alt Hacker NewsHave you been to NY? It’s both. There are wealthy folks in the city but also some of suburbs are also some of the wealthiest places on the planet. Folks forget that you drive 30 minutes from the city center and you’re basically driving through neighborhoods of $1M+ homes that go on for miles and miles. It flies below the radar, which is precisely why so many wealthy folks hang out there.
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Yes, many times. Usually at least twice/year since it's such a short flight from my home town. I can be in Midtown in about 3 hours from my front porch which is cool.
The OP wrote this:
> As an American, I don’t think of the suburbs when I think of rich people.
Which, I think is still the case in NY. Upper East Side, Chelsea, West Village, wherever. $40 million apartments, billionaire's row.... when I think the suburbs yea there are wealthy people there but you're talking $1mm for a house or something. In Ohio $700k - $1mm is pretty common in the suburbs around Columbus (and the downtown neighborhoods). The prices are usually higher outside of the city. I think this is typical, whereas NY it's the opposite. It's a little distorted because NY is so wealthy that you see the suburban prices and it tricks you a little bit, but it's really an inside-out model there and most of America is still priced from the outside-in.
1M is not a lot of money for a home in the NYC suburbs, at least where the schools are OK. I'm referring to the nice NJ towns, Westchester, etc.
1M is also the price of a one bedroom apartment in the city of 8.6M. That is, if you don't want a 45 minute one way commute.