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Old 10-25-2015, 11:31 PM
 
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Just curious, if you are a doctor making 250k a year, is it possible? There are a lot of seriously wealthy people there but I do 't think that is the norm, considering the town has almost 10,000 residents.

Last edited by BayAreaDave; 10-26-2015 at 12:12 AM..
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Old 10-26-2015, 12:21 AM
 
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Average doctor? No, most definitely not. Hillsborough is an elite of the elite kind of "town". You have to be at the top tier of what you do, be independently (very) wealthy in some way, or have recently struck it rich in a lucrative IPO. Multiple millions of dollars rich, not just average Bay Area rich.

I live a few blocks from Hillsborough, and I always find it funny to walk over the city line and think how the house on the San Mateo side of the line is possibly half the price of the one on the Hillsborough side. No change in feel, safety, or anything like that, but I guess that Hillsborough address must be worth it to them.
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Old 10-26-2015, 12:38 AM
 
620 posts, read 1,198,255 times
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Quote:
Originally Posted by HockeyMac18 View Post
Average doctor? No, most definitely not. Hillsborough is an elite of the elite kind of "town". You have to be at the top tier of what you do, be independently (very) wealthy in some way, or have recently struck it rich in a lucrative IPO. Multiple millions of dollars rich, not just average Bay Area rich.

I live a few blocks from Hillsborough, and I always find it funny to walk over the city line and think how the house on the San Mateo side of the line is possibly half the price of the one on the Hillsborough side. No change in feel, safety, or anything like that, but I guess that Hillsborough address must be worth it to them.
What kind of income would be needed? Would a surgeon making 400k (as a surgeon makes on average I assume) be able to live there?
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Old 10-26-2015, 01:19 AM
 
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Quote:
Originally Posted by BayAreaDave View Post
What kind of income would be needed? Would a surgeon making 400k (as a surgeon makes on average I assume) be able to live there?
Just do a search on a real estate site and make the calculations. On Redfin there were 33 homes listed in Hillsborough and only 1 was under 2.5 million. So its unlikely some low income surgeon could purchase a home there unless he had a monster down payment.
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Old 10-26-2015, 11:26 AM
 
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I have a friend who grew up on Hillsborough. His Dad is a doctor and also owns a popular Chinese restaurant.

Two other friends who live there are both partners at different accounting firms. One is a rag to riches, and other came from money.
.
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Old 10-26-2015, 12:05 PM
 
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The docs I know live in places like San Mateo, Millbrae, Belmont, San Carlos ... but not Hillsborough.
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Old 10-26-2015, 12:50 PM
 
Location: State of Transition
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Quote:
Originally Posted by HockeyMac18 View Post
Average doctor? No, most definitely not. Hillsborough is an elite of the elite kind of "town". You have to be at the top tier of what you do, be independently (very) wealthy in some way, or have recently struck it rich in a lucrative IPO. Multiple millions of dollars rich, not just average Bay Area rich.

I live a few blocks from Hillsborough, and I always find it funny to walk over the city line and think how the house on the San Mateo side of the line is possibly half the price of the one on the Hillsborough side. No change in feel, safety, or anything like that, but I guess that Hillsborough address must be worth it to them.
This is kind of sad. There used to be "average" doctors and lawyers living there, but that was before the tech boom.
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Old 10-26-2015, 12:56 PM
 
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Originally Posted by Ruth4Truth View Post
This is kind of sad. There used to be "average" doctors and lawyers living there, but that was before the tech boom.
I don't know if that town has ever been "average".

I guess this depends on your definition of average.
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Old 10-26-2015, 01:02 PM
 
Location: State of Transition
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Quote:
Originally Posted by HockeyMac18 View Post
I don't know if that town has ever been "average".

I guess this depends on your definition of average.
Well, yeah, it would help if the OP clarified his definition, but I think the fact that he's asking in the context of Hillsborough answers the question. Doctors and many lawyers used to make very good money relative to real estate values, back in the day. But those days are pretty much over. Now, especially in the Bay Area, a household with two such professionals is what it takes. And that still wouldn't get you Hillsborough, probably.
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Old 10-26-2015, 03:33 PM
 
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Average Doctor meaning, Family Medicine? No. Internist/Hospitalist? General Surgeon? No. Psychiatrist? No Average Plastic Surgeon, yes, Average Neurosurgeon Yes, Average Radiologist yes. Gastroenterologist? Yes, Average Doctor depends on the specialty you're speaking about
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