Quote:
Originally Posted by Californialeavin
I am leaving California for good, and before I am off I would really like a good laugh, so I am asking people to give me a good reason why anyone in their right mind would buy a 500k "junker"? California is nice, but not that nice.
It just kills me when people that are "hoping" to someday own a home here use the " I can go to the beach and mountains, in the same day excuse". Yes you can, if you have any money left from your 3000 dollar morgage payment.
SO, I am asking people like me that have lived here well over 15 years- is being broke, but having the "ability" to do things really that important to people here?? We are moving to TN, we did some reasearch and not only can I probably make more there,but for 500k I can get a 4000 + square foot mansion. Not that I would do that, but knowing that I can get a similar home that would cost 600k here for 180k there- why would I stay? Oh yes, probably for the traffic, smog, or maybe the promise that I might go bankrupt someday. And for those of you that say "there might be a big tornado in TN" , when is that last time we had a "big" earthquake here?? I predict California will be bankrupt in 10 years- face the facts and get out NOW while you still have a chance to make a good life for yourself, and your family...
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I think you make a lot of valid points ... especially about disposable income. Afterall ... what good is it to live in a great area if you can't even afford to go out to dinner because your mortgage payment is too high?
And, let's face it ... everyone is going to be biased regarding their choices, whether they stay or leave. Afterall ... nobody wants to admit they made a mistake (myself included.)
But I have to take issue with some of your claims. For instance ... Tennessee salaries. You say you'll "probably" make more. And I'm sure it depends on which profession you're in but if you look at the BLS wage data ... it is one of the lowest paying states across the board. It's probably why housing prices are so cheap.
That's the tricky part of the cheaper cost of living in some states. Cheaper COL is only going to get you so far if wages are stagnant. Now, if you can find a cheap area with lots of growth potential then, it will probably be a different story.
On the other hand, growth doesn't always do the trick either. Just for illustration purposes ... one of the reasons why I decided to stay in California is because I'm an RN. And RN's here make the highest wages in the country. Nurses travel here from all over country and, even the world, because the pay is so much better.
But it's not because the hospitals want to pay more ... no industry wants to go out of their way to pay its employees more. The simple fact is, nurses make more here because California is a union state. Not that I'm trying to get into a union debate but, the fact is, they do a lot to increase wages. When you go to right to work states, wages drop like a rock in comparison. You're lucky if the wages barely keep up with the inflation.
That's why I decided to trade living on the coast and all of those amenities for a cheaper house in the California desert. I wanted a cheaper cost of living but with the higher wages that I could only get in California. Yes, I don't have the same lifestyle amenities like beaches, etc. but, on the other hand, I bank much more money which enhances my lifestyle in other ways.
So, all I'm suggesting is that if people are doing research on new places to live, they may want to thoroughly research wage history as much as anything else. Because, just based on my own experience ... cheap can easily mean stagnant wages if you're not careful about the area you choose to live.