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Old 03-14-2019, 06:43 PM
 
4,622 posts, read 3,011,776 times
Reputation: 6809

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Quote:
Originally Posted by CA4Now View Post
This is absolutely untrue.
It's amazing that we have well over 10 million people in LA County and more arriving every day yet nobody can afford it.
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Old 03-14-2019, 07:15 PM
 
1,054 posts, read 415,068 times
Reputation: 1219
Quote:
Originally Posted by Hiruko View Post
I agree that property taxes aren't relevant to the OP as a renter. However, I do want to say that property taxes in Illinois are extremely high. My property taxes in suburban Chicago are more than quadruple what a home of equivalent valuation would be in Los Angeles. Even so, a home of equivalent valuation in Los Angeles is much smaller. All-in-all, I think homeownership for the OP is a much more attainable in Chicagoland.



I think you know your answer then. You aren't overreacting.
I was trying to gauge if people felt that salary would be fine. I never once stated I was trying to replicate the standard of living I have here in Chicago,
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Old 03-14-2019, 07:25 PM
 
Location: Scottsdale az
589 posts, read 485,335 times
Reputation: 539
I'm originally from Chicago and living in socal.
In socal a car is a must, whereas if you live in cook county you can get away with public transit. To me the weather alone says LA has a edge, but living in LA is completely different from visiting.
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Old 03-14-2019, 07:26 PM
 
Location: Evanston & Lake Forest, Illinois
1,136 posts, read 517,132 times
Reputation: 1513
Quote:
Originally Posted by ryanms3030 View Post
It's amazing that we have well over 10 million people in LA County and more arriving every day yet nobody can afford it.
Immigrants. Just like Chicago.

People do a lot of things they can't afford. It's not so hard to comprehend.

Quote:
Originally Posted by frimpter928 View Post
I was trying to gauge if people felt that salary would be fine. I never once stated I was trying to replicate the standard of living I have here in Chicago,
Good. Only you can establish what you are comfortable with.
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Old 03-14-2019, 08:08 PM
 
215 posts, read 71,063 times
Reputation: 251
Quote:
Originally Posted by Vic Romano View Post
If you're renting property tax is irrelevant. And if you buy an older house in So. Cal., without the extra assessments the property taxes aren't quite so high on a percentage basis. In terms of the state income tax, both Illinois and California have state income tax, so perhaps a slight difference, not much.

You're not moving to Phoenix so why even bring that up? Did your model for Phoenix consider utility costs for AC in the summer?



Yes, the humid summers, feet of snow and the arctic blast...

To the OP, it can be done if you're smart about it. It's a different lifestyle than Chicago for sure, but at $90+k you shouldn't be suffering. Go for it.
1) Property taxes are baked into rent, a landlord is not going to lose money. 2) Phoenix will happen soon enough.
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Old 03-14-2019, 08:11 PM
 
215 posts, read 71,063 times
Reputation: 251
$80k is a struggle in L.A.. $93k helps but still more along the lines of survival vs. living
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Old 03-14-2019, 08:57 PM
 
Location: So Ca
14,968 posts, read 14,377,743 times
Reputation: 12925
Quote:
Originally Posted by MuscleCar View Post
$80k is a struggle in L.A.. $93k helps but still more along the lines of survival vs. living
Absolutely untrue. There are thousands of people who live here who make nowhere near that--especially younger residents--and do just fine.
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Old 03-14-2019, 09:16 PM
 
215 posts, read 71,063 times
Reputation: 251
Quote:
Originally Posted by CA4Now View Post
Absolutely untrue. There are thousands of people who live here who make nowhere near that--especially younger residents--and do just fine.
Define "just fine"?
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Old 03-14-2019, 09:19 PM
 
Location: So Ca
14,968 posts, read 14,377,743 times
Reputation: 12925
Quote:
Originally Posted by MuscleCar View Post
Define "just fine"?
They live within their means. They have happy lives. They don't spend hours on this forum complaining that only people who maintain a specific income can live here.
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Old 03-15-2019, 05:34 AM
 
215 posts, read 71,063 times
Reputation: 251
Quote:
Originally Posted by CA4Now View Post
They live within their means. They have happy lives. They don't spend hours on this forum complaining that only people who maintain a specific income can live here.
And from my experience, which is quite a bit, those people are secretly miserable and yearning for better. I've seen a ton of that.
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