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You just said the most important criteria in the survey you posted was where UHNWI live, and yet Miami is off the radar there. And yet then you went the whole other route in your next sentence and said "Miami kills San Francisco in broad appeal".
Yes and neither excludes the other. The most important criteria is where UHNWI live, but there are other criteria. Point is Not every UHNWI lives in San Francisco otherwise San Francisco would be number 1, the small percent of UHNWI (granted larger than Miami) that have primary residence there doesn't offset the vastly larger numbers of UHNWI who have secondary residences in Miami. It's not even close.
Since you don't seem to understand, basically something like 1% or less of UHNWI live in San Francisco (too lazy to look up the number). And maybe 0.5% live in Miami. However, 20% will have a secondary residence in Miami and only 2% in San Francisco. That's how Miami crushes and gets to 6.
I didn't bother to read the rest of your post, it's really just bloviating.
Miami's international image is mostly shaped by a small slice of the metro area along the coast. It's a place people go to for a few days to play on the beach and party, then they leave. The reality of the metro area is very different from the little piece outsiders go to take advantage of.
Agreed. As someone who has driven through the Miami metro a couple of times on my way to the Keys, most of the area appears to be very low income—even impoverished. And that's just in the suburbs! Very different from what I'm used to seeing.
Miami Beach might be a Mecca for the tacky Nouveau Riche, but the rest of the metro is a hole.
Yes and neither excludes the other. The most important criteria is where UHNWI live, but there are other criteria. Point is Not every UHNWI lives in San Francisco otherwise San Francisco would be number 1, the small percent of UHNWI (granted larger than Miami) that have primary residence there doesn't offset the vastly larger numbers of UHNWI who have secondary residences in Miami. It's not even close.
Since you don't seem to understand, basically something like 1% or less of UHNWI live in San Francisco (too lazy to look up the number). And maybe 0.5% live in Miami. However, 20% will have a secondary residence in Miami and only 2% in San Francisco. That's how Miami crushes and gets to 6.
I didn't bother to read the rest of your post, it's really just bloviating.
Hahahaha
No sunshine, 5,460 UHNWIs live in the Bay Area( BEHIND ONLY NEW YORK, LONDON AND TOKYO) versus 200 in Miami proper and most likely 500 in the metro area.
It's entirely possible that the city of SF( 800,000 pop) more UHNWIs than the entire Miami Metro(6 Million pop) hahaha
You honestly could not have picked a worse city to compare Miami. SF overwhelms Miami like a tidal wave when it comes to concentration of rich residents.
Oh, and this has always been the case. San Francisco has wealth dating back to the gold rush when Miami was still a swamp.
No sunshine, 5,460 UHNWIs live in the Bay Area( BEHIND ONLY NEW YORK, LONDON AND TOKYO) versus 200 in Miami proper and most likely 500 in the metro area.
It's entirely possible that the city of SF( 800,000 pop) more UHNWIs than the entire Miami Metro(6 Million pop) hahaha
You honestly could not have picked a worse city to compare Miami. SF overwhelms Miami like a tidal wave when it comes to concentration of rich residents.
Oh, and this has always been the case. San Francisco has wealth dating back to the gold rush when Miami was still a swamp.
I hate to break it to you but Miami is still more important to rich people.
San Francisco has more middle or upper-middle-class than Miami, congrats, but darling, we’re talking about the place most attractive to the 190,000 UHNWI WORLDWIDE. You know, those with unlimited choices, not working stiffs who slave away at Google. For example, Mumbai has more super rich than Monaco. Where do you think most global rich people would chose to be? Osaka has more UHNWI than Paris, but where do you think most global rich would rather be? Do you understand it now?
In plainest speak - rich people were asked to identify which city they like the best and they chose Miami WAY over San Francisco. I mean, why wouldn’t they? The shopping here makes San Francisco look like K-Mart, because there are more rich people here on any given day. People are stuck in the Bay Area because of work, but rest assured, the majority of UHNWI worldwide chose Miami over San Francisco, hence the results of this survey. On any given day, there are far more super-rich on the streets here in Miami than they are in SF, even if they declare their primary home as Moscow or Latin America. I mean duh, it’s obvious.
Number of homes currently listed at $10MM+
Miami-Dade County: 239
San Francisco: 9
LMAO!
In comparison
Manhattan: 628
A so it looks like it is *US* who hangs with the Big Dogs, NY, Tokyo, London. Hmmm, now that I think about it, that clearly explains why our shopping is more analogous with New York and London because more of these people are in Miami on any given day than dreary San Francisco, which quite frankly, isn’t on the radar of the UHNWI other than the ones who live there. It's just not fabulous enough sorry lol.
Remember, SF has less than 1% of the worlds UHNWI and the rest apparently don’t think much of it, hence the low ranking! It’s no wonder we get MILLIONS more international visitors than SF. #BYE.
I know, I'm still laughing. We're number 6 and you're number 19th. And you're still fighting so hard against it
PS, according to Knight Frank 500+ UHNWI in San Francisco and 200+ in Miami. But, vastly more UHNWI come to Miami than San Francisco. Vastly more, so much so we're 6 you're 19th. You're a work city man, get over it, what you don't generate you don't get. No one cares about you when they're not making money from you cause you're just boring
He probably has understood all along, but he is crying. Really really painful sobbing. But get ready for it, he will toss the same statistics of primary residence of UHNWI at you for the 50th million time, like some kind someone with OCD.
I believe its economy literally depends on foreign monies to make these sort of investments in the real estate market here. Supposedly 22 known billionaires will make the Porshe Design Tower in Miami their home upon its completion.
So, this thread was basically created to brag about how a disproportionate number of ridiculously rich people worldwide tend to have Miami on their radars for purchasing megamillion dollar condos or luxury yachts? I don't think anyone is arguing that point.
In fact, don't think this thread would have gone longer than one page if the OP wasn't making ridiculous claims or talking down to other people. The assertion that everyone that argues with him secretly wants to live there (and just can't) is hilarious.
It's an impressive showing on the survey, though no one in their right mind thinks that Miami's the 2nd most important metro area in the US as a result. It's an anomaly of sorts, a tax haven with a thin, north-south strip of concentrated wealth, the Dubai of the states. It bats far below its size as an economic generator, and comparatively speaking generally underperforms in just about every measurable category other than per capita bottle service and short shorts. Rad.
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