Annual income of $84,000 qualifies as low income in OC (San Francisco: real estate, apartment)

[LuvSouthOC]

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

[Finper]

How's that for a reality check on living here??

[k374]

inflation.. however most in OC are rich enough to have investments are getting paid via gains in the stock market and not by salary.

[expatCA]

Originally Posted by k374

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.

[CaliRestoration]

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.

[OpenRider]

....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.

[Electrician4you]

Originally Posted by CaliRestoration

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.

[CaliRestoration]

Originally Posted by Electrician4you

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.

[mrwumpus]

How come illegal aliens seem to do fine? What illegals are earning $84k+?

[CaliRestoration]

Originally Posted by mrwumpus

How come illegal aliens seem to do fine? What illegals are earning $84k+?

Living 7-8 per room tends to spread your cost.