Neoliberalism2024 t1_jdymicl wrote
Reply to comment by TheAJx in New Yorkers overwhelmingly support bail changes ahead of state budget deadline: Poll by Grass8989
They dont have new millionaires moving in. They HAD new millionaires being MADE, because silicon valley had a shit ton of IPOs before the bubble crashed, and lots of people become millionaires thru their options. A large portion of those newly minted milionaires left. And silicon valley isnt going to minting many millionaires the next few years.
AnacharsisIV t1_je55jrj wrote
Not to mention the fact that housing prices in California are insane (much like NY) that over the last decade or so plenty of middle class homeowners who were able to get in when houses were affordable became millionaires simply because their house shot up hundreds of thousands of dollars in value.
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