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Old 05-03-2017, 10:43 PM
Status: "Certified Victim™ who walked away" (set 13 hours ago)
 
Location: Laguna Niguel, Orange County CA
9,105 posts, read 6,773,176 times
Reputation: 7037

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The only metro areas with higher income limits are San Francisco; Fairfield County, Connecticut; Silicon Valley and Honolulu.

$84,000 a year now qualifies as low income in high-cost Orange County – Orange County Register
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Old 05-03-2017, 11:27 PM
 
Location: Orange County... Arizona bound
2,246 posts, read 1,173,971 times
Reputation: 2876
How's that for a reality check on living here??
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Old 05-04-2017, 12:21 AM
 
Location: Olympus Mons, Mars
5,000 posts, read 8,032,221 times
Reputation: 4920
inflation.. however most in OC are rich enough to have investments are getting paid via gains in the stock market and not by salary.
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Old 05-04-2017, 08:04 AM
 
16,062 posts, read 9,234,697 times
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Quote:
Originally Posted by k374 View Post
inflation.. however most in OC are rich enough to have investments are getting paid via gains in the stock market and not by salary.
Probably not the case, as the 3 million living in OC do not have the funds to invest. It is a smaller group doing that at any level that makes it possible to live in OC. Just look at the threads on this forum from those wanting to move to CA. I am sure Santa Ana is not full of rich investors.
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Old 05-04-2017, 09:01 AM
 
4,325 posts, read 2,195,747 times
Reputation: 3602
Santa Ana, Garden Grove, Stanton are going to get majorly gentrified in the next decade. One of my business associates recently bought an 8 unit apartment in Stanton, and he told me that for 8 units, he had 250+ applications. I'm almost a little jealous.
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Old 05-04-2017, 09:07 AM
 
21 posts, read 17,475 times
Reputation: 26
....and, just like that, a slew of people who complain all the time about low-income families being the scourge of Orange County realize they qualify as one.

That comment in the OCR cracked me up.
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Old 05-04-2017, 09:08 AM
 
16,485 posts, read 17,513,441 times
Reputation: 23531
Quote:
Originally Posted by CaliRestoration View Post
Santa Ana, Garden Grove, Stanton are going to get majorly gentrified in the next decade. One of my business associates recently bought an 8 unit apartment in Stanton, and he told me that for 8 units, he had 250+ applications. I'm almost a little jealous.

Last year I listed one of my properties because I bought another house. Once I listed I had well over 200 inquiries the first three days. I had over 70 applicants.
The family renting now is moving to Irvine. In a smaller place but more expensive. The guy works in Irvine. When I relist it I'm pretty sure it's going to be a madhouse. I'll probably have to take a week off work or hire someone to do the showings.
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Old 05-04-2017, 09:11 AM
 
4,325 posts, read 2,195,747 times
Reputation: 3602
Quote:
Originally Posted by Electrician4you View Post
Last year I listed one of my properties because I bought another house. Once I listed I had well over 200 inquiries the first three days. I had over 70 applicants.
The family renting now is moving to Irvine. In a smaller place but more expensive. The guy works in Irvine. When I relist it I'm pretty sure it's going to be a madhouse. I'll probably have to take a week off work or hire someone to do the showings.
Yeah I'm kicking myself for not buying more townhomes and condos during the downturn in OC. I did buy a few (including a nice duplex in Tustin) but I ended up targeting higher end real estate in Laguna Beach. I kind of let my ego get the best of me, and I missed some gem revenue making opportunities. Oh well.
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Old 05-04-2017, 03:00 PM
 
718 posts, read 840,623 times
Reputation: 1235
How come illegal aliens seem to do fine? What illegals are earning $84k+?
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Old 05-04-2017, 03:07 PM
 
4,325 posts, read 2,195,747 times
Reputation: 3602
Quote:
Originally Posted by mrwumpus View Post
How come illegal aliens seem to do fine? What illegals are earning $84k+?
Living 7-8 per room tends to spread your cost.
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