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Author Topic: California  (Read 5966 times)

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Offline lexicon

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California
« on: August 27, 2019, 10:30:01 AM »
For those of you living in CA;

Which part of CA do you live in?
What's the job market there like?
Avg living wage?
Cost of living on avg?

TIA



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Offline Reporter

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Re: California
« Reply #1 on: August 27, 2019, 03:20:50 PM »
Best to ask those who don't live there but looking to.



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Offline Cali Guy

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Re: California
« Reply #2 on: August 28, 2019, 10:55:49 AM »
For those of you living in CA;

Which part of CA do you live in?
What's the job market there like?
Avg living wage?
Cost of living on avg?

TIA

Silicon Valley.
Lots of engineering fields available.
I wonder how those making minimum are surviving?
One of the highest in the country. In my neighborhood, an average home, 4 beds 2 1/2baths, is 1.6 million which equates to 2 plus after bidding offers.



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Offline lexicon

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Re: California
« Reply #3 on: August 28, 2019, 11:18:16 AM »
Silicon Valley.
Lots of engineering fields available.
I wonder how those making minimum are surviving?
One of the highest in the country. In my neighborhood, an average home, 4 beds 2 1/2baths, is 1.6 million which equates to 2 plus after bidding offers.

Much appreciated.
Avg salary (all necessities met comfortably)?



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Offline Cali Guy

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Re: California
« Reply #4 on: August 28, 2019, 11:52:48 AM »
You are welcome. Average salary overall is very low and would not meet the high cost of living here.



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Offline DuMa

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Re: California
« Reply #5 on: August 28, 2019, 11:57:28 AM »
bay area housing is not made for the common joe.  They are marketing it for them top executives and managements that brings home the bacon.  It just that your common joe so happens to pick up some of them houses and to do so, they are utilizing 80% of their monthly income on housing alone.  They can survive but at what cost?   

You want to play the bay area, you gotta have a plan.   Lots of options on how you can do this.  My janitor friend only makes min wages which is about $15 an hour but he was able to close himself a house worth 850K.  Low income qualifier programs thus why.  He will eventually work till he die just to pay off his house. 

There are also this option that I learned from a mexican person working in the bay area.  He works in the bay to get the pay but he pumps his money back home and is currently building his foundation like buying a whole role of houses down there.  When he is done or retire, he will go back to his hometown and will reap in his rewards.  This concept can be used for us too.  You then are the pioneer to your family.  You go where the money is at, make them papers and you pump that money back to where you are at now.  Build up a foundation or save for a business and when you are done, you will then be the king of your castle.  With a bigger bankroll, you can reach your goal faster.  If it takes you 20 years to build a castle in the midwest, you can now do it in 10 years since the bay area pays are no joke. 

People who are from the bay area are starting to wisen up and moving out.  A house here in the bay area can fetch you lets say 1 mil.   Sell 1 mil and go buy 3 houses for the same price in the central valley which is only 1.5 hours away.  Live in one and rental property the other 2.  We are talking about a 300K homes here.  Houses around that range in the central valley are far from ghetto. 

I'm sure there are other options on how people are living but that's about the basic of them all.  If you want your money to grow super faster, get yourself a trailer and play the homeless route.  $10 a month at a gym to shower and live in your trailer van till you make a million then change option. 

results may varies

but bay area, foods are great, the weather is great, beautiful people, tons of things to do and see but the housing issue makes it not perfect. 




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Offline lexicon

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Re: California
« Reply #6 on: August 28, 2019, 12:01:06 PM »
Thanks Duma.

Bay Area is fine but too $$$ for me.

I've thought about moving back to somewhere in the central valley or either Nor Cal.

Just a pipe dream for now.



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Offline DuMa

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Re: California
« Reply #7 on: August 28, 2019, 12:14:07 PM »
Thanks Duma.

Bay Area is fine but too $$$ for me.

I've thought about moving back to somewhere in the central valley or either Nor Cal.

Just a pipe dream for now.

You can live in the central valley but work in the bay.  It is the norm for a lot of people who are commuters.  It is an acquired art too.  AT first, it can get you because of the traffic but if you think about it, you are not the only one who is stuck in traffic.  We all are so it is the norm.  We are talking about the valley min wages about $11 hr and just going over a hill to the other side and you can see $14 hr right away.  A person at 11 hr to start will take them at least 5 years to reach that level.  5 years?  heck nah because your goal is to hit it at 10 years.  So the best option is to go where they money is at while you can reach your goals faster.    O0






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Offline lexicon

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Re: California
« Reply #8 on: August 28, 2019, 01:05:02 PM »
You can live in the central valley but work in the bay.  It is the norm for a lot of people who are commuters.  It is an acquired art too.  AT first, it can get you because of the traffic but if you think about it, you are not the only one who is stuck in traffic.  We all are so it is the norm.  We are talking about the valley min wages about $11 hr and just going over a hill to the other side and you can see $14 hr right away.  A person at 11 hr to start will take them at least 5 years to reach that level.  5 years?  heck nah because your goal is to hit it at 10 years.  So the best option is to go where they money is at while you can reach your goals faster.    O0

I can barely live comfortably here making more than that. How do people manage to make it on $11-14.00 an hour, yikes! I would think you need to make an upwards of $19.00+ to even think about living in the boonies of some small CA town.




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Offline lexicon

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Re: California
« Reply #9 on: August 28, 2019, 01:09:02 PM »
I am in the central valley.

I bought my 1st home during the recession...an d now my mortgage is way less than what people are paying for rent alone....

according to google ...

The average living wage in California is $8.83. Adjusting this for the cost of living in XXXXX gives a living wage of $8.50...job growth is evident in industries like technology, construction and health care; Sutter Memorial Hospital and UC Davis Medical Center employ a large number of residents. The government sector — the region's largest employer — also continues to remain stable. Unemployment is close to the national average and the lowest it has been for more than a decade.

COST OF LIVING

Housing 167.7
Median Home Cost $317,600  :o :o :o
Utilities 98.4
Transportation 132.8

----
If you want to move here, central valley it is. Cost of living in the nkes area is too high, let alone, the commute and transportation cost...you're living to work only...if you can find a reasonable job here in the central valley, you're ok. Cost of living in California alone and taxes are crazy but manageable. I've been here all my life for over 30+ years and there's no place like California. You get the snow, cold, heat and nice weather all year round with just a few hundred miles of driving. Good luck.

I worry less about work and more about not having the support system I have in the Midwest. I have some family on the west coast but I'm too proud to beg or rely on them.

Thanks for the input.



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Offline lexicon

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Re: California
« Reply #10 on: August 28, 2019, 02:00:15 PM »
also what does car tags mean in the Midwest? car registration?

car registration just went up to offset for the cost of road repairs here in cali aka senate bill 1  :P...my car registration alone this year is $300+  :o >:( it used to be about $200 ish only

Makes sense. Although the newer the car, the more expensive the tabs/tags. I paid about $45 this past year but have paid as much as close to $200 on a newer car.



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Offline Yebleng

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Re: California
« Reply #11 on: August 28, 2019, 02:14:29 PM »
speaking of taxes...the property tax for our 2019 Pilot came in last week....$1000+ ....WTF!?!? ....just kill me! :'( :'( >:(



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Offline lexicon

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Re: California
« Reply #12 on: August 28, 2019, 03:27:42 PM »
there's property tax for cars?  :dontknow: :dontknow: here we have property taxes for our homes and it's about $4k for mine....

my coworker recently cashed out a $800k home out in the city of El Dorado Hills, CA. And although his house is paid for, he's still paying monthly taxes and miscellaneous fees and his monthly payment is around $2k.

Rich people problems *sighs*

He'll keep paying until he sells it and no longer owns that property. All they've done is decrease their monthly payments by paying off the loan. He still has insurance, property taxes and utilities etc...



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Offline lexicon

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Re: California
« Reply #13 on: August 29, 2019, 08:23:29 AM »
i end up in california once or twice or even five times a year depending on the job but i wouldn't want to live there. i guess if you were born and raised there then it's all gravy. america is as big as it is wide that i have no need to insert myself in the californicatio n of things.

i'm fine with my southern roots and east coast pedigree

True. For me it's the mild Winters, the dry heat and a little bit of nostalgia.

Nothing against the east coast, I'm sure I'd just be just as enamored by the Atlantic coast as I have been with the Pacific. I'll let you know after next years trip up the east coast into Canada.
 



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Offline Believe_N_Me

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Re: California
« Reply #14 on: September 05, 2019, 01:40:44 AM »
bay area housing is not made for the common joe.  They are marketing it for them top executives and managements that brings home the bacon.  It just that your common joe so happens to pick up some of them houses and to do so, they are utilizing 80% of their monthly income on housing alone.  They can survive but at what cost?   

You want to play the bay area, you gotta have a plan.   Lots of options on how you can do this.  My janitor friend only makes min wages which is about $15 an hour but he was able to close himself a house worth 850K.  Low income qualifier programs thus why.  He will eventually work till he die just to pay off his house. 

There are also this option that I learned from a mexican person working in the bay area.  He works in the bay to get the pay but he pumps his money back home and is currently building his foundation like buying a whole role of houses down there.  When he is done or retire, he will go back to his hometown and will reap in his rewards.  This concept can be used for us too.  You then are the pioneer to your family.  You go where the money is at, make them papers and you pump that money back to where you are at now.  Build up a foundation or save for a business and when you are done, you will then be the king of your castle.  With a bigger bankroll, you can reach your goal faster.  If it takes you 20 years to build a castle in the midwest, you can now do it in 10 years since the bay area pays are no joke. 

People who are from the bay area are starting to wisen up and moving out.  A house here in the bay area can fetch you lets say 1 mil.   Sell 1 mil and go buy 3 houses for the same price in the central valley which is only 1.5 hours away.  Live in one and rental property the other 2.  We are talking about a 300K homes here.  Houses around that range in the central valley are far from ghetto. 

I'm sure there are other options on how people are living but that's about the basic of them all.  If you want your money to grow super faster, get yourself a trailer and play the homeless route.  $10 a month at a gym to shower and live in your trailer van till you make a million then change option. 

results may varies

but bay area, foods are great, the weather is great, beautiful people, tons of things to do and see but the housing issue makes it not perfect.

That is how overseas people do it. They come over here to work. Since they are by themselves they don't mind having roommates or living in a studio. They send all their money back home to buy up properties or establish businesses. By the time they retire or have created a large passive income back home, they live like a king and their family is financially secure.

I have a relative who is doing something similar. However, they are not pumping money overseas but to another less expensive city. They're able to invest in properties, etc. However, this person works in the bay area but family lives elsewhere.



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