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Started By
Message
Are wages in CA really that much higher than LA?
Posted on 4/15/16 at 10:34 am
Posted on 4/15/16 at 10:34 am
My younger sister is over there looking at houses South of Disneyland, and these prices are nuts compared to my house. One she looked at yesterday was the same quality and size as my house, but a 2/1 instead of a 2/2. I bought my house for $172k and the one she was looking at was $658k.
Also, they had it listed for rent at $2800/mo with no utilities. I only charge my baw $500/mo utilities included, and feel that's on the lower end, but fair to both of us. She'll end up paying $1500/mo just to rent the place over there, and all of the places to rent are like that.
Her city isn't a big city like L.A., but the prices are nuts. Do yall California people actually make 3-4x more wages than down here for the same job? If not, how the hell do all of those people afford that shite?
Also, they had it listed for rent at $2800/mo with no utilities. I only charge my baw $500/mo utilities included, and feel that's on the lower end, but fair to both of us. She'll end up paying $1500/mo just to rent the place over there, and all of the places to rent are like that.
Her city isn't a big city like L.A., but the prices are nuts. Do yall California people actually make 3-4x more wages than down here for the same job? If not, how the hell do all of those people afford that shite?
18
Posted on 4/15/16 at 10:36 am to Hammertime
Do you not understand the concept of higher cost of living?
Posted on 4/15/16 at 10:36 am to Hammertime
quote:
California people actually make 3-4x more wages
no, the extra $1,500 is just $18k more per year.
40k after tax LA, 58k after tax CA
Posted on 4/15/16 at 10:37 am to lsunurse
quote:
Do you not understand the concept of higher cost of living?
Posted on 4/15/16 at 10:37 am to Hammertime
quote:
I bought my house for $172k and the one she was looking at was $658k.
and you can not expect the appreciation in LA over CA
2026 yours is 250K hers is 1 million
Posted on 4/15/16 at 10:39 am to lsunurse
quote:
Do you not understand the concept of higher cost of living?
Also, WOAH nurse got a new pic.
Posted on 4/15/16 at 10:39 am to lsunurse
quote:
Do you not understand the concept of higher cost of living?
This.
Wages are higher here, but not enough to compensate for the cost of living. It's simply more expensive to live here.
Posted on 4/15/16 at 10:42 am to Kujo
quote:
and you can not expect the appreciation in LA over CA
2026 yours is 250K hers is 1 million
Or the bubble burst over there and hers is $250K less and his is still rising at a steady and healthy 2-3% appreciation per year which is what you want in a RE market. Anything more is actually dangerous.
You can't make blanket statements like the one you posted but I know you don't understand that because your whole post history shows you throw shite at walls and hope it sticks.
Posted on 4/15/16 at 10:42 am to Goldrush25
quote:
Wages are higher here, but not enough to compensate for the cost of living. It's simply more expensive to live here.
Also, we're leaving out the fact that money from outside the state of California buys up property there as well.
Not many tycoons from China or Russia want to buy a house in Louisiana for the views.
This post was edited on 4/15/16 at 10:43 am
Posted on 4/15/16 at 10:44 am to Goldrush25
quote:
It's simply more expensive to live here.
honestly?
cable bill
electricity bill
produce
schools(you don't have to go private like here)
shouldn't be higher, in fact they can be a lot lower.
Posted on 4/15/16 at 10:44 am to Goldrush25
quote:
It's simply more expensive to live here.
That's why I meet so many people from CA that move out here to AZ. They want to stay close enough to visit, but not pay CA cost of living.
Just met a woman that just moved to Scottsdale from L.A. She cracks me up, she constantly cannot get over how much cheaper everything is over here. That and traffic. She is just blown away that she can get from one place to another by car in 15 minutes
Posted on 4/15/16 at 10:48 am to Teddy Ruxpin
quote:
Not many tycoons from China or Russia want to buy a house in Louisiana for the views.
Obviously they haven't toured NO east.
Posted on 4/15/16 at 10:53 am to Kujo
quote:
and you can not expect the appreciation in LA over CA
2026 yours is 250K hers is 1 million
Had some friends live in Hermosa Beach for several years, doubled their return when they sold their house, moved to Ft. Lauderdale for way cheaper with a stack of money in the bank.
This post was edited on 4/15/16 at 10:54 am
Posted on 4/15/16 at 10:55 am to lsunurse
quote:
That's why I meet so many people from CA that move out here to AZ. They want to stay close enough to visit, but not pay CA cost of living.
but when people on here say CA sucks they get blasted...so people do move AWAY from CA
Posted on 4/15/16 at 10:57 am to lsunurse
Yes, I obviously do, but I was wondering if the wages support it. It's not like her town is much different than mine
Posted on 4/15/16 at 10:58 am to Hammertime
Those Californians don't like smoking in their bars either. They must all be communists.
Posted on 4/15/16 at 10:59 am to Hammertime
housing costs are higher bc they gotta make them earthquake proof.
j/k. frick them prices. that sucks, don't care if wages are higher too.
j/k. frick them prices. that sucks, don't care if wages are higher too.
Posted on 4/15/16 at 11:01 am to Hammertime
quote:
but I was wondering if the wages support it
Nurses in LA make like 50-60K
Nurses in CA make like 100-150K
You tell me?
Posted on 4/15/16 at 11:02 am to stout
quote:
Or the bubble burst over there and hers is $250K less and his is still rising at a steady and healthy 2-3% appreciation per year which is what you want in a RE market. Anything more is actually dangerous.
You can't make blanket statements like the one you posted but I know you don't understand that because your whole post history shows you throw shite at walls and hope it sticks.
Stout, I understand that I anger you, but you citing a bubble burst "snap shot" of real estate is at best laughable. That market has had decades of growth and a couple minor hiccups of just a few years.
So one shouldn't invest in real estate(typical long term investment), because there may be a 3-7 year stretch where valves drop? I guess no one should invest the stock market, or if they do only buy blue chips(20% the rest in CDs?).
Louisiana has good income producing property situations(10-12% cap rate), but not much in appreciation(any increase is often offset by improvements made(roof, re-paint, new appliances, etc). Major Markets have virtually no income producing opportunities(short term), but tons of appreciation potential.
Posted on 4/15/16 at 11:03 am to lsunurse
quote:
Nurses in LA make like 50-60K
Nurses in CA make like 100-150K
other factors, Union and such
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