According to this incredibly ill timed article (considering my husband and I are counting our quarters so we can get a smoothie, yes a smoothie is NECESSARY) 5 million is the new one million.
Yep, you heard it here first folks, one million is like “oh really, you have one million dollars, how cute is that?”
From the article: “It can be said that the new $1 million is $5 million,” said Ajay Gupta, vice president, wealth management advisor at Merrill Lynch in San Diego. “We’ve seen a lot more $5 million net worth families than before.” (Who are they and are they adopting?!)
I don’t know if I’m going to take this guys word for it. Mostly because when I lived in San Diego I started to get just a little jaded about proper housing prices. I once stopped on by a neighborhood open house for a small, two bedroom Spanish style bungalow about four blocks from the beach… no parking. “It’s only 989,000 dollars,” I said. Pssh, any fool can scrape up 989,000… let me start counting my quarters.
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Thursday, September 13, 2007
Dumping out the change jar... San Diego in the News
Posted by Cutcha at 12:48 PM
Labels: San Diego in the News
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