What are you doing on a software board then? California houses cost at least 2-3 mil. What's the home ownership rate? Are you implying that all Californian home owners are part of some elite?
My income is in the "2%". I also entirely understand that that makes me in "the elite few".
> California houses cost at least 2-3 mil.
You mean "houses in a few select neighborhoods and locations", such as SF, more prestigious areas in LA. Also, they don't. Median SF house price: $1.4M. Sunnyvale, $1.6M.
Not "at least 2-3M". And certainly not in conjunction with this:
> implying that all Californian home owners are part of some elite
The median Californian home price is $700K. So no. But since you seem to imply that California is somehow defined as "places where homes cost $2-3M" then yes, absolutely. If you own a home worth $2M+ you are unequivocally "one of the elite". You may not be buying a new private jet every five years, but you are also entirely capable of a lifestyle that the VERY VAST majority of Americans have no chance of attaining.
For reference, a $3M mortgage with a substantial downpayment results in a mortgage payment of nearly $14,000/month, which with Jumbo loans requires an annual income in the region of $800K/year.
Please don't try to continue an argument that says that someone making just shy of a million dollars a year is somehow neither privileged nor elite.
I am stunned that people don't know that Americans are far and away outliers on the programming pay scale. Please tell me you're aware that not all programmers are in America making those crazy amounts.
