$154,120: Minimum income needed to afford median-priced OC SFR (London: short sale, foreclosures)

[LuvSouthOC]

Originally Posted by Electrician4you

depeds on your financial situation. Looking around my area housesare 25-100k higher than last year

Homes here are going nuts in my neck of the woods again after a short pause.

300k since 2012, perhaps more.

[taimaishu]

Originally Posted by payutenyodagimas

I left out the stats that say those leaving are being replaced by immigrants, legal&illegal, and natural increase in population

You didn't include any stats. Just random BS you pulled out of thin air. Just like Trump! lol

[expatCA]

Originally Posted by taimaishu

You didn't include any stats. Just random BS you pulled out of thin air. Just like Trump! lol

You need to read more.

https://www.manhattan-institute.org/...look-5853.html

For decades after World War II, California was a destination for Americans in search of a better life. In many people’s minds, it was the state with more jobs, more space, more sunlight, and more opportunity. They voted with their feet, and California grew spectacularly (its population increased by 137 percent between 1960 and 2010). However, this golden age of migration into the state is over. For the past two decades, California has been sending more people to other American states than it receives from them. Since 1990, the state has lost nearly 3.4 million residents through this migration.

[taimaishu]

Originally Posted by expatCA

You need to read more.

https://www.manhattan-institute.org/...look-5853.html

For decades after World War II, California was a destination for Americans in search of a better life. In many people’s minds, it was the state with more jobs, more space, more sunlight, and more opportunity. They voted with their feet, and California grew spectacularly (its population increased by 137 percent between 1960 and 2010). However, this golden age of migration into the state is over. For the past two decades, California has been sending more people to other American states than it receives from them. Since 1990, the state has lost nearly 3.4 million residents through this migration.

Data collected in 2016 shows otherwise. CA isn't even top 10 of the States with the highest exodus. Nice try though!

https://www.unitedvanlines.com/conta...ers-study-2016

Almost 50% of the people moving to CA make 150k or more.



The majority leaving CA are 55+ and older. So obviously it's not to live in a "safer" area to start a family. hahahhaha



Compare that to the crap hole you live in (TN) all the young people are Leaving. haha

[Larry Siegel]

Originally Posted by expatCA

But you probably would not want to live in the neighborhoods are that have the lower cost homes or accept a 2 bdrm, 1 bath extremely small home.

Although you got schooled (by me) on "median," I know what you are saying. There are a lot of lower income neighborhoods in northern OC so the median house may not be very nice. In southern OC the median is probably closer to $1 million.

[expatCA]

Originally Posted by taimaishu

Data collected in 2016 shows otherwise. CA isn't even top 10 of the States with the highest exodus. Nice try though!

https://www.unitedvanlines.com/conta...ers-study-2016

Almost 50% of the people moving to CA make 150k or more.



The majority leaving CA are 55+ and older. So obviously it's not to live in a "safer" area to start a family. hahahhaha



Compare that to the crap hole you live in (TN) all the young people are Leaving. haha

More people leave CA than move it. Makes no difference what age they are the total is more out migration. Nice dodge though.

Now TN is not my favorite State but in sooo many ways (not all) better than CA. Just moving here saved me $20,000 a year in taxes/fees. I visit CA, though have considered moving back. 4 seasons, less traffic, better roads, far lower cost homes om larger lots, lower property taxes (Both by percentage and dollars) extremely friendly and helpful people, a days drive to some of the most beautiful beaches in the Gulf or Atlantic and warmer water than in CA. Not as many restaurants and such, but more than enough for my wife and I. The Smokies are beautiful and have a huge number of places to visit and enjoy. I was born and raise in SoCal and it has 2 major points in it's favor. Weather and things to do. That is it. COL is higher in CA and QOL is lower overall in CA, unless you are a millionaire.

[taimaishu]

Originally Posted by expatCA

More people leave CA than move it. Makes no difference what age they are the total is more out migration. Nice dodge though.

Now TN is not my favorite State but in sooo many ways (not all) better than CA. Just moving here saved me $20,000 a year in taxes/fees. I visit CA, though have considered moving back. 4 seasons, less traffic, better roads, far lower cost homes om larger lots, lower property taxes (Both by percentage and dollars) extremely friendly and helpful people, a days drive to some of the most beautiful beaches in the Gulf or Atlantic and warmer water than in CA. Not as many restaurants and such, but more than enough for my wife and I. The Smokies are beautiful and have a huge number of places to visit and enjoy. I was born and raise in SoCal and it has 2 major points in it's favor. Weather and things to do. That is it. COL is higher in CA and QOL is lower overall in CA, unless you are a millionaire.

Wrong again, as data show it is balanced. Not sure why people from the east coast don't know how to look at charts. Again, I use sources, not grab info out of thin air or make up "data" to make it fit my "bias" agenda.

Old grumpy people like you leaving CA, being replaced by younger people making 150K+ as data shows in the charts I posted earlier.

Please don't move back to CA. You cannot afford it and your neighbors will be annoyed by all your crying and complaining.

[expatCA]

Originally Posted by taimaishu

Wrong again, as data show it is balanced. Not sure why people from the east coast don't know how to look at charts. Again, I use sources, not grab info out of thin air or make up "data" to make it fit my "bias" agenda.

Old grumpy people like you leaving CA, being replaced by younger people making 150K+ as data shows in the charts I posted earlier.

Please don't move back to CA. You cannot afford it and your neighbors will be annoyed by all your crying and complaining.

One moving company. Try better sources:

California exports its poor to Texas, other states, while wealthier people move in | The Sacramento Bee

Every year from 2000 through 2015, more people left California than moved in from other states.
Read more here: California exports its poor to Texas, other states, while wealthier people move in | The Sacramento Bee

You also make unwarranted and not very nice assumptions which damage your own credibility.

I can sell my current home and with available cash buy a home in SoCal in the area we have spoken of living (15 miles max to the Beach) without touching any investments, etc. We probably won't, as I hate the idea of giving more money to the State to be wasted. The actions of the CA Gov't in the last year have made it plain things will not get better.

[ihatedcu]

Once you leave California, appreciation will lock you out forever.

[Electrician4you]

Originally Posted by ihatedcu

Once you leave California, appreciation will lock you out forever.

Maybe not everyone but a majority. For most of my friends who moved away and want to come back they simply cannot buy back in. Some moved back but are renting or moved here and moved back to where they were. And believe me most want to come back really bad.
The very few who did have the ability to buy they bought but nowhere near where they lived before. But they had to make huge personal and financial sacrifices to buy back in. The houses they sold did not gain enough equity to make up for the appreciation of houses in California.