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Old 05-20-2010, 04:33 PM
 
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Are there any sources that would tell us where the millionaires live in Houston and suburbs?
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Old 05-20-2010, 04:37 PM
 
Location: Westbury
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hcad.org would be a start.

River Oaks
Memorial/Villages

Most of the suburbs have their higher end neighborhoods (Sweet Water in Sugar Land for example).
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Old 05-20-2010, 06:33 PM
 
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Quote:
Originally Posted by diggity101 View Post
hcad.org would be a start.

River Oaks
Memorial/Villages

Most of the suburbs have their higher end neighborhoods (Sweet Water in Sugar Land for example).
Those areas have high real estate values but how do we know what their debt is?

There are folks who are 'Underwater' and owe other debts.
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Old 05-20-2010, 06:53 PM
 
Location: Charleston Sc and Western NC
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Ok, then you look where the high value real estate is and the foreclosures aren't.

I don't see too many people in River Oaks and Memorial playing in waters too deep for them.
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Old 05-20-2010, 07:16 PM
 
Location: Conroe, TX
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Carlton Woods in The Woodlands
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Old 05-20-2010, 07:25 PM
 
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Originally Posted by EasilyAmused View Post
Ok, then you look where the high value real estate is and the foreclosures aren't.

I don't see too many people in River Oaks and Memorial playing in waters too deep for them.
Even if the person is not in a foreclosure, what about their net worth? Assets - Liabilities.
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Old 05-20-2010, 07:27 PM
 
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Quote:
Originally Posted by AllThrottle4U View Post
Carlton Woods in The Woodlands
Source?
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Old 05-20-2010, 07:51 PM
 
Location: Conroe, TX
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I'm not sure where you would find a reliable source to tell you very personal information such as personal net worth vs liabilities. If I were a millionaire, I wouldn't be offering too much info and gloating my value. If there were a bank or investment firm who would publish those types of generalizations for a specific area then we're all in trouble. I'm sure you can find many places that are said to be "wealthy areas", so you don't have to lead yourself too far off track to assume those are wealthy people living in those houses. Carlton Woods is a very expensive place to live in the woodlands. The average home is 3-4 million. It is known by everyone who lives in the woodlands and that is the only real source of information you will get, word of mouth.
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Old 05-20-2010, 07:59 PM
 
12,671 posts, read 22,842,183 times
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Quote:
Originally Posted by AllThrottle4U View Post
I'm not sure where you would find a reliable source to tell you very personal information such as personal net worth vs liabilities. If I were a millionaire, I wouldn't be offering too much info and gloating my value. If there were a bank or investment firm who would publish those types of generalizations for a specific area then we're all in trouble. I'm sure you can find many places that are said to be "wealthy areas", so you don't have to lead yourself too far off track to assume those are wealthy people living in those houses. Carlton Woods is a very expensive place to live in the woodlands. The average home is 3-4 million. It is known by everyone who lives in the woodlands and that is the only real source of information you will get, word of mouth.
They have personal net worth for billionaires and other famous folks.

Wealthy areas just means high real estate value and that also means higher income area but not net worth.

There are studies that show that millionaire live in middle to middle-upper class neiborhood and drive modest cars, live a frugal life.

You can be in debt, living paycheck to paycheck and still own a 3-4 home. What if their house is 'underwater'?
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Old 05-20-2010, 08:09 PM
 
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If you can find reliable information on who and where the high net worth individuals are, there are MANY private bankers who would like to take you to lunch. And dinner. And possibly on vacation.

Most prefer to live under the radar because they don't want the publicity. Credit scores don't get you there. They don't provide financial statements (except to the banks they owe money to), and leases and easy mortgages and credit muddy the waters of the higher end neighborhoods.

Good luck in your search!
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