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Started By
Message
re: Are wages in CA really that much higher than LA?
Posted on 4/15/16 at 11:44 am to Hammertime
Posted on 4/15/16 at 11:44 am to Hammertime
quote:Absolutely not. If they did I would move in a heartbeat. The percentages would be greatly in your favor to move there if they did
Do yall California people actually make 3-4x more wages than down here for the same job?
This post was edited on 4/15/16 at 11:45 am
1
Posted on 4/15/16 at 11:48 am to dgnx6
quote:
Housing, and gas is like 30% more than most places, but other than that almost everything is the same.
Tradable v. non-tradale goods, or why every 25 year old in Manhattan can afford a top of the line Macbook and a Kate Spade bag as they cram into 350 square foot walkup studio apartments.
Edit - also housing is way more than 30% higher. Maybe not in Stockton but in the nice parts of CA you could be looking at nominal housing prices that are triple what they are in BR and NO (outside uptown).
This post was edited on 4/15/16 at 11:50 am
Posted on 4/15/16 at 11:50 am to lsupride87
For example, you make $70,000 a year here:
After taxes, insurance, and 401k that is $3,900 a month take home
LINK
If you make $280,000 a year in Californaia
After taxes, insurance, and 401k that is $12,440 a month in take home
LINK
So you have about $8,500 more in take home a month. California will cost you nowhere near that much more a month to live there. So you would be coming out way ahead
After taxes, insurance, and 401k that is $3,900 a month take home
LINK
If you make $280,000 a year in Californaia
After taxes, insurance, and 401k that is $12,440 a month in take home
LINK
So you have about $8,500 more in take home a month. California will cost you nowhere near that much more a month to live there. So you would be coming out way ahead
This post was edited on 4/15/16 at 11:51 am
Posted on 4/15/16 at 11:50 am to Hammertime
By 2/1 do you mean 2 br 1 bath? If so $2800 is very high for that in the Anaheim area.
Eta
No
Eta
quote:
Do yall California people actually make 3-4x more wages than down here for the same job?
No
This post was edited on 4/15/16 at 11:52 am
Posted on 4/15/16 at 11:51 am to dgnx6
(no message)
This post was edited on 6/25/17 at 7:32 pm
Posted on 4/15/16 at 12:06 pm to Hammertime
The town I live in is a nice town in a perfect location in LA county. Less than a 1/2 mile to the beach and no crime. To buy a 2 bedroom move-in ready house is $1 million--and they only stay on the market for maybe 3 days. More often than not the seller gets more than the initial listing price.
It is insane. My family owns commercial and residential property here that was purchased years ago. It's crazy what it could be sold for now.
It is insane. My family owns commercial and residential property here that was purchased years ago. It's crazy what it could be sold for now.
Posted on 4/15/16 at 12:16 pm to Hammertime
quote:
Her city isn't a big city like L.A.,
If she's by Disneyland, she's in Orange County which is typically more affluent.
quote:
Do yall California people actually make 3-4x more wages than down here for the same job?
I do not make 3-4X for my job out here. I do make more but it's not a COL ratio difference.
quote:
If not, how the hell do all of those people afford that shite?
We are broke jokes
There was an article out here last weekend that median rent for a 1/1 in the L.A. area is supposed to be just under $2000 within the next year.
My friend is looking at condos in Westwood, 1/1 900 square feet, $600K.
Good luck to your sister.
Posted on 4/15/16 at 12:20 pm to little billy
quote:Yes, in Orange (the city). They are talking to someone right now about a 1500sqft 3/3 for $4200/mo bills included. I rented a decent 3/3 in BR for $1650/mo
By 2/1 do you mean 2 br 1 bath? If so $2800 is very high for that in the Anaheim area.
This post was edited on 4/15/16 at 12:23 pm
Posted on 4/15/16 at 12:21 pm to slackster
quote:
Overtime is accrued on a daily basis
I know mine is. I get paid OT for anything over 8 hours per day.
Posted on 4/15/16 at 12:22 pm to El Segundo Guy
I live in the Central Valley and I recently priced what it would take yo move into LA county. I'm in an 1800 sq ft home now and busying at the seams with one kid. I bought the house new for 219 which is now listing for 268k. At a minimum, the only thing comparable was a new construction condo for 550k in Santa Clarita. The second option was semi valley for 600k.
Our career plans quickly changed after the sticker shock and we will be looking towards Denver as our next option when oil comes back up and starts hiring. We don't want to raise kids in LA county with a mortgage that size. I think southern Cali has got to see a population shift in the next 25 years due to housing prices. Our household income is over the 75th percentile and we cannot afford LA.
Our career plans quickly changed after the sticker shock and we will be looking towards Denver as our next option when oil comes back up and starts hiring. We don't want to raise kids in LA county with a mortgage that size. I think southern Cali has got to see a population shift in the next 25 years due to housing prices. Our household income is over the 75th percentile and we cannot afford LA.
Posted on 4/15/16 at 12:24 pm to Hammertime
Need pics of said sister to accurately respond.
3rd page ..... You people are slipping
3rd page ..... You people are slipping
Posted on 4/15/16 at 12:25 pm to The Goon
With prices being that high and wages (except for nurses) not following, I'd imagine a lot of the people out there are either upside-down or struggling with their notes and insurance
Posted on 4/15/16 at 12:29 pm to Hammertime
If you stayed in your home after the financial collapse, prices are around where they were. Most of the people I've heard of who went bankrupt were the people who took out an arm for a spec house and couldn't afford the payments after the teaser rates. These were doctors and lawyers investing in the housing market and lost everything.
Posted on 4/15/16 at 12:31 pm to Hammertime
The apartments my family owns are small 2/2. They rent them for $1900. The nice 3 bedroom house is $3200.
And for the most part, wages do not correspond to the high housing costs. My wife is an RN and does not make a ton more in CA than she did in OK. Somewhere around $10-15 an hour more. That's it.
And for the most part, wages do not correspond to the high housing costs. My wife is an RN and does not make a ton more in CA than she did in OK. Somewhere around $10-15 an hour more. That's it.
Posted on 4/15/16 at 12:33 pm to Kujo
quote:
That market has had decades of growth and a couple minor hiccups of just a few years.
That market? You can't lump it all in as a whole. Many areas in Cali aren't even where they were pre 2007-08 pop FYI.
quote:
So one shouldn't invest in real estate(typical long term investment), because there may be a 3-7 year stretch where valves drop?
There you go again with ignorance, blanket statements, and assumptions. I was simply pointing out that your simplistic ways of looking at things is ignorant.
quote:
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.
I like how Googled something, changed the wording a little, then passed it off as if you really knew this. We have all read your post to know better.
Posted on 4/15/16 at 12:33 pm to Hammertime
quote:
1500sqft 3/3 for $4200/mo bills included
Must be a pretty nice place
Posted on 4/15/16 at 12:37 pm to little billy
Nothing spectacular. Just a mid-1920s place that got renovated a few years ago to look farm house old school style. It doesn't blow me away or anything. Like I said earlier, these houses aren't much different than my house. A quarter of them don't even have A/C or alarms, but still command high prices
This post was edited on 4/15/16 at 12:39 pm
Posted on 4/15/16 at 12:39 pm to Hammertime
Old Towne Orange is a really nice area.
Posted on 4/15/16 at 12:42 pm to Kujo
quote:
what's better, to be part of the movement and steer it in a more amicable direction, or to be completely against it and later then forced to adopt whatever "they" decide?
I would rather fight it and adapt when I have to....that is how most people are with change
Posted on 4/15/16 at 12:45 pm to little billy
So it's generally more expensive than the surrounding areas? That would make a little more sense if so, but there didn't seem to be many formal places of business there when I went
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