Earlier quoted context omitted.
You think there's poor people in Pala Alto, CA, huh? Wikipedia has per capita income in Palo Alto, CA as $56,257. http://en.wikipedia.org/wiki/California_locations_by_per_cap...
Given the number of people whose income is over $56K, that implies that there are just as many, if not more, people whose income is below that.
Go find me a place IN Palo Alto someone whose income is $10,500 a year can pay what the US Fed. Gov't standard for what it considers reasonable rent... 30% of one's income to live IN Palo Alto.