gauging the bro influence (Chicago, Noble: employment, shop, areas)

[NOLA101]

Originally Posted by marothisu

Actually, it is true at least at the Metro area. Calculating out the percentages using the 2013 estimates, you get 2.2% for Chicago area are millionaires while 1.95% are millionaires in the LA area.

In other words, you were completely wrong, and LA has twice as many millionaires. You claimed that LA and Chicago have roughly the same number of millionaires.

If the two metros have similar % of millionaires and LA has twice the population, then obviously LA has roughly twice as many millionaires.

And the number is probably much higher, because your stat doesn't include home values. Home values in the LA area are roughly twice that of the Chicago area, so obviously there will be much more wealth from home values in LA compared to Chicago. Home values are the primary source of wealth in high-cost metro areas, and obviously real estate is more liquid than most investments (it's practical to sell a house and then rent or trade down; not as practical to liquidate your retirement or kids college savings).

I would guess that overall LA has roughly 3x the # of millionaires as Chicago, and may be #2 globally.

[Vlajos]

Originally Posted by NOLA101

In other words, you were completely wrong, and LA has twice as many millionaires. You claimed that LA and Chicago have roughly the same number of millionaires.

If the two metros have similar % of millionaires and LA has twice the population, then obviously LA has roughly twice as many millionaires.

And the number is probably much higher, because your stat doesn't include home values. Home values in the LA area are roughly twice that of the Chicago area, so obviously there will be much more wealth from home values in LA compared to Chicago. Home values are the primary source of wealth in high-cost metro areas, and obviously real estate is more liquid than most investments (it's practical to sell a house and then rent or trade down; not as practical to liquidate your retirement or kids college savings).

I would guess that overall LA has roughly 3x the # of millionaires as Chicago, and may be #2 globally.

It would be nice if you would show some back up to your claim.

[Lookout Kid]

The idea of a "millionaire" in a housing market like southern California is pretty funny, as it is very much a "middle class lifestyle" in most other areas of the country. Pay down a 3-bedroom non-updated ranch house for $750,000 and have a small 401k, and you are a millionaire.

Most younger middle class Americans alive today will be "millionaires" by the time they retire, assuming they keep contributing to retirement accounts. It's not the measure of wealth that it once was, particularly in expensive housing markets.

[chiMT]

Originally Posted by lenniel

Let's face it...for the most part, Bros are going to come out ahead in life.

Legends in your own minds. Cool story, bro.

[NorCal Dude]

Originally Posted by NOLA101

In other words, you were completely wrong, and LA has twice as many millionaires. You claimed that LA and Chicago have roughly the same number of millionaires.

If the two metros have similar % of millionaires and LA has twice the population, then obviously LA has roughly twice as many millionaires.

And the number is probably much higher, because your stat doesn't include home values. Home values in the LA area are roughly twice that of the Chicago area, so obviously there will be much more wealth from home values in LA compared to Chicago. Home values are the primary source of wealth in high-cost metro areas, and obviously real estate is more liquid than most investments (it's practical to sell a house and then rent or trade down; not as practical to liquidate your retirement or kids college savings).

I would guess that overall LA has roughly 3x the # of millionaires as Chicago, and may be #2 globally.

LA's median household income is nearly identical to Chicago. I think they have Chicago beat by a few hundred bucks. LA's poverty rate is slightly higher than Chicago. And that's before adjusting due to high cost of living.

Socioeconomics of both cities are fairly similar. Heavily minority and working class.

[marothisu]

Originally Posted by NOLA101

In other words, you were completely wrong, and LA has twice as many millionaires. You claimed that LA and Chicago have roughly the same number of millionaires.

Do you even realize how painfully obvious it is that you're Standard111? Nice of you to leave out where I stated the fact that LA has a higher percentage in the city limits, but in the metro areas it has a lower one which is a fact, especially if you can do 2nd grade math.

Here's the actual quote, which you basically quoted me on, except you left out the key part where I said the city level had a higher percentage for LA.

Originally Posted by marothisu

Actually, it is true at least at the Metro area. Calculating out the percentages using the 2013 estimates, you get 2.2% for Chicago area are millionaires while 1.95% are millionaires in the LA area. LA has a higher percentage of millionaires in the actual city limits, but when you factor in suburbs, Chicago definitely pulls ahead.

[Freefall18]

Was George Bush a bro?

[chicago103]

Originally Posted by VictoryIsMine1

lenniel,

Since you are a self proclaimed successful bro, please answer the following questions:

- What do you do for a living?
- Where did you go to college?
- What did you major in?
- How old are you?
- Where do you live?
- What do your parents do?
- What was your socioeconomic status while growing up?
- What do you do on a typical Friday and Saturday?


I am interested to see what the profile of a self proclaimed bro is.

I don't consider myself to be a bro by any means but this sounds like a fun game to play to see how near or far I fit the stereotype, I will even comment on myself.

- What do you do for a living? Currently work in real estate but since college I have worked in city government and on political campaigns. Real Estate is a pretty "bro" profession but city government and politics less so.

- Where did you go to college? UIC, technically not a big ten school but since it is part of the UofI system maybe a little bro.

- What did you major in? Political Science undergraduate and Urban Planning master's, not terribly bro, certainly not the latter.

- How old are you? 33, within the bro generation (millenials)

- Where do you live? Garfield Ridge (i.e. SW side near Midway) not very stereotypical bro but there is a variant of working class bros in these parts.

- What do your parents do? Dad was a Caterpillar engineer and mom was an office secretary and later housewife. Not an uncommon bro-background.

- What was your socioeconomic status while growing up? I considered my family to be slightly upper-middle class but by city-data standards I was raised middle-middle class, possibly a bit lower middle class given what some people on here consider good money. So could be a bro background or not depending on what one considers well off enough to be bro pedigree.

- What do you do on a typical Friday and Saturday? If someone invites me to a bar or club I go but nightlife and partying is not the end all be all to me or the first thing that comes to mind as to why city life is awesome. So not terribly bro or perhaps socially bro.

[Tex?Il?]

Originally Posted by chicago103

I don't consider myself to be a bro by any means but this sounds like a fun game to play to see how near or far I fit the stereotype, I will even comment on myself.

- What do you do for a living? Currently work in real estate but since college I have worked in city government and on political campaigns. Real Estate is a pretty "bro" profession but city government and politics less so.

- Where did you go to college? UIC, technically not a big ten school but since it is part of the UofI system maybe a little bro.

- What did you major in? Political Science undergraduate and Urban Planning master's, not terribly bro, certainly not the latter.

- How old are you? 33, within the bro generation (millenials)

- Where do you live? Garfield Ridge (i.e. SW side near Midway) not very stereotypical bro but there is a variant of working class bros in these parts.

- What do your parents do? Dad was a Caterpillar engineer and mom was an office secretary and later housewife. Not an uncommon bro-background.

- What was your socioeconomic status while growing up? I considered my family to be slightly upper-middle class but by city-data standards I was raised middle-middle class, possibly a bit lower middle class given what some people on here consider good money. So could be a bro background or not depending on what one considers well off enough to be bro pedigree.

- What do you do on a typical Friday and Saturday? If someone invites me to a bar or club I go but nightlife and partying is not the end all be all to me or the first thing that comes to mind as to why city life is awesome. So not terribly bro or perhaps socially bro.

Transitional between gen-ex and millenial if born between 77 and 82. (age 32 to 37 today)

[chicago103]

Originally Posted by Tex?Il?

Transitional between gen-ex and millenial if born between 77 and 82. (age 32 to 37 today)

Yeah I have heard of different cut off years from different sources but 1980 is right in the middle and a nice numerical cut off to include everyone born in the 1980's in the same generation. Also as far as the "bro" influence is it really considered some recent phenomenon or just a variation of an archetype of certain type of men that have always existed?