Still mostly million dollar plus homes. 8-12 times what my Midwestern home is worth. Hell, a freaking empty lot in Altadena is worth more than my house.
That doesn't necessarily make them rich. The combined salaries of my partner and I would make us "rich" in some parts of the country but we rent an apartment and almost live paycheck to paycheck.
Some people can spend $50m a year. Just because you can spend it all doesn’t mean you are not rich. Also, there mere existence of richer people doesn’t make you not rich.