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Old 06-28-2007, 03:17 PM
 
Location: Windermere, FL
268 posts, read 860,289 times
Reputation: 178

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The most affordable U.S. housing markets - Jun. 28, 2007

So much for "L.A. is expensive but I'd say we make more money". We don't which is crazy...
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Old 06-28-2007, 03:29 PM
 
11,715 posts, read 38,997,509 times
Reputation: 7577
No surprise. I'm always amazed when people from other states think that California incomes are even remotely close to offsetting the high housing prices.

It looks like the most affordable city in CA is:

Chico, CA 35.4 $52,000.00 $236,000.00 146 17

rank = 146
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Old 06-28-2007, 04:03 PM
 
Location: Las Flores, Orange County, CA
26,342 posts, read 90,457,955 times
Reputation: 17781
Same job (Systems Engineer), same company in El Segundo pays exactly 6.8% more than in Colorado Springs.
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Old 06-28-2007, 07:55 PM
NDA
 
84 posts, read 419,030 times
Reputation: 44
When you average the incomes, the people who make 10,000 a year will drag down the incomes of those that make 1,000,000 a year.

This averaging is the reason the IRS puts people in Beverly Hills on the same budget as people in Watts when they repaying the government money.
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Old 06-28-2007, 08:03 PM
 
Location: Las Flores, Orange County, CA
26,342 posts, read 90,457,955 times
Reputation: 17781
Quote:
Originally Posted by NDA View Post
When you average the incomes, the people who make 10,000 a year will drag down the incomes of those that make 1,000,000 a year.
What???

Quote:
Originally Posted by NDA View Post
This averaging is the reason the IRS puts people in Beverly Hills on the same budget as people in Watts when they repaying the government money.
Per diem??
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Old 06-30-2007, 09:25 PM
mdz
 
Location: Near West Burbs, IL
622 posts, read 2,543,041 times
Reputation: 199
[quote=NDA;970567]When you average the incomes, the people who make 10,000 a year will drag down the incomes of those that make 1,000,000 a year.

I think the poster is referring to fact that the salaries given as stats are usually "median salaries" which are of course different than "average" salaries.

If you have 5 people whose salaries per year are: $10000,$20000,$30000,$40000,$1 billion the median salary is $30000.

It's a tricky statistic.
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Old 06-30-2007, 10:49 PM
NDA
 
84 posts, read 419,030 times
Reputation: 44
The use of median salary and home prices is still not a true indicator of the situation. The median salary and the median home prices makes Detroit look affordable, but Detroit is suffering. The economy of the area has depressed housing prices.

If they use the median salary of the people who are -still- employed and factor in the depressed housing market it looks good, but we all know it isn't.

I'm not claiming that California is cheap or affordable but numbers without the facts on how they were gathered are often worthless.
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Old 07-06-2007, 04:36 AM
 
2,584 posts, read 8,318,078 times
Reputation: 2638
[quote=mdz;981742]
Quote:
Originally Posted by NDA View Post
When you average the incomes, the people who make 10,000 a year will drag down the incomes of those that make 1,000,000 a year.

I think the poster is referring to fact that the salaries given as stats are usually "median salaries" which are of course different than "average" salaries.

If you have 5 people whose salaries per year are: $10000,$20000,$30000,$40000,$1 billion the median salary is $30000.

It's a tricky statistic.
doesn't "average" paint an even more distorted picture? if i remember the formula for computing an average, the result here is $200,200,000! in this example, using a median renders the extremely high-earner irrelevant, but i'm not sure what the affect would be when applied to a sample the size of an actual city's population. any statisticians care to explain? also, what is the difference b/w median and mean? i know i learned in jr. high, but i can't remember. i might even be confusing mean and average in the calculation i did above, or is mean the same as average? pardon my ignorance; math was never my subject, and i'm surprised that i remember the part about dividing the sum of the values by the number of them to compute [something].
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Old 07-06-2007, 01:16 PM
 
43 posts, read 185,267 times
Reputation: 35
Well, perhaps everyone should move to Kokomo Indiana, or Lansing Michigan, or Lima Ohio.

Oh, wait a minute, who would want to do that?

Hmm... I am beginning to see the correlation here.
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Old 07-06-2007, 01:23 PM
 
Location: West LA
723 posts, read 2,909,140 times
Reputation: 295
So, stop pissing and moaning, and move already.

There's other forums on here that would love to hear you rant and rave about how GREAT their city is.
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