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???
08/17/06 17:43
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#122482 - So what is...
Responding to: ???'s previous message
I've rejected full-time job offers out on the west coast just because I can't imagine they actually pay enough to make it worth it... But DO they??

No.

I don't know what the figure is, but the papers quote something like "the income you need to purchase a median priced home" and also "percentage of population that can purchase a median priced home". In both cases only the minority can buy-in. If you are already in, great. If not, then it's very hard. Even with low mortgage rates and deductible interest. The papers out here are full of situations where multiple families or siblings share a home. So even if you own a home, your neighbour has probably 10 people in the house. Imagine vast suburbs with Manhattan style parking problems.

But having said that, there are a lot of friggin rich people out here in very big homes and very expensive cars. I'm talking cars that hundreds of kilobucks. Maserati, Bently, Rolls Royce, Aston Martin, Ferrari, Lotus, McLaren, Lamborghini. And lots of gardeners driving beaters that work for $5/hr living in squalor with 10 similar individuals.




List of 37 messages in thread
TopicAuthorDate
I knew it was bad, but that bad            01/01/70 00:00      
   Around here $550,000 buys..            01/01/70 00:00      
      And for $550k in California            01/01/70 00:00      
         is that in Missourra?            01/01/70 00:00      
            There's a reason it's called Mysery ...            01/01/70 00:00      
      Up here            01/01/70 00:00      
   Around here for 100K you can get...            01/01/70 00:00      
   So what is...            01/01/70 00:00      
      the CEOs bought their houses years ago and            01/01/70 00:00      
         It's like the real estate salesman ...            01/01/70 00:00      
      So what is...            01/01/70 00:00      
         CEO's            01/01/70 00:00      
      what gets me            01/01/70 00:00      
         Jez, you could be talking about NC and CA            01/01/70 00:00      
            The way it works out best ...            01/01/70 00:00      
               deal!            01/01/70 00:00      
                  Barnum said it            01/01/70 00:00      
                     From what I've seen ...            01/01/70 00:00      
                        Huh?            01/01/70 00:00      
                           Oh it can happen ...            01/01/70 00:00      
                              On which planet would that be?            01/01/70 00:00      
                                 Got to quit posting late .. Thanks Richard.            01/01/70 00:00      
                           Only the real estate salesmen ...            01/01/70 00:00      
                        big houses, small minds            01/01/70 00:00      
                        does that include your famous basement?            01/01/70 00:00      
                           Yes. It\'s two layers ...            01/01/70 00:00      
                        Engineers who're pulling            01/01/70 00:00      
               Tax on real estate            01/01/70 00:00      
                  capital gains            01/01/70 00:00      
                     Capital Gains Tax            01/01/70 00:00      
                        That's one reason people's houses grow over time            01/01/70 00:00      
                  Mostly No            01/01/70 00:00      
                     I think that number is more like $250k            01/01/70 00:00      
                        I never have            01/01/70 00:00      
                           "take and run"            01/01/70 00:00      
                              and only after you turn 55            01/01/70 00:00      
   Low income housing            01/01/70 00:00      

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