"Do you have any idea how it feels to be a 26 years-old in Palo Alto with less than $10 million in liquid assets? It’s, like, depressing.” Oh, The Shame of a Seven-figure Net Worth. (banneradconfidential.com, which is a fake/satire news site, so don't get too outraged)

  • mappo

    I like his second quote better:  “I mean, I’ve been out of college for almost four years and I still have to fly commercial. I feel like a complete asshole.”

    Christ, what an…oh, you already said that.

  • The Tandalou Eshvey

    That website says “Fake news and real rants on the world of tech and media.”

    So is this fake news or a real rant?

    • jandrese

      Why can’t it be both?  Real rants with fake news is a nice succinct summary of the Daily Show, et all. 

  • Jonathan Roberts

    That’s terrible. Maybe we could spare some of our personal information to help these poor, poor people. Dig deep folks.

  • bshock

    I know the line about $10 million in Palo Alto is just a joke, but for those of you who live far from the Bay Area, it’s not actually that much of a joke.  If you want a decent chance at a house in Palo Alto, you’re looking at about $2 million right there.  Earlier this year you might’ve been able to find a place in East Palo Alto (the high-crime area where the servants live) for less than $500k, but the flippers found out about it, bought up everything, slapped on a coat of paint and some cheapo carpet, and then added $100k to the price tag… which will still mean it’s snapped up within about three days on average.

    And that’s no joke.

    • EH

      Why is being *in* PA so important? None of the relevant companies are actually in PA, and there are plenty of places within commuting distance of peoples’ jobs, even 15min driving.
      http://www.redfin.com/homes-for-sale#!disp_mode=M&lat=37.442535623965654&long=-122.17735296874184&market=sanfrancisco&max_price=500000&pkg=1-&sf=1,2&uipt=2,1&v=8&zoomLevel=12

      • novium

        I don’t know about that. I’ve got a friend who just got married and lives in Sunnyvale. She and her now-husband have been looking to buy a house for the last year- and not just in Sunnyvale, anywhere within reasonable commuting distance (about an hour of driving time, factoring in a normal level of traffic) of their respective workplace and they’ve had no luck. They’re looking at the lowest of the low end- houses that have had most of the plumbing stripped out, houses missing a good chunk of the roof, in bad and scary areas, etc etc, and these things are selling for 500, 600k. And they’re selling for *cash* before they can even so much as get an offer in. It’s crazy. 

    • niktemadur

      Insane but true, I remember a news report about families with a lower 6-digit income, living in homeless shelters.

      But like @boingboing-f35fd567065af297ae65b621e0a21ae9:disqus says, one could find a very nice home at a relatively short distance AND have money to buy a bitchen’ hybrid car, or better yet, a hybrid diesel!

    • travtastic

      It is a joke. By your account, $10 million is being able to buy 5 Palo Alto houses in cash. If you can by one house in cash at national average pricing, you’re past the point of being rich, and being able to receive sympathy.

  • Jeremy Pickett

    At first I thought maybe some of the quotes had just been added for color, but after I got to the ‘Jerk-Quil’ i laffed out loud and just enjoyed the rest of the article.  $250k to totally disrupt the south beach surf industry–comedy gold!

    • cdh1971

      Jeremy – this is a stab in the dark, but did you work for Symantec in the late 90′s?  ’Cause if you did, you were very effective (and good-natured) at internal IT support. Anyway, Many-thanks for putting up with us.