QUOTE(KnightRider @ Apr 9 2007, 01:32 AM)

very true.
According to national stats, my family would be considered upper-middle class, maybe higher.
In California, we are just middle-class folk.
Don't forget...
1. Women get paid less than men for doing the same work.
2. Non-whites, including Vietnamese, get paid less than whites for the same work.
Thus, adjusting for "sex" & "race", Vietnamese median family income is in this very real sense... higher than that of whites--back in the year 2000!
Also, you can live like a king in LA's Little Saigon on $15/day. Great restaurant food, cheap groceries, pirated music & movies.... And restaurant tipping is practically optional.
Seriously, your "location, location, location" argument also applies to white city dwellers.
Also, LA has capped property taxes. There are many other places where a home owner with $300 K house pays more in property taxes than a guy with a $2 M home in LA. I know some Vietnamese who bought modest homes back in 1980, and now their property is worth literally like $2 M, but they are still pay 1980-level property taxes.