On Oct 16, 2008, at 9:15 PM, Joseph Catron wrote:
> You'd be surprised how many guys have worked in the construction
> trades for a few decades and have several hundred thousand dollars in
> the bank. Neighborhoods like Bay Ridge and Howard Beach, not to
> mention large portions of Staten and Long Islands, are full of this
> type.
Really? Having six figures in financial assets (excluding housing) would put you above the 80th percentile of the wealth distribution. I'm skeptical that these middle-income neighborhoods are "full" of 80+ percentilers.
Doug