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re: Are wages in CA really that much higher than LA?
Posted on 4/15/16 at 12:46 pm to Hammertime
Posted on 4/15/16 at 12:46 pm to Hammertime
I'll say this, my recent job search was nationwide. I ended up getting an offer in the San Francisco Bay Area. A few interviews here and there, and the guy gives me an offer. I won't go into too much detail, but I literally laughed at the guy and told him I was not going to take a 30% pay cut to move from the south, where shite is cheap, to Northern California.
He actually ended up contacting me to say he hired someone that has a CDL (I don't) for $24/HR and that I should use that to gauge my expectations. I literally laughed again and asked him if he had anything better to do than call me to tell me about his new hire.
He actually ended up contacting me to say he hired someone that has a CDL (I don't) for $24/HR and that I should use that to gauge my expectations. I literally laughed again and asked him if he had anything better to do than call me to tell me about his new hire.
1
Posted on 4/15/16 at 12:49 pm to El Segundo Guy
quote:
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.
So between $20,000 and $30,000 more per year? That is not insignificant. Let's say that equates to $1,000-$1,500 per month more in take home pay - that is equivalent to the principal and interest payment difference between a $200k house and a $400-$500k home.
I'm aware it is not that simple, but it is still significant.
Posted on 4/15/16 at 12:50 pm to stout
quote:
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.
a wise man can act a fool, but a fool can never act wise
Posted on 4/15/16 at 12:51 pm to thegreatboudini
Most of our former employees had cdls to move rigs from lease to lease. Anyone layed off with a cdl is going to apply for a trucking job right now. I'd expect a tight labor market for the transportation industry in the region. There's plenty of oil and gas workers looking for work.
Posted on 4/15/16 at 12:55 pm to Hammertime
When I think of Old Towne Orange I think walking distance to The Circle which is a really nice historical area. Not a lot of chains or corporate businesses. Lots of trendy restaurants, bars, and shops. For $4200 a month in Orange for a 3 br they better be in a real nice area.
Posted on 4/15/16 at 12:57 pm to Hammertime
Prices are higher bc CA is more desirable. Wages are also higher, but not enough higher to justify/make up for the real estate prices. Cities like SF and L.A. Are really having problems with any govt workers being able to afford to live there. Thus the ridiculous commutes from outlying areas that are more affordable(still not cheap).
Posted on 4/15/16 at 12:59 pm to Mung
quote:
Prices are higher bc CA is more desirable
That's true for the most part. A guy told me a while back that if you are in SoCal that you have the best access to the 3 Ws. Women, Weather and Weed. Go figure.
Posted on 4/15/16 at 1:04 pm to The Goon
quote:
we will be looking towards Denver as our next option when oil comes back up
So you won't be moving to Denver.
Posted on 4/15/16 at 1:12 pm to slackster
quote:
So between $20,000 and $30,000 more per year? That is not insignificant
I agree that it's not insignificant at all. However it's not just housing costs. Gas, taxes, food, etc. are way higher. That additional income doesn't go as far as it would seem.
Posted on 4/15/16 at 1:15 pm to Hammertime
In some industries and in some areas they are paying a lot of money IF you're talented. We had a guy we hired around 5 years ago who got insanely good at programming. He moved to California and makes around a quarter million a year and is not in management. He has a cool house that he sinks a lot of his income into but when he retires he will have a massive amount of equity. He was fat when he moved there but now he does a lot of outdoors activities and lost a lot of weight. Needless to say we weren't able to get him back.
Someone with my skill set, a middle manager and a non-programmer would NOT make a lot more in CA than in La. Nurses seem to do really well there too.
If you're run of the mill office farm talent then you're probably better off elsewhere.
Someone with my skill set, a middle manager and a non-programmer would NOT make a lot more in CA than in La. Nurses seem to do really well there too.
If you're run of the mill office farm talent then you're probably better off elsewhere.
This post was edited on 4/15/16 at 1:21 pm
Posted on 4/15/16 at 1:17 pm to El Segundo Guy
quote:
That additional income doesn't go as far as it would seem.
Yeah I get that. The trade off should be things like public schools or location or else it isn't worth it.
Posted on 4/15/16 at 1:20 pm to slackster
Correct. Every $10k after taxes you pull in affords you $150k more in home.
If you pull in $30k more combined you can go from a $250k home to a $700k home. Just do $550k to give yourself some wiggle room. Best part is that the money isn't completely burnt. You keep some equity.
If you pull in $30k more combined you can go from a $250k home to a $700k home. Just do $550k to give yourself some wiggle room. Best part is that the money isn't completely burnt. You keep some equity.
Posted on 4/15/16 at 1:20 pm to Mung
quote:You smoking rocks?
Prices are higher bc CA is more desirable
Posted on 4/15/16 at 1:24 pm to Hammertime
quote:
Do yall California people actually make 3-4x more wages than down here for the same job?
I know they don't. My brother moved to San Diego. He makes about 10% more than he would in the midwest. His wife makes about 20% more. They had a $400,000 house that is much nicer than the one they are renting (it would cost them right at $1,000,000 to buy). A lot of people just can't afford to move to California. And there are plenty of Californians cashing in and moving to places like Washington, Oregon, Colorado. And they are driving up housing costs there.
Posted on 4/15/16 at 1:24 pm to 13SaintTiger
quote:
So you won't be moving to Denver.
Excess supply is expected to be gone by q3 of this year with price increases in q4. I'm thinking a stable market for 2017 with hiring and some capital expansion then. I'll have over five years experience and hopefully a PE on my resume. I'll make it happen.
Posted on 4/15/16 at 1:24 pm to Hammertime
Theres a nurse from the OT that works in L.A and she rakes in 250K/yr.
Posted on 4/15/16 at 1:26 pm to Hammertime
quote:
Are wages in CA really that much higher than LA?
it depends on what you do and where. But in general, yeah.
My friend who teaches in CA, high school history, makes 90k.
I know we are having a hard time finding anyone in the bay area that wants less than 200k for our open HC.
Posted on 4/15/16 at 1:44 pm to Hammertime
Mortgages up to 50 years are also very common in California, obviously few people have 15 year mortgages. You either are wealthy and pay cash or it takes you a Shite ton of years to pay it off.
Those that don't buy a house rent a lot smaller places to live generally. Your average house in cali is going to be a lot smaller.
There's a reason people leave California to "keep" more of their money even though their salary and income may be more in California.
You can't really "cash in" by paying more for housing even if it depreciates more, as you are also paying a butt load more for insurance, utilities, and especially property taxes.
Those that don't buy a house rent a lot smaller places to live generally. Your average house in cali is going to be a lot smaller.
There's a reason people leave California to "keep" more of their money even though their salary and income may be more in California.
You can't really "cash in" by paying more for housing even if it depreciates more, as you are also paying a butt load more for insurance, utilities, and especially property taxes.
This post was edited on 4/15/16 at 1:48 pm
Posted on 4/15/16 at 1:52 pm to Hammertime
The dude says hello
Posted on 4/15/16 at 1:54 pm to Hawkeye95
I'll take the job for $195k
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