91 X said:
Yes the housing cost are , but if you bought 3-5 years ago you would be ....My house value has almost doubled in just over 3 years ....Home equity is a beautiful thing...So it depends on how you look at it........There is also places here in So Cal that are still very affordable...It's not all SD and OC prices....
Also, income tax is not that bad and traffic is only bad at certain spots at certain times...but the taxes on gas and other things do suck...It's like they say I guess "we pay for the sunshine here in Cali"....but it's worth it!!!
BTW, Pro football in So Cal SUCKS!!!
As someone who lives in an equally insane real estate area (NYC), I dont see it as a healthy trend at all. I guess for people who are personally profiting it seems awesome, but the market seems artificially inflated to me. Your value may have doubled, but so did everyone elses. If you decide to upgrade, you're looking at massive home costs which generally means massive real estate tax.
Everyone in NY/NJ thinks its great too when the house they bought for $200k in 1988 is now worth $700k just 16 years later. They think it's great, that is, until they see the $10k+/year real estate tax bill!
Personally, I don't know where this money is supposed to come from. How many people can really be in the market for 7 and 8 hundred thousand dollar 3 bedroom houses?
I'd rather see my money go a lot farther and see the prices stay below the $400k level; that's why I personally plan to relocate.
Plus, you dont realize how utterly idiotic the 3 tiered income tax of CA and NY is until you get away from it. I get a cost of living adjustment too, but there is NO WAY it compensates for the ACTUAL cost of living delta.
I'd bet money that "W"'s doesn't either. CA and NY have costs of living nearly double that of the rest of the United States. I've never seen a 100% COLA. The tax differential alone is easily 10% and then you have to add to that the fact that literally everything is more expensive: housing, insurance, goods and services, gas, sales tax - the list is endless. In no uncertain terms, if your COLA isnt matching the difference between your area and the national average, you're not breaking even.
As far as girls go, there are beautiful women everywhere!