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Old 05-28-2019, 08:40 PM
 
Location: In a room above Mr. Charrington's shop
2,916 posts, read 11,042,187 times
Reputation: 1765

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Ventura County--now deemed the 6th wealthiest place in the U.S.--seems a bit of an outlier to me. A notch richer than Seattle-Tacoma (7), and following Boston (5), Napa (4), Stamford, CT (3), San Francisco (2), San Jose (1), Ventura County feels like the odd duck in the list. VC doesn't have any of the major assets of those other places--world-class university, high-tech, banking, wine. Weather alone can't be the answer, so what's going on here?

https://www.vcstar.com/videos/news/l...ca/1243875001/
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Old 05-29-2019, 02:10 PM
 
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Wealthy people from LA and SF escaping the urban crush.
Restricted construction driving house values sky-high.
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Old 05-29-2019, 05:57 PM
 
Location: In a room above Mr. Charrington's shop
2,916 posts, read 11,042,187 times
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Quote:
Originally Posted by wac_432 View Post
Wealthy people from LA and SF escaping the urban crush.
Restricted construction driving house values sky-high.
Certainly two factors. Still, it surprises me. Never thought I'd see a situation where Ventura County was wealthier than Santa Barbara, for instance, or south Orange County, or many other metro areas.

Though I don't have the source now, but something in the back of my mind reminds me that not long ago I read that rents in Ventura Co are now on average higher than in Santa Barbara.
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Old 06-01-2019, 02:35 AM
 
Location: Studio City, CA 91604
3,049 posts, read 4,511,254 times
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Quote:
Originally Posted by Winston Smith View Post
Certainly two factors. Still, it surprises me. Never thought I'd see a situation where Ventura County was wealthier than Santa Barbara, for instance, or south Orange County, or many other metro areas.

Though I don't have the source now, but something in the back of my mind reminds me that not long ago I read that rents in Ventura Co are now on average higher than in Santa Barbara.
Well, it would make sense. Ventura County (especially the western half) is close to the City of Los Angeles.
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Old 06-01-2019, 09:23 PM
 
265 posts, read 256,213 times
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Quote:
Originally Posted by kttam186290 View Post
Well, it would make sense. Ventura County (especially the western half) is close to the City of Los Angeles.
Did you mean to say the eastern half?
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Old 06-02-2019, 07:27 PM
 
Location: In a room above Mr. Charrington's shop
2,916 posts, read 11,042,187 times
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Quote:
Originally Posted by kttam186290 View Post
Well, it would make sense. Ventura County (especially the western half) is close to the City of Los Angeles.
In spite of Ventura County's proximity to Los Angeles, it has never before been the case that rents in VC were higher than Santa Barbara. That's new.
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Old 06-03-2019, 02:16 PM
DKM
 
Location: California
6,767 posts, read 3,787,096 times
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There aren't many places outside of Oxnard for lower income people to live here so the countywide average income is going to be higher than a lot of cities.
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Old 06-08-2019, 04:06 PM
 
545 posts, read 508,420 times
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Quote:
Originally Posted by Winston Smith View Post
Certainly two factors. Still, it surprises me. Never thought I'd see a situation where Ventura County was wealthier than Santa Barbara, for instance, or south Orange County, or many other metro areas.

Though I don't have the source now, but something in the back of my mind reminds me that not long ago I read that rents in Ventura Co are now on average higher than in Santa Barbara.
Not sure about rents, but homes prices are way higher in Santa Barbara

And I think the OP article is based on a faulty premise for conflating median income with "rich". Even though the incomes in SB may be less, b/c you have big college there, I think there is far more real wealth there just in real estate alone. All those multimillion dollar estates in the hills, Montecito, over $5 million left and right, that's serious money. What you get in Ventura County are a lot of professionals making a salary that affords them a $1.3 million dollar homes. It's a housing market based on salaried workers and small business. Santa Barbara is a housing market based on money.
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