Reply to Where are all the high income folks?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]You can make a ton of money and still think certain things are a lot of money.

My parents have an HHI of $1M or so and a net worth of several million. They own property in Manhattan. My mom still won't usually pay for Acela tickets to go from NYC to BWI because she thinks they're too expensive. [/quote]

Sorry to break it to you, $1M isn't much in Manhattan anymore[/quote]

They're doing just fine. They have a beautiful apartment in a completely renovated pre-war building and just bought a Steinway baby grand.

Also, these graphs would suggest that $1M is still quite good: https://statisticalatlas.com/county-subdivision/New-York/New-York-County/Manhattan/Household-Income[/quote]

I'm wondering just how you got that idea, seeing how the graph tops out at $250k
[/quote]

The graph shows that [b]$250k is in the top 5% of household income in Manhattan[/b].  So it stands to reason that $1M, which is higher than that, is "still quite good," as PP said.  How is this confusing?[/quote]

I can't believe a graph that says the lower level top 5% of Manhattan incomes is $250k or that the median is $800k.

Who's buying all the $5 million dollar apartments? who's sending kids to $50k a year private school? who do all those $100k luxury cars on the upper east & west sides in belong to? who do all the boutiques sell to?

Why do people making $500k+ a year say they can't afford the city?

This should be good  :lol: 
[/quote]

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