Comments on: Los Angeles: The Platinum Triangle & Beyond http://higley1000.com/archives/84 Racial Integration in the Wealthiest 1000 Places in America Mon, 23 Jan 2012 20:04:52 +0000 hourly 1 http://wordpress.org/?v= By: Stephen Higley http://higley1000.com/archives/84/comment-page-1#comment-2517 Stephen Higley Mon, 27 Sep 2010 14:31:25 +0000 http://higley1000.com/?p=84#comment-2517 You raise an interesting point about repatriating part of one's income abroad. However, among the highest income households, living in an "appropriate" house that brings access to superior public schools or private schools would seem to be the first step a wealthy household would take. I see no difference in the patterns of the nouveau riche. Where one lives is still a statement to the rest of Americans that "you have arrived." You raise an interesting point about repatriating part of one’s income abroad. However, among the highest income households, living in an “appropriate” house that brings access to superior public schools or private schools would seem to be the first step a wealthy household would take. I see no difference in the patterns of the nouveau riche. Where one lives is still a statement to the rest of Americans that “you have arrived.”

]]> By: demopublican http://higley1000.com/archives/84/comment-page-1#comment-2496 demopublican Sun, 26 Sep 2010 20:44:20 +0000 http://higley1000.com/?p=84#comment-2496 "In 2000 Latinos made up 28.6% of the households in the metro area, but a mere 2.7% of the households in the Los Angeles Higley 1000 neighborhoods" Could it be that LA has such a high coupling with residents having family ties back into Mexico? LA, though having a large Hispanic population has a lot of inter-commerce and leisure travel of folks to and from Mexico. It maybe worthwhile to check on the money outflows from LA into Mexico--like the Bahamas, Aruba or even Switzerland, I would not be surprised if wealthy Hispanics are shipping wealth across the border for friendlier monetary laws, and you're seeing that in your data. This may as well apply to Asian families too. “In 2000 Latinos made up 28.6% of the households in the metro area, but a mere 2.7% of the households in the Los Angeles Higley 1000 neighborhoods”

Could it be that LA has such a high coupling with residents having family ties back into Mexico? LA, though having a large Hispanic population has a lot of inter-commerce and leisure travel of folks to and from Mexico.

It maybe worthwhile to check on the money outflows from LA into Mexico–like the Bahamas, Aruba or even Switzerland, I would not be surprised if wealthy Hispanics are shipping wealth across the border for friendlier monetary laws, and you’re seeing that in your data.

This may as well apply to Asian families too.

]]> By: tom http://higley1000.com/archives/84/comment-page-1#comment-1220 tom Tue, 25 May 2010 02:01:17 +0000 http://higley1000.com/?p=84#comment-1220 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. 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 http://higley1000.com/archives/84/comment-page-1#comment-1108 Alan Gregg Cohen Mon, 08 Mar 2010 07:38:09 +0000 http://higley1000.com/?p=84#comment-1108 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. 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 http://higley1000.com/archives/84/comment-page-1#comment-647 Chili Wed, 07 Jan 2009 15:07:42 +0000 http://higley1000.com/?p=84#comment-647 I would have thought Hancock Park would be amoung the wealthiest areas in Los Angeles. Chili <a href="http://www.sdcasinoreview.com" rel="nofollow">San Diego</a> I would have thought Hancock Park would be amoung the wealthiest areas in Los Angeles.
Chili
San Diego

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