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Old 12-20-2008, 07:23 PM
 
147 posts, read 381,564 times
Reputation: 66

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Quote:
Originally Posted by squeezeboxgal View Post
According to the Census Bureau (http://www.census.gov/hhes/www/income/4person.html - broken link), California's median income is more than $70,000 for 2008.

Those are 4 member households which usually reflects at least two incomes.

Also notice the median income in Colorado is nearly identical, yet their housing costs are nearly half of that as in Southern California.


http://www.catholiccharitiesusa.org/NetCommunity/Page.aspx?pid=1149 (broken link)

Last edited by Radical Raul; 12-20-2008 at 07:30 PM.. Reason: I didn't "back you up" on anything, thanks.
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Old 12-20-2008, 07:28 PM
 
11,151 posts, read 15,782,675 times
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Quote:
Originally Posted by Radical Raul View Post
Those are 4 member households which usually reflects at least two incomes.

Also notice the median income in Colorado is nearly identical, yet their housing costs are nearly half of that in Southern California.


Catholic Charities USA - Campaign to Reduce Poverty in America: Facts (http://www.catholiccharitiesusa.org/NetCommunity/Page.aspx?pid=1149 - broken link)
You didn't specify how many household members in your comment on median income. Also, in the link you posted, please note that California and Colorado have almost identical numbers.
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Old 12-20-2008, 07:29 PM
 
11,715 posts, read 40,309,597 times
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Quote:
Originally Posted by squeezeboxgal View Post
According to the Census Bureau (http://www.census.gov/hhes/www/income/4person.html - broken link), California's median income is more than $70,000 for 2008.
Per capita income can be $30k while household income can be $70k.
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Old 12-20-2008, 07:31 PM
 
11,151 posts, read 15,782,675 times
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Quote:
Originally Posted by EscapeCalifornia View Post
Per capita income can be $30k while household income can be $70k.
Absolutely, but the $30,000 was cited as the "median income" for the state of California.
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Old 12-20-2008, 07:31 PM
 
11,715 posts, read 40,309,597 times
Reputation: 7585
Quote:
Originally Posted by GracieJJ View Post
WOW, what part of the neighborhood barely makes over 30k? lots of professionals where we live and they make nothing less than 80k...
$30k is $15 bucks an hour. Lots of people don't even make that much.
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Old 12-20-2008, 07:35 PM
 
11,715 posts, read 40,309,597 times
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Quote:
Originally Posted by squeezeboxgal View Post
Absolutely, but the $30,000 was cited as the "median income" for the state of California.
Well "median what"? He didn't specify. Median personal income being $30k is very believable. Not that I or anyone else should expect an average single wage earner to be able to buy a house in LA.
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Old 12-20-2008, 07:39 PM
 
11,151 posts, read 15,782,675 times
Reputation: 18844
Quote:
Originally Posted by EscapeCalifornia View Post
Well "median what"? He didn't specify. Median personal income being $30k is very believable.
You are, of course, correct. So feel free to check it for yourself at the Census Bureau website.
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Old 12-20-2008, 07:49 PM
 
147 posts, read 381,564 times
Reputation: 66
I'm a single person.

The key is the lack of affordable housing, and the insane, unsustainable hyper appreciation of home values which occurred during the last housing boom (actually it was a ponzi scheme), and how it has effected the average worker.

It's good to see some are taking a hard look at the actual numbers.

All the best,

Last edited by Green Irish Eyes; 12-20-2008 at 08:40 PM.. Reason: No signatures allowed, thanks.
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Old 12-20-2008, 07:57 PM
 
147 posts, read 381,564 times
Reputation: 66
Quote:
Originally Posted by GracieJJ View Post
WOW, what part of the neighborhood barely makes over 30k? lots of professionals where we live and they make nothing less than 80k...

Depends where you live. How is the foreclosure rate in your neighborhood?
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Old 12-20-2008, 08:21 PM
 
1,786 posts, read 6,875,624 times
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Quote:
Originally Posted by squeezeboxgal View Post
Absolutely, but the $30,000 was cited as the "median income" for the state of California.
Realize folks, median is a long way from "average." Half the households earn more and half earn less.
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