[quote=enron_by_the_sea]Of course the above is only looking at income. There could be few more tracts with high net wealth but smaller current income.
However, as far as I can think high income and high wealth are usually well correlated, so I wouldn’t expect a lot of them.[/quote]
certainly. I think that’s the real reason why the couple of CV tracts actually surpassed RSF Covenant as well as Fairbank Ranch.
It may be safe to use this info to figure out where “new money” is as opposed to “old money.” This also helps figure out which “newer” neighborhoods will have a better chance of becoming established well-to-do high end neighborhoods.
I saw this with Newport Beach as well, the older parts of Newport has less of the “over 200k” folks compared to the newer Newport Coast.
