Quote:
Originally Posted by dimondpark
Unfortunately, the Bay Area and other high priced places, have a ton of people earning $100,000+ who see themselves as struggling because of the housing shortage.
But I digress.
About the visible wealth thing, it used to be way more subdued on the Peninsula-now people are more showy.
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I think it's that new money vs. old money thing. New money tends to be flashier and more showy.
And it used to be that Atherton and Hillsborough were *the* wealthy cities of the Peninsula outside of SF of course, and they were very old money. I haven't been through those towns in a while... unless they have strict development codes and architectural review boards, I can imagine that maybe some new money has been moving there and they've been probably building more outrageous mansions compared to the more tasteful subdued older ones that I remember.
Regarding SF, on my last visit there, going through Presidio Heights, I thought to myself 'who lives here and what do they do for a living??' Presidio Heights is so old-school wealthy neighborhood from a century ago, I couldn't even imagine people from the tech industry living there, I would think that those homes would be out of reach even for techies---or maybe those style of homes are too old fashioned for them?