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Trying to argue that the drive from Dallas to the gulf is comparable to Los Angeles and its beaches...what lunacy!
L.A. eats Dallas alive without burping. It's more expensive, sure. So is every other global city on Earth.
Lets talk about what is important. The beaches are not even very important to the majority of the people in Los Angeles area, as most of them rarely go to the beaches.
But the thing about California, when the median salary is adjusted for cost of living, the median salary in California falls into the bottom 40% of median salaries in states in the entire country.
Sad News: More than 38% of Los Angeles County’s population live in “economic hardship”
The worst of any major city in the U.S. This is from the people that know what is going on in the area, helping cope with this problem every day. Information is current as of today.
When someone says that LA eats Dallas alive without burping, is not being realistic. They are talking how good it is for the top level, but the majority of the people are not in the top level, they are in the middle and lower levels.
For years, the middle jobs have been disappearing, and the increase in employment is in the lower level. This is the reason that 38% of the people in the county are living under economic hardship.
The ones that are doing well, do not accept the fact that a huge percentage of the people are not doing very well, and then the ones just above them are just getting by. They don't care about those less fortunate than themselves. As long as they do well, and can go play at the beach, everything is great in their opinion. They refuse to see everyone else or care about them, is the attitude I keep seeing from this group.
Lets talk about what is important. The beaches are not even very important to the majority of the people in Los Angeles area, as most of them rarely go to the beaches.
But the thing about California, when the median salary is adjusted for cost of living, the median salary in California falls into the bottom 40% of median salaries in states in the entire country.
Sad News: More than 38% of Los Angeles County’s population live in “economic hardship”
The worst of any major city in the U.S. This is from the people that know what is going on in the area, helping cope with this problem every day. Information is current as of today.
When someone says that LA eats Dallas alive without burping, is not being realistic. They are talking how good it is for the top level, but the majority of the people are not in the top level, they are in the middle and lower levels.
For years, the middle jobs have been disappearing, and the increase in employment is in the lower level. This is the reason that 38% of the people in the county are living under economic hardship.
The ones that are doing well, do not accept the fact that a huge percentage of the people are not doing very well, and then the ones just above them are just getting by. They don't care about those less fortunate than themselves. As long as they do well, and can go play at the beach, everything is great in their opinion. They refuse to see everyone else or care about them, is the attitude I keep seeing from this group.
Yeah, if you live in Dallas you can afford to drive to the beach and ...back.
Lets talk about what is important. The beaches are not even very important to the majority of the people in Los Angeles area, as most of them rarely go to the beaches.
But the thing about California, when the median salary is adjusted for cost of living, the median salary in California falls into the bottom 40% of median salaries in states in the entire country.
Sad News: More than 38% of Los Angeles County’s population live in “economic hardship”
The worst of any major city in the U.S. This is from the people that know what is going on in the area, helping cope with this problem every day. Information is current as of today.
When someone says that LA eats Dallas alive without burping, is not being realistic. They are talking how good it is for the top level, but the majority of the people are not in the top level, they are in the middle and lower levels.
For years, the middle jobs have been disappearing, and the increase in employment is in the lower level. This is the reason that 38% of the people in the county are living under economic hardship.
The ones that are doing well, do not accept the fact that a huge percentage of the people are not doing very well, and then the ones just above them are just getting by. They don't care about those less fortunate than themselves. As long as they do well, and can go play at the beach, everything is great in their opinion. They refuse to see everyone else or care about them, is the attitude I keep seeing from this group.
Yeah, if you live in Dallas you can afford to drive to the beach and ...back.
You can drive from a crappy beach back to a craptastic city. Congrats, I guess.
The concept of supply and demand eludes the CA hater's grasp. That's what makes that supplemental poverty measure oldtrader harps on so flawed--it assumes that every city on Earth has equal desirability, and cheaper automatically means better.
Buffalo is way cheaper than San Francisco--Buffalo must be better! Detroit proper has cheap housing, it must be one of the world's great cities! Poor poor logic.
Lets talk about what is important. The beaches are not even very important to the majority of the people in Los Angeles area, as most of them rarely go to the beaches.
But the thing about California, when the median salary is adjusted for cost of living, the median salary in California falls into the bottom 40% of median salaries in states in the entire country.
"What is important" is an individual matter, you continuously speak as if there is one set of "what is important" and there isn't. For some people, being next to the California beaches is most definitely important while for others its not.
As I've already pointed out, "the cost of living" is variable and can be controlled for. "Cost of living" is determined by comparing an apples-to-apples lifestyle yet different regions have different lifestyles. People live in smaller homes in large metro areas and this helps manage their "cost of living", families may own one car instead of two (which is easily done in major cities, not so much in suburbs and rural areas) and so on.
Also, the income statistics in Los Angeles are highly distorted by its large immigrant population. This population has a lot of unreported income and they are also more likely to barter with each other which doesn't get reported either. An area where everyone earns $200 and then hires a plumber will look more affluent than an area where people barter with plumbers...yet both areas are receiving the same services.
Yeah, if you live in Dallas you can afford to drive to the beach and ...back.
In most of the country, people live without a beach. A beach is only important to a small portion of people. Even those living in the Los Angeles area, most are not all going to the beach on rare occasions or consider the beach important as judging a place to live.
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As I've already pointed out, "the cost of living" is variable and can be controlled for. "Cost of living" is determined by comparing an apples-to-apples lifestyle yet different regions have different lifestyles. People live in smaller homes in large metro areas and this helps manage their "cost of living", families may own one car instead of two (which is easily done in major cities, not so much in suburbs and rural areas) and so on.
In Los Angeles county, the majority (majority means over 50%) do not own their own home, as they cannot afford to buy. In Dallas the majority owns their own home.
The reason that people in Los Angeles own less than people in Dallas as an example, is they do not make enough money to own more of the things they need. As to immigrant population,
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Also, the income statistics in Los Angeles are highly distorted by its large immigrant population. This population has a lot of unreported income and they are also more likely to barter with each other which doesn't get reported either. An area where everyone earns $200 and then hires a plumber will look more affluent than an area where people barter with plumbers...yet both areas are receiving the same services.
Yes Los Angeles has a large immigrant population. The percentage of Hispanic population of California and Texas are exactly equal according to the Census Bureau , so Los Angeles is not alone in this situation.
In other words, you think that poor people that barter to he able to live, are equal to those that earn enough money they can afford the necessities of life. They will tell you, you are crazy if you think that. One is doing well, and another is living in abject poverty. But apparently to you that is O.K.
In Los Angeles county, the majority (majority means over 50%) do not own their own home, as they cannot afford to buy. In Dallas the majority owns their own home.
As always, you're trying to make things sound worse than they are. Let's cite the actual numbers, the home ownership rate in Los Angeles is 48% and the ownership rate in Dallas is 54%....a difference of 6%. By no means dramatic and should be expected since Los Angeles is an older growth city, the ownership rate of Dallas will fall as the city matures.
This is not to mention that Los Angeles is home to a few top ranked (and large) universities, has long been a beacon for young adults trying to make it in the music, movie, etc industries, etc and these populations tend to be transient and rent.
You're just trying to interpret things in the way that fits your bias.
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Originally Posted by oldtrader
In other words, you think that poor people that barter to he able to live, are equal to those that earn enough money they can afford the necessities of life. They will tell you, you are crazy if you think that.
Yes, I think that because, as I noted, the same services are being performed. Whether money changes hands doesn't matter. And no, they won't tell me that I'm crazy, because they are receiving the same services while avoiding taxes!
I make plenty of money, but given the opportunity I'd much rather barter (or trade) with someone that exchange dollars.
Just had another big client inform me that he coming back from Huston to San Diego, seems nobody ever talks about how the property tax rate in Dallas and Huston are 3.5x that of San Diego.
By no means dramatic and should be expected since Los Angeles is an older growth city, the ownership rate of Dallas will fall as the city matures.
It seems like you don't realize, that Dallas/Ft Worth has been maturing a long time, and is not a new city. In fact many of the top people in the country realize that is so.
As the 1980s came to a close, Fortune Magazine named Dallas/Fort Worth -- site of many major corporate relocations -- the No. 1 business center in the land.
Major corporations have realized this fact, and have been moving to Dallas for a long time. Fortune Magazine realized it over 20 years ago and gave them credit for this happening.. And it has been accelerating since then.
Of the companies on the Fortune 500 Global List:
California 53 beats Texas who has only 52. Of course California has more people at 37,253,956, and Texas only has 26,932,619. On a per capita basis, Texas if beating the heck out of California for number of Fortune 500 companies that have their headquarters there.
Having those companies in Texas plus the companies in California, etc., putting their manufacturing there gives them a far lower unemployment rate than California.
The real unemployment for California is 18.3%. Texas is 11.6%. This is a strong indication of the differences in the job picture between the two states. It shows that new Texas jobs are heavier in full time employment, and California is heavier in part time employment than Texas. It shows that Texas is hiring less temporary employees than California. It shows less people in Texas giving up hope of a new job, than in California leaving California leading in discouraged job seekers.
Texas has long ago fully recovered from the recession, and California is still mired in it.
Instead of trying to prove how great California is, it is time to take off the rose colored glasses, and start trying to figure out how California can again become a great state with a true future for all its residents instead of one on the decline.
Figure out how to bring back the jobs for the middle class, is the first step that needs taken.
Just had another big client inform me that he coming back from Huston to San Diego, seems nobody ever talks about how the property tax rate in Dallas and Huston are 3.5x that of San Diego.
They are higher but the home cost is less, so it evens out. I had a home in the Dallas area, 1800 sg ft, 25000 gallon swimming pool, spa, 3.5 acres and a 1500 Sq Ft barn and 3 out buildings, a nice 12 X 15 room built for my wife by the pool, 1 mile from the city limits of the nearest city and 20 minutes from Dallas. All lots were 3.5 acres or larger and while you could see your neighbor to wave, that was about it. Just my wife and I living there. Wanna guess what that would be worth in So Cal???????
OK, then I moved to Riverside County and bought a 3000 sq ft home on a 7000 sq ft lot and built in a very small pool as that was all the lot would allow. Nice area and near to shopping etc, just as the TX home was. OK, bigger home, wayyyy smaller lot, smaller pool and no barn, no outbuildings and neighbors 12 feet away. Oh the home cost almost twice as much as well in the year .... 2000.
Property taxes were ............... identical and no Mello Roos on my CA property. The tax rate is higher but the home cost is wayyyy lower in TX and you get more.
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