Perhaps the most interesting part of the article:

    • derf82@lemmy.world
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      18 hours ago

      Still mostly million dollar plus homes. 8-12 times what my Midwestern home is worth. Hell, a freaking empty lot in Altadena is worth more than my house.

      • TheLowestStone@lemmy.world
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        17 hours ago

        That doesn’t necessarily make them rich. The combined salaries of my partner and I would make us “rich” in some parts of the country but we rent an apartment and almost live paycheck to paycheck.

        • derf82@lemmy.world
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          14 hours ago

          If they are not rich owning a million dollar asset, then I’m poor as fuck.

          Living paycheck to paycheck doesn’t make you not rich. It just means you spend what you make. Plenty of rich people do that.

            • derf82@lemmy.world
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              6 hours ago

              Some people can spend $50m a year. Just because you can spend it all doesn’t mean you are not rich. Also, there mere existence of richer people doesn’t make you not rich.