Comments on: Los Angeles: The Platinum Triangle & Beyond

By: tom

tom — Tue, 25 May 2010 02:01:17 +0000

Alan, when collecting census data, the federal government requires that one declare one permanent residence for statistical purposes. So while one might have homes in the Nantucket, Palm Beach, and Aspen, one has to choose one residence to declare. In the Hamptons, for example, the wealthiest seasonal residents will most likely declare places such as Manhattan or Farfield or Westchester Counties as their “home.” Therefore, the per capita income and median household/family incomes in the Hamptons only reflect year-round or more permament residents. This phenomenon is illustrated well on Nantucket. With some of the highest housing prices in Massachusetts (due to summer people), the income levels on the island are not commensurate because the year-round residents are the only ones claiming residency on the island to the federal government. So while many wealthy people may vacation and own homes in Palm Springs, they are not considered residents, and therefore their income is not considered in calculating that area’s income.

By: Alan Gregg Cohen

Alan Gregg Cohen — Mon, 08 Mar 2010 07:38:09 +0000

You say that in the Palm Springs area there are no neighborhoods that make the wealthiests areas in Los Angeles, which I find hard to believe. The city of Indian Wells reportedly has the most millionaires per capita of any community in the US, and if you take individual neighborhoods such as the Vintage Club, The Reserve and Eldorado Country Club, I’m sure you would find quite the wealth, considering membership fees averaging $500,000 to join these residence clubs. Also Bighorn Golf Club and Silver Eagle Golf Club in neighboring Palm Desert, and Thunderbird and Tamarisk Country Clubs in neighboring Rancho Mirage would fit the same bill. More research should be conducted on these communities as I’ve read this area has some of the highest concentration of wealth in the US.

By: Chili

Chili — Wed, 07 Jan 2009 15:07:42 +0000

I would have thought Hancock Park would be amoung the wealthiest areas in Los Angeles. Chili San Diego