The rise of the six-figure income

Who can afford a median priced home in Southern California these days? Well-off people, of course. In his OC Register blog on real estate, Jonathan Lansner notes that between 1999 and 2005, Orange County added 71,000 households with incomes of $100,000 or more - a 32 percent increase. Households making less than six figures fell by 36,000, or five percent. Separately, Lansner mentions that Citigroup analyst P.J. Juvekar is telling clients that paint-related companies are likely to take a hit because of softness in the real estate market.


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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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