Privacy, massage rooms and 20,000 square feet: A rich millennial?s home shopping

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By the numbers

Young Aristocrats

Average age: 37
Average household ncome: $427,000
Average assets to invest: $4.7 million
Grew up rich as a teen: 41%
Inheriting $1 million or more: 58%

Luxury Loyalists:

Average age: 57 years old
Average household income: $443,000
Average assets to invest: $5.7 million
Grew up rich as a teen: 30%
Inheritance of $1 million or more: 47%

Combined:

Average age: 41
Average household income: $431,000
Average assets to invest: $5 million
Grew up rich as a teen: 38%
Inheritance of $1 million or more: 56%

The survey was conducted Dec. 9-18 2017 with varying margins of error.

Source: Luxury Portfolio International

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Now asking

Got money to burn? Average list prices around Orange County as of Jan. 25:

Anaheim Hills: $1.1 million

Corona del Mar: $4.4 million

Coto de Caza: $2.5 million

Dana Point: $4.5 million

Dove Canyon: $1 million

Huntington Beach: $1.4 million

Irvine: $1.7 million

Ladera Ranch: $1.8 million

Laguna Beach: $5.7 million

Laguna Hills: $1.5 million

Laguna Niguel: $1.5 million

Newport Beach: $3.2 million

Newport Coast: $7 million

North Tustin: $1.7 million

Rossmoor: $1.5 million

San Clemente: $2.3 million

San Juan Capistrano: $2.1 million

Talega: $1.3 million

Tustin: $1.1 million

Villa Park: $1.7 million

Yorba Linda: $1.4 million

All of O.C.: $1.8 million

Source: Reports on Housing
https://www.ocregister.com/2018/02/...e-feet-a-rich-millennials-home-shopping-list/
 
Interesting that they (combined) have more than 10x investable assets compared to income . How nice to have inheritance to boost you up the food chain.
 
A lot of the "inheritances" for the young aristocrats must be from grandparents.  I can't see 58% of that age group having lost their parents.
 
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