Originally Posted by civilexpert
This is just one of those pointless statistics.. means nothing.
Seriously, give me a break... nobody who's "rich" has a desire to live in Atlanta. Most people who get rich in Atlanta move out to big land tracts in the country.. they don't stay in this cesspool of scumbags and dilapidated infrastructure.
Civilexpert, you must not know Atlanta very well, perhaps a new migrant to Atlanta?
Ansley Park.....right off Peachtree in Midtown. Try finding a house under $2.00 million. Do you need a real estate agent to pull comparables to show that MOST expensive homes are inside the perimeter compared to the cookie-cutter suburbia? The price per square foot is MUCH higher in Buckhead, Midtown and even downtown for any comparable homes! Take a drive in Ansley Park, down Paces Ferry, Northside, Mount Vernon , Vinings and all connected side streets.
Those that live outside the perimeter, whether middle-class, well-to-do, or wealthy simply want to sacrifice quality of life to having a bigger house and a bunch of grass to cut. (Attached is Lake Meer, in Piedmont Park, which is my backyard, which I never have to cut a shrub or blade of grass!
My former business partner, who is a strip shopping center developer, choses to live on Lake Windward, but as a recent divorcee, has to drive to Buckhead and Midtown for his dates! Its almost comical, but he is a single dad and doesnt want his son to suddenly change schools, even though Pace Acadamy, Westminter and Atlanta International School would be far better then the schools in North Fulton. Even though his net worth in the 8 digits, he didnt think it would be "worth it" to pay so much extra per square foot. (His home is 7500 square feet for two people and three people when his daughter visits from college!!)
(The photo of Piedmont Park was taken by me, AtlMidtowner, from my condo in Midtown)