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Old 10-31-2017, 10:06 AM
 
Location: Charlotte
2,120 posts, read 2,152,264 times
Reputation: 2687

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Quote:
Originally Posted by Electrician4you View Post
So 10 years later you make the same money now as you did then? what are the house prices and wages NOW? AFAIK Denver has gotten very expensive and crowded.

To counter your point I have friends who moved to Texas and got paid less. Yes they bought a house for 250k and are paying the same amount of property taxes that I'm paying on a 500,000k house

75% of my current rentals are occupied by people coming out of state to relocate here. The average difference between the former wages to Ca wages were about 30% with one guy winning at 50%
If we go by statistics gathered by the Census, we have the following for Los Angeles-Long Beach-Anaheim, CA Metro versus the major metros in Texas. The LA-OC area has about .7% o 3% more of its households in the six figure bucket than the big Texas metros. The Inland Empire is less affluent overall the the Texas metros.

Los Angeles-OC Metro
Median Household Income: $65,950
% Six Figure Incomes: 32.6%
% of Households $200k+: 9.7%
Poverty Rate: 15%
Median House: $530,000

Orange County, CA ONLY (broken out from rest of metro)
Median Household Income: $81,837
% Six Figure Incomes: 41.5%
% of Households $200k+: 13.3%
Poverty Rate: 11%
Median House: $700,000

Riverside-Inland Empire Metro
Median Household Income: $58,236
% Six Figure Incomes: 25.7%
% of Households $200k+: 4.7%
Poverty Rate: 16.4%
Median House: $276,000

Austin, TX Metro
Median Household Income: $71,000
% Six Figure Incomes: 34.5%
% of Households $200k+: 9.1%
Poverty Rate: 10.9%
Median House: $225,000

Houston, TX Metro
Median Household Income: $61,708
% Six Figure Incomes: 30.2%
% of Households $200k+: 8.6%
Poverty Rate: 14.8%
Median House: $162,500

Dallas-Fort Worth, TX Metro
Median Household Income: $63,812
% Six Figure Incomes: 30.3%
% of Households $200k+: 7.7%
Poverty Rate: 12.7%
Median House: $129,700
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Old 10-31-2017, 06:34 PM
 
Location: Laguna Niguel, Orange County CA
9,809 posts, read 10,219,154 times
Reputation: 7983
Quote:
Originally Posted by CLT4 View Post
If we go by statistics gathered by the Census, we have the following for Los Angeles-Long Beach-Anaheim, CA Metro versus the major metros in Texas. The LA-OC area has about .7% o 3% more of its households in the six figure bucket than the big Texas metros. The Inland Empire is less affluent overall the the Texas metros.

Los Angeles-OC Metro
Median Household Income: $65,950
% Six Figure Incomes: 32.6%
% of Households $200k+: 9.7%
Poverty Rate: 15%
Median House: $530,000

Orange County, CA ONLY (broken out from rest of metro)
Median Household Income: $81,837
% Six Figure Incomes: 41.5%
% of Households $200k+: 13.3%
Poverty Rate: 11%
Median House: $700,000

Riverside-Inland Empire Metro
Median Household Income: $58,236
% Six Figure Incomes: 25.7%
% of Households $200k+: 4.7%
Poverty Rate: 16.4%
Median House: $276,000

Austin, TX Metro
Median Household Income: $71,000
% Six Figure Incomes: 34.5%
% of Households $200k+: 9.1%
Poverty Rate: 10.9%
Median House: $225,000

Houston, TX Metro
Median Household Income: $61,708
% Six Figure Incomes: 30.2%
% of Households $200k+: 8.6%
Poverty Rate: 14.8%
Median House: $162,500

Dallas-Fort Worth, TX Metro
Median Household Income: $63,812
% Six Figure Incomes: 30.3%
% of Households $200k+: 7.7%
Poverty Rate: 12.7%
Median House: $129,700
Please provide a SOURCE for the above.
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Old 11-01-2017, 07:18 AM
 
Location: Charlotte
2,120 posts, read 2,152,264 times
Reputation: 2687
Quote:
Originally Posted by LuvSouthOC View Post
Please provide a SOURCE for the above.
Sure!

US Census Bureau, 2016 ACS, INCOME IN THE PAST 12 MONTHS (IN 2016 INFLATION-ADJUSTED DOLLARS)
https://factfinder.census.gov/faces/...prodType=table

US Census Bureau, 2016 American Community Survey 1-Year Estimates
https://factfinder.census.gov/faces/...prodType=table

Kiplinger, Home Prices in the Top 100 Metro Areas
https://www.kiplinger.com/tool/real-...reas/index.php
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Old 11-01-2017, 10:33 AM
 
6,089 posts, read 4,388,399 times
Reputation: 5983
Quote:
Originally Posted by CLT4 View Post
Sure!

US Census Bureau, 2016 ACS, INCOME IN THE PAST 12 MONTHS (IN 2016 INFLATION-ADJUSTED DOLLARS)
https://factfinder.census.gov/faces/...prodType=table

US Census Bureau, 2016 American Community Survey 1-Year Estimates
https://factfinder.census.gov/faces/...prodType=table

Kiplinger, Home Prices in the Top 100 Metro Areas
https://www.kiplinger.com/tool/real-...reas/index.php
The wage difference means nothing.

OC is home to 1% (yes, over 120,000 households) of all millionaires in the United States. People who make the median "wage" aren't buying the single family homes in OC, I should know, I had to compete against these ultra wealthy purchasers back in 2012 when I first had money to spend, and I lost more than a few bidding wars to these guys, and I was all cash myself.

What's the inventory for homes in OC? According to Redfin's latest data, around 6,800 total homes of any kind on the market. Normal market I believe is around double that number.

One of the chief reasons why OC is so expensive (especially Coastal) is because of demand, and that's where millionaires want to live. It all trickles inland too, of course.

Median wage is a poor indicator of why OC is so expensive because it doesn't accurately reflect who is in the market for homes in the area.
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Old 11-01-2017, 02:40 PM
 
Location: Riverside Ca
22,148 posts, read 30,268,093 times
Reputation: 35371
Quote:
Originally Posted by CLT4 View Post
If we go by statistics gathered by the Census, we have the following for Los Angeles-Long Beach-Anaheim, CA Metro versus the major metros in Texas. The LA-OC area has about .7% o 3% more of its households in the six figure bucket than the big Texas metros. The Inland Empire is less affluent overall the the Texas metros.

Los Angeles-OC Metro
Median Household Income: $65,950
% Six Figure Incomes: 32.6%
% of Households $200k+: 9.7%
Poverty Rate: 15%
Median House: $530,000

Orange County, CA ONLY (broken out from rest of metro)
Median Household Income: $81,837
% Six Figure Incomes: 41.5%
% of Households $200k+: 13.3%
Poverty Rate: 11%
Median House: $700,000

Riverside-Inland Empire Metro
Median Household Income: $58,236
% Six Figure Incomes: 25.7%
% of Households $200k+: 4.7%
Poverty Rate: 16.4%
Median House: $276,000

Austin, TX Metro
Median Household Income: $71,000
% Six Figure Incomes: 34.5%
% of Households $200k+: 9.1%
Poverty Rate: 10.9%
Median House: $225,000

Houston, TX Metro
Median Household Income: $61,708
% Six Figure Incomes: 30.2%
% of Households $200k+: 8.6%
Poverty Rate: 14.8%
Median House: $162,500

Dallas-Fort Worth, TX Metro
Median Household Income: $63,812
% Six Figure Incomes: 30.3%
% of Households $200k+: 7.7%
Poverty Rate: 12.7%
Median House: $129,700
Bla bla bla bla bla. I’m asking about YOUR wages not you throwing statistics at me. Not everyone has issues in a downturn economy. And not everyone buying in OC is struggling.
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Old 11-01-2017, 03:46 PM
 
Location: Charlotte
2,120 posts, read 2,152,264 times
Reputation: 2687
Quote:
Originally Posted by Electrician4you View Post
Bla bla bla bla bla. I’m asking about YOUR wages not you throwing statistics at me. Not everyone has issues in a downturn economy. And not everyone buying in OC is struggling.
Oh I'm a different poster, just was sharing some interesting statistics regarding median income variances between areas. OC is more affluent, LA-OC is slightly more affluent, and Inland Empire is less affluent than some other metros in lower COL areas. The other poster was the one who moved to Colorado or something.
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Old 11-01-2017, 06:46 PM
 
Location: Laguna Niguel, Orange County CA
9,809 posts, read 10,219,154 times
Reputation: 7983
Quote:
Originally Posted by CLT4 View Post
Sure!

US Census Bureau, 2016 ACS, INCOME IN THE PAST 12 MONTHS (IN 2016 INFLATION-ADJUSTED DOLLARS)
https://factfinder.census.gov/faces/...prodType=table

US Census Bureau, 2016 American Community Survey 1-Year Estimates
https://factfinder.census.gov/faces/...prodType=table

Kiplinger, Home Prices in the Top 100 Metro Areas
https://www.kiplinger.com/tool/real-...reas/index.php
With respect to that last source, it doesn't even break out OC from LA.
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Old 11-01-2017, 06:47 PM
 
Location: Laguna Niguel, Orange County CA
9,809 posts, read 10,219,154 times
Reputation: 7983
Quote:
Originally Posted by CLT4 View Post
Oh I'm a different poster, just was sharing some interesting statistics regarding median income variances between areas. OC is more affluent, LA-OC is slightly more affluent, and Inland Empire is less affluent than some other metros in lower COL areas. The other poster was the one who moved to Colorado or something.
LA and OC are far more affluent than the stats reveal. LA, and to a lesser extent OC (e.g. Santa Ana) have large areas of deep poverty. In other words, the Santa Anas and Hawaiian Gardens of the world drop our income averages down tremendously.
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Old 11-02-2017, 08:10 AM
 
Location: So Ca
24,937 posts, read 23,125,029 times
Reputation: 22219
Quote:
Originally Posted by CLT4 View Post
If we go by statistics gathered by the Census, we have the following for Los Angeles-Long Beach-Anaheim, CA Metro versus the major metros in Texas...
Interesting info; thanks for posting it.
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Old 11-02-2017, 08:56 PM
 
Location: Laguna Niguel, Orange County CA
9,809 posts, read 10,219,154 times
Reputation: 7983
Blizzard pretty much sums up why millennials would love to live in OC (and of course work at Blizzard, one of OC's "best places to work"). The California dream is here, just add money.


https://www.youtube.com/watch?v=lEI9OazzZpg

Last edited by LuvSouthOC; 11-02-2017 at 09:11 PM..
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