Millennials simply can't afford to live in OC (San Diego, Anaheim: townhouse, tenants)

[LuvSouthOC]

Originally Posted by majoun

Of course. Goes without saying. But from the way people on this board react you'd think OC was some sort of pristine paradise. It's anything but.

The people on this board would deny the right of today's property owners to maximize the value of their lots by building multifamily on it.

Parts of OC are a pristine paradise. It feels (at least to me) like a resort in many of the places I go (and live).

It's not individual persons on this forum that resist, but entire communities that justifiably deny property owners the ability to build whatever they would like: buildings things that are completely out of character with the community. It's also called zoning. Anyway, I thought you didn't like OC so then why are you so desperate to build towers at every corner?

[Hippityhop]

Originally Posted by Electrician4you

This is absolutely true. But that type thing of person has what I call the Houston disease. I don't do crack I do Oxy. They don't see it as "doing drugs", because they aren't buying it from a street thug. They are getting it from a doctor so it's ok it's a prescription.

Why do you call it the Houston disease?

Seems more like the real housewives of OC stereotype, no?

[majoun]

Originally Posted by LuvSouthOC

Parts of OC are a pristine paradise. It feels (at least to me) like a resort in many of the places I go (and live).

It's not individual persons on this forum that resist, but entire communities that justifiably deny property owners the ability to build whatever they would like: buildings things that are completely out of character with the community. It's also called zoning. Anyway, I thought you didn't like OC so then why are you so desperate to build towers at every corner?

If you remember the OC vs. SD thread, I said I do like a lot of things about OC, I just like SD better.

[Troy Troy]

Originally Posted by American Expat

I have news from a Baby Boomer, OC has been expensive my entire adult life, this is not new. Best now to sit and wait out the next time the bubble pops to buy something cheaper...otherwise, bring gold and silver.

I appreciate your comment, as I am an early Generation Xer (just miss the Baby Boomer cut off by a few short years), and can attest to the fact that Orange County has always been expensive. However, I still have to admit that times are different. Never have I seen home prices go up this high, this fast. Price increases are happening in five-year blocks of time, that would have taken 20 years in previous generations! There are people making $90,000 a year, still unable to comfortably afford a basic house in some areas. The worst part is the problem is no longer limited to Los Angeles or coastal areas. People talk about the Inland Empire and Riverside as if it's still dirt cheap, but let me tell you the nicer parts of those areas are literally just a few hundred dollars less than Orange County! In past times if all else failed you could at least run to the Inland Empire to get away from high prices. Now, there's no Escape!

I understand about the whole deserving where you live, and being able to afford the area. Yes, I can certainly see why people in affluent areas don't necessarily want ghetto folks getting subsidized to live in areas they have worked hard to afford. However, in this day and age were talking about people making almost $100,000 a year, still being forced to live out in the desert in order to afford Edison home. There's just something not quite fair about that.

I may be wrong, but I feel the issue with the housing nowadays is different than past generations because we are no longer competing with just ourselves and the successful people within our ranks. We are now competing with millionaires from China, Persia and other places, or buyers groups from other states and foreign lands; artificially driving up the prices! It's funny, when I first learned about Mexico, the Philippines and other places not allowing Americans to buy land, only lease, I used to think it was so unfair. Now, I see why they do it. They don't want their citizens to have the same unaffordable housing mess that we have!

[Troy Troy]

Originally Posted by CaliRestoration

I never said it would be easy, but based on the current DTI most financial institutions use, I set out a plan for him to be able to live in SoCal.

SoCal, especially the places he's name dropping (Irvine, Newport Beach) is one of the top real estate markets in the U.S. These places have not been "cheap" for over 20 years (when that kid was probably in grade school).

The market is competitive, if you think having an engineering degree, and a good salary is enough to buy your way into a 4 bedroom house in 5 years, think again. In my home in Laguna Beach, my two adjacent neighbors both have businesses that create in the 8 digits of revenue annually, and both of those houses are under 2,500 sqft in area (they do have great white water views however).

The point being, if you want to live out here, you have to compete with the other players in the market and those players are wealthy and have a lot more than an engineering degree and $80,000 salary, plain and simple.

I don't recall him saying he wanted his backyard to be the beach. What he's saying is as someone with a engineering degree and $80,000 a year, he shouldn't have to move out to the deserts of Lancaster just to get a home. He's absolutely right. He's done with Society expected of him, he got his degree, got a good job, and deserves to feel some ocean breezes and see some beautiful blondes jogging on the beach, the same as you. I don't care how much money you make, you didn't create the beach! Every type of topography should have some affordable portions of it. At this point I'm not even asking for a fordable, just not into orbit pricing! Anyway, prices on out of whack because of local rich people, such as yourself. There's only 7 of you. Prices are out of whack because of investors, speculators, and foreign money driving up the prices artificially. These are the things laws should be created to protect us from.

[Arizona89A]

Originally Posted by Hippityhop

Buddy, this is just factually incorrect. My fiancee is a physician at UCI and the highest amount of drug use in OC is the southern part.

It's all prescription drugs that the kids steal from their bimbo moms or grandparents on antidepressants, benzodiazepines, and oxy.

I don't care about those. It is meth, heroin, and coke, that at least 80% of the middle class use here, and nearly 100% of the rich at their parties.

I don't, and I don't associate with people who use them.

Pot, cigarettes, alcohol, I don't care if people use those. I really want to live in an area where I can make friends with people who don't abuse drugs. I'm gen X and want to meet intelligent people.

When I lived in Palm Springs, even that market only 20% of folks who I knew used illegal drugs.

[Arizona89A]

Originally Posted by majoun

Generally, the more money you have in a community, the more drugs you have.

That is true in Arizona where the police are corrupt, get the drugs, and use them themselves.
Don't know if rich California cities have this problem.

[Arizona89A]

Originally Posted by Hippityhop

I feel a lot of it just has to do with the fact that people overlook prescription drug addiction and only demonize marijuana, E, coke, w/e. And yes, there is certainly a lot of affluenza going on down there. If the white from Laguna Beach is brought into the police station with some of his Mom's Percocets it's going to be a very different conversation compared to the Hispanic Kid in Boyle Heights with a baggie of weed.

Yes, they do overlook it. I don't view addiction to benzos and painkillers as much of a serious problem compared to meth that rots your teeth, destroys your brain, same with coke.
Addiction to these prescription drugs can be treated by psychiatric care which you have a lot of.
Arizona psychiatrists refuse to take insurance along with many other types of specialists.

[Arizona89A]

Originally Posted by majoun

Of course. Goes without saying. But from the way people on this board react you'd think OC was some sort of pristine paradise. It's anything but.

The people on this board would deny the right of today's property owners to maximize the value of their lots by building multifamily on it.

Not me, if you have a lot zoned for residential, then you have the right to build on it.

The good thing about Donald Bren is that he has large areas of open space, to balance his developments.

LA and north oc clearcut everything.

[Arizona89A]

Originally Posted by Troy Troy

I don't recall him saying he wanted his backyard to be the beach. What he's saying is as someone with a engineering degree and $80,000 a year, he shouldn't have to move out to the deserts of Lancaster just to get a home. He's absolutely right. He's done with Society expected of him, he got his degree, got a good job, and deserves to feel some ocean breezes and see some beautiful blondes jogging on the beach, the same as you. I don't care how much money you make, you didn't create the beach! Every type of topography should have some affordable portions of it. At this point I'm not even asking for a fordable, just not into orbit pricing! Anyway, prices on out of whack because of local rich people, such as yourself. There's only 7 of you. Prices are out of whack because of investors, speculators, and foreign money driving up the prices artificially. These are the things laws should be created to protect us from.

Rents, go up artificially, due to computer programs such as Rainmaker, Yieldstar, and Yardi. Search my archives for a San Diego thread about a guy who cannot find a place to live, making a 6 figure salary.....