Top 20% household income in San Francisco is $380k
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Date: November 17th, 2017 7:06 PM Author: sepia swashbuckling stead gay wizard
Looking at income alone doesn't really mean anything. Lots of boomers outright own their houses in major markets and have limited expenses, so they don't need to make any money. Millennials making 300k are worse off than boomers who own a multi million place outright and make 50k.
My parents own a multi million place in SF but are retired and pretty much have no income outside of SS...technically making a poverty wage, but can live in SF in a real house essentially for free, LJL
No millennials will ever be able to catch up to boomers who outright own property in expensive markets just through working
(http://www.autoadmit.com/thread.php?thread_id=3801028&forum_id=2#34713027) |
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