/biz/ - Business & Finance

[Anonymous No.55310317]

>Average home price in SF is $1.4 million dollars
>Average home price in San Diego is $900k
>Average home price in Los Angeles is $950k

How do Californians afford homes when even their median household income is $75k

[Anonymous No.55310320]

>>55310317
test

[Anonymous No.55310325]

>>55310317
i look like that and live in anaheim

[Anonymous No.55310332]

>>55310325
Not surprising. Do you happen to live near Beach Blvd & Katella?

[Anonymous No.55310340]

>>55310317
He looks straight out of apocalypto. Talking 99% mest 1% izo

[Anonymous No.55310348]

They all bought 10, 20 or 30 years ago when home prices were 50-80% less than they are now

No young people are buying a home in Los Angeles, SD or SF at these price points with these interest rates unless you have 2 married highly paid college educated couple buying together

[Anonymous No.55310355]

I've lived in all 3 and it gets boring. it's basically all about being near "good food" and sexy pucci. If you absolutely must live in CA and can afford it, then check out Ventura or OC.

[Anonymous No.55310363]

Bro just spend nothing for 12 years and buy a home, what the fuck is so hard about that? Bootstraps you lazy fucker

[Anonymous No.55310370]

>>55310348
>They all bought 10, 20 or 30 years ago when home prices were 50-80% less than they are now

Well, obviously it's boomers
>No young people are buying a home in Los Angeles, SD or SF at these price points with these interest rates unless you have 2 married highly paid college educated couple buying together

IDK man. I know a lot of college educated couples here in West LA and most work in Silicon Beach for tech companies and even they are struggling to save. Can't imagine couples with only one main breadwinner and a spouse who makes way less or even worse not working

[Anonymous No.55310378]

>>55310355
>OC

I lived in OC before. It's nice but man, even bean food sucks there, like how.its more expensive and it sucks somehow

[Anonymous No.55310393]

>>55310340
You typed two whole sentences when "cute" would have sufficed.

[Anonymous No.55310407]

>>55310317
the new meme is building a ton of townhomes in the worst fucking locations possible, that's what young people buy if they don't just live with their parents forever or aren't rich enough to have their parents buy them a house

[Anonymous No.55310412]

>>55310332
i'm not gay if that's what your asking

[Anonymous No.55310421]

>>55310407
I commute a long I-10 and there's a bunch of new townhouses I see, even in barrio areas, that start at $600k. It's fucking crazy

[Anonymous No.55310483]

>>55310317
>housing costs are rising

Solution? More immigration!

[Anonymous No.55310558]

>>55310378
We say "the OC".

[Anonymous No.55310617]

>>55310558
Say whatever you want, just stay in cali

[Anonymous No.55310661]

>>55310317
The US have a 65% homeownership rate, less in HCOL areas. The average wage earning is not the average homeowners in HCOL areas. You're looking at closer to the top 80th percentile earners for the average home owner in those places.

[Anonymous No.55310682]

>>55310483
>>55310317
immigration solves this
think of all the new construction workers and deliver people and other hard workers. for only 2-300 k people at least 14 of them will be good hard construction that make houses making them cheaper. sggkd0

[Anonymous No.55310730]

thats not even high. look at anywhere in ontario or bc

[Anonymous No.55310750]

>>55310617
We call it California

[Anonymous No.55310763]

>>55310317

[Anonymous No.55310764]

>>55310617
Ever heard of Newport Beach? There's no better place in the country to live, so don't worry, I'm not interested in moving to your shithole.

[Anonymous No.55310785]

>>55310317
We inherit them basically.

[Anonymous No.55310798]

>>55310764
Stop being a typical Newport Beach douche.
He isn't wrong OC food is overpriced and mediocre. It's only better than Silicon Valley food. We have to go to East LA to reasonably priced and authentic Spic good deliveres from behind the wall.

[Anonymous No.55310885]

>>55310798
Haha, fair enough anon.

[Anonymous No.55310965]

>>55310764
Where else have you lived?

[Anonymous No.55311181]

>>55310317
And the guy in the picture just bought one right? Is that the point of this post?

[Anonymous No.55311464]

>>55310317
is that the median home price or the mean?

[Anonymous No.55311484]

>>55310317
My poojea friend has 300k salary job at googleplex. She just bought a $2.4 mil house.

[Anonymous No.55311512]

>>55311484
>sad trombone

[Anonymous No.55311596]

>>55311484
Bullshit. 300k after CA taxes would barely cover that mortgage at today's rates.

[Anonymous No.55311642]

>>55311596
Well. She is rich brahmin. I know his father is a construction contractor.

[Anonymous No.55311653]

>>55310317
>How do Californians afford homes
They can't. Their moving to other states.

[Anonymous No.55311666]

>>55311596
She posted sometimes that India is not safe for women and she would like to sacrifice her life working so that her children would live in U.S and don't have to deal with rapist India.
Well she is ugly and had tendency to become mega feminist. It went well for her.

[Anonymous No.55311673]

>>55311464
Mr science

[Anonymous No.55311883]

>>55311484
>>55311642
>>55311666
You don't live in the US. You are indian are you're larping. You are very bad at this. Kill yourself.

[Anonymous No.55311938]

>>55311653
half right. the ones who can afford it 'work' for the government. politicians and bureaucrats. tech drones gathering your info, and tech drones censoring your speech.

[Anonymous No.55311996]

>>55311642
Now she’s a house poor Brahmin living in the state most at risk of land redistribution/unrealized equity tax/general property tax increases

[Anonymous No.55311997]

>>55310317
I have no idea how some of those celebs that live in the hills afford those mansions.. most are probably tax evading I'm guessing.

[Anonymous No.55312011]

>>55311996
to add insult to injury, average IQ in California is 75 so good luck finding a contractor competent enough to fix a leaking roof, bad electrical or plumbing. I live in a relatively well run part of the country and even here im struggling to find a mechanic competent enough to work on my car. Housing is unironically a terrible liability right now. I really don’t get how anyone can’t see that

[Anonymous No.55312369]

>>55310682
are u white

[Anonymous No.55312410]

>>55310617
No one here calls it Cali, that’s the mark of an outsider

[Anonymous No.55312430]

>>55311484
You can’t afford a 2.4 million dollar house with that salary.

Source : I make 300k and my girl makes 130k and we afford a 1.2 million dollar house but Anymoree then that would be nonsensical , let alone double .

Fun fact , very few people that make 300k actually have a 300k base salary thatt gives you monthly income that high. It’s usually 160 -200k a year spread out every 2 weeks for a year and then a one time bonus at the end . I literally don’t know any people in tech that just make 300k+ in monthly income spread except C level

[Anonymous No.55312464]

>>55312430
I’m an engineer , zero commission or sales related to my job and I still only make 180k base and get a 120k bonus but account for my mortgage payments based only on my monthly income even though the bonus is “guaranteed “

[Anonymous No.55312478]

>>55312410
Truth

I live in Humboldt and bay area cancer fucked our housing because of the COVID exodus. fuck off we're full

[Anonymous No.55312507]

>>55310317
Lots of multi-generational homes in California. Almost everyone else is living in a dual income home pulling in 150k-250k/year. Median salary for a CS grad is 90k, Engineers are making 70k+ starting, Nurses and Teachers are making 60k.

My friend in the SF Bay Area is a controller, wife is a Lawyer. Combined they're pulling in 300k/year + stock benefits. They bought a 1.4 million dollar home in 2021, financed at 3%. After their mortgage payment and taxes they have 10k/mo net.

[Anonymous No.55312874]

>>55312507
Lawyer is elite tier.
I bet their house isn’t even THAT nice.
And it’s not just her lawyer moniez pulling it in, she needs her husbands elite money too.
It’s over.

Meanwhile I left Ca And moved to the Midwest and just bought a house. 350k put 85 down.
Only making like 90k here as an engineer base and supporting a wife and kid… but hey… it’s working somehow. Just hope that damn furnace doesn’t go out before I can build enough savings to replace it. Winters here are tough…