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Started By
Message
re: $250,000 income qualifies you for subsidized housing
Posted on 3/23/16 at 10:28 am to northshorebamaman
Posted on 3/23/16 at 10:28 am to northshorebamaman
quote:
Well, it can happen any day now. I grew up in Palo Alto and we were priced out almost 30 years ago. Prices keep rising.
When my Dad retired from Stanford, he just rented his house in Palo Alto for years and years. When I came back to Palo Alto last year, I just moved into the house. I would hate to buy something in this market. I have the money. It just seems stupid to pay that much for a house.
1
Posted on 3/23/16 at 10:32 am to LSUSUPERSTAR
quote:
That is a local community making a decision. Palo Alto isn't cheap and if they have approval from their constituents, that is their business.
And when California comes to fedgov for a bailout because they won't cut spending? Who's business is it then?
Posted on 3/23/16 at 10:33 am to Allyn McKeen
quote:
When my Dad retired from Stanford, he just rented his house in Palo Alto for years and years. When I came back to Palo Alto last year, I just moved into the house. I would hate to buy something in this market. I have the money. It just seems stupid to pay that much for a house.
It's OOC. My folks had a 3 bd place on Park Blvd with a nice backyard in the 80's and they both worked at a lumber yard.
Posted on 3/23/16 at 10:42 am to BugAC
quote:
And when California comes to fedgov for a bailout because they won't cut spending? Who's business is it then?
I believe they are now running a $2 billion surplus.
Posted on 3/23/16 at 10:50 am to High C
quote:It already has. The price is set at the demand. There are rich people just willing to pay those outlandish prices. If there was land available, a contractor and developer would make a small fortune just by reducing prices by 25%
Yes, supply and demand will eventually kick in.
Posted on 3/23/16 at 10:54 am to MontyFranklyn
I'm not reading the whole thread, but from what I understand, the housing situation in that part of California has more to do with ridiculous zoning/building restrictions than almost anything else.
Posted on 3/23/16 at 10:54 am to MontyFranklyn
I work for a tech company but not in SV. Its unreal how much people pay for housing out there. Its not uncommon for rent to be $4k on a 1000 sq ft house in a shitty hood.
Posted on 3/23/16 at 10:57 am to Restomod
quote:
What if the husband wants it?
Then he deserves to be poor with that kind of fiscal irresponsibility to have a mortgage that high of % of net income.
Posted on 3/23/16 at 10:58 am to Y.A. Tittle
quote:If the prices are inflated across the board than they are just essentially screwing the people which is sad.
I'm not reading the whole thread, but from what I understand, the housing situation in that part of California has more to do with ridiculous zoning/building restrictions than almost anything else.
Posted on 3/23/16 at 11:05 am to mikelbr
quote:
And what idiot is marrying a count who demands a house that costs $3k a month.
Just FYI, a one-bedroom apartment out here costs upwards of $1500 a month. $3K per month rent house is not really all that expensive. It's about average for a decent area. A nice area will cost you a LOT more.
And I'm nowhere near Palo Alto.
This post was edited on 3/23/16 at 11:05 am
Posted on 3/23/16 at 11:08 am to djangochained
quote:
Not that much $ for a family
Disappointed it took 3 responses before this. Ot is going downhill
Posted on 3/23/16 at 11:09 am to djangochained
quote:
djangochained
quote:
want more for my family than comfort
250k is $10,416 every 2 weeks. Who can afford shite on that meager salary.
What sort of work do you do
This post was edited on 3/23/16 at 11:11 am
Posted on 3/23/16 at 11:11 am to yellowfin
I was wondering that too. Most of your typical private Catholic schools in Louisiana are nowhere near that each month. Hell, some are $5400 a year.
Posted on 3/23/16 at 11:14 am to ladytiger118
quote:
Most of your typical private Catholic schools in Louisiana are nowhere near that each month. Hell, some are $5400 a year.
average tuition for private school in Palo Alto is $20K+ per kid. One of my coworkers has 3 kids in Catholic School in L.A. and they pay roughly $12K per kid per year.
This post was edited on 3/23/16 at 11:16 am
Posted on 3/23/16 at 11:15 am to mikelbr
quote:
Then he deserves to be poor with that kind of fiscal irresponsibility to have a mortgage that high of % of net income.
Posted on 3/23/16 at 11:16 am to NoHoTiger
Obviously if we're talking about Cali then $250k for a family isn't much.
If we are talking about Louisiana, posters like django saying that isn't much are full of BS.
If we are talking about Louisiana, posters like django saying that isn't much are full of BS.
Posted on 3/23/16 at 11:16 am to NoHoTiger
quote:Why not go to public school there though?
average tuition for private school in Palo Alto is $20K+ per kid
Posted on 3/23/16 at 11:17 am to High C
quote:
Palo Alto Vice Mayor Greg Scharff
Hmmm wonder what party he votes for.
Posted on 3/23/16 at 11:17 am to lsupride87
quote:exactly. Steve jobs and Larry Ellison types haven't injected some quality into the school systems there?
Why not go to public school there though?
Posted on 3/23/16 at 11:18 am to NoHoTiger
Note to self: Don't move to Palo Alto
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