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Old 09-27-2010, 11:23 AM
 
Location: Eureka CA
9,519 posts, read 14,756,629 times
Reputation: 15068

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Why would it not still be expensive? What's gone down in price? Only housing purchase prices and in the employment centers it's still very expensive.
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Old 09-27-2010, 02:50 PM
 
Location: Escondido, CA
1,504 posts, read 6,154,564 times
Reputation: 886
Quote:
Originally Posted by CAVA1990 View Post
The County I live in in Virginia, Fairfax, has a median household income of $107,000 versus about $75,000 in Orange County and yet home prices in Fairfax County are lower than in Orange County.
On the other hand, median household income in Temecula is also $75,000, and the median home price in Temecula is somewhere around 280k, which is, I believe, lower than in Fairfax County, and especially in terms of $/sf.
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Old 09-27-2010, 03:25 PM
 
Location: San Jose, CA
7,688 posts, read 29,165,242 times
Reputation: 3631
The median rent in San Jose is $1317, and that includes a number of fairly large undesirable areas with cheap rentals. Every place I've seen or lived in for under $1100 was all kinds of unacceptable.. dirty, not updated since Eisenhower was President, bad neighbors, scary neighborhoods.
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Old 09-27-2010, 04:24 PM
 
Location: Everywhere and Nowhere
14,129 posts, read 31,268,360 times
Reputation: 6921
Sounds like the problem you've got is a huge pool of underclass. But looking at your demographics it's pretty clear why that is.
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Old 09-27-2010, 10:16 PM
 
Location: Yucaipa, California
9,894 posts, read 22,035,475 times
Reputation: 6853
A 1 hr commute can be a ***** over time. Maybe you should consider living inland in ca. Its generally cheaper but rents are high everywhere even in the ghettos.
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Old 09-28-2010, 09:23 AM
 
Location: Up in the air
19,112 posts, read 30,643,400 times
Reputation: 16395
I think it depends on what you're used to as well. I grew up in Germany where EVERYTHING is expensive. Living in California is a piece of cake since the high prices don't surprise me as much. I see apartments renting for less than $700 in other parts of the country (sometimes WAAAY less than $700....) and it's mind boggling to me. Paying 8 or 900 for a 1 bedroom just seems normal...maybe I should just move out of the state for a bit.
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Old 09-28-2010, 11:04 AM
 
Location: Armsanta Sorad
5,648 posts, read 8,061,726 times
Reputation: 2462
Always has.
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Old 09-28-2010, 12:07 PM
 
Location: Everywhere and Nowhere
14,129 posts, read 31,268,360 times
Reputation: 6921
Unless you're very well to do, CA is not a great place to live. The number of people relative to the supply of jobs and housing keeps wages low and rents high.
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Old 09-29-2010, 02:46 AM
 
30,902 posts, read 36,985,345 times
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Quote:
Originally Posted by blauskies View Post
Prices must have came down in Norcal? I looked at apartments 11 years ago in Petaluma and they were over $1200/month.

Rental rates here in South Florida are about the same for a 1 bedroom as San Jose if not more on Miami Beach.
I'd say they've gone up and down. Rents went down or flattened out from 2002 to 2005, then they started jacking them up until about 2008. Then they came down in 2009. Now they're creeping up again.

Considering my apartment is a bargain. And considering Silicon Valley has 12% unemployment, rents here are not cheap.
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Old 09-29-2010, 02:48 AM
 
30,902 posts, read 36,985,345 times
Reputation: 34547
Quote:
Originally Posted by CAVA1990 View Post
The County I live in in Virginia, Fairfax, has a median household income of $107,000 versus about $75,000 in Orange County and yet home prices in Fairfax County are lower than in Orange County. However, our homeownership rate is higher. A place like Orange County has more income disparity than we've got here in Northern Virginia. You've got a lot more proles than we do.
Yeah, I'd agree with that.
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