3 ms·
If you were able to afford a $250k house on $40k/year salary, why can't you afford a $1 million house on a "comfortable six figure salary" (if, presumably, that
by balfirevic 6y ago
If you were able to afford a $250k house on $40k/year salary, why can't you afford a $1 million house on a "comfortable six figure salary" (if, presumably, that means at least $160k/year)?
- talmr 6y agoBecause everything else is also more expensive in California. Way higher taxes. Gas costs double. My car registration fees for two cars was over a thousand dollars. The houses you can get for a million dollars have 3 small bedrooms, dated interiors, and pathetic back yards. If you want to live in an area that's safe and has good schools, you really need to pay a huge premium. A friend of mine purchased a 3 bedroom house that's really nice, and his down payment was almost as much as a house in Ohio. I do love living here, but it isn't really a fair comparison when it comes to housing. The houses I am mentioning in Ohio have acre plots, and large rooms. If someone was to make less money in Ohio than their counterpart in California, I would say their dollar would stretch more in housing. Right now, even though I make decent money, I still live with house mates. I park my cars on the street, and I've had to deal with numerous crimes (bikes stolen, car registration stickers stolen, someone stole my bike rack, etc.) FWIW I'm not the kind of person to trash California. I think there are still a lot of merits to living here.
- talmr 6y agoAlso my parents couldn't afford a house there, and still don't have their own home. We were immigrants here, and our experience in Ohio was honestly a really good one with a supportive community.