RealEstate - THIS WILL BLOW YOUR MIND
- Thread starter traderdragon2
- Start date
What types of industries are so prevalent in Southern CA that people are getting paid so much to be able to afford housing, transportation ,health care, etc.?.Other than the RE industry and Hollywood, who are the big providers of high paying jobs. Is it the defense industry and porn.???? I watched some of the episodes of "Real Wives of Orange County"..are these people all just 2nd and 3rd generation trust fund children who moved to So Cal....???
By and large what I saw when there was that they do not pay all that well for the relative cost of living, generally speaking. This is due mainly to the large pool of cheap (mostly illegal immigrant) labor. Without which they could not do without. So many things are dependant on that labor pool out there.
My comment earlier about this being the tip of the iceberg in relation to housing is that when they mandate that smaller businesses pay for health care they add another cost which will place them further out of the competitive stream for jobs. Businesses will simply leave the state, taking many of the tax paying citizens with them. Perhaps this is happening already. I do not know.
You're not kidding..
Or watch that show Laguna Beach with those little spoiled rich girls.. Myyyyy goodness... Is it ok for a 24 year old to say those little 17 and 18 year olds are hot?? (mods??) well, they are.. But they are just the most spoiled and unappreciated kids I've ever seen.
Or even worse yet, I've been hooking up with younger girls of late and while laying around with them they've forced me to watch taht "Super sweet16 show" Parents buying their kids $100k cars for their 16th b-day!?!?!? WTF?
2nd generation trust fund babies, NO DOUBT ABOUT it..
Let's not forget the economic base of So Cal is one of the world's largest. There are plenty of good paying jobs there. I made good money in outside sales for 5 years. I could have stretched in 01 for a house, but I was feeling the need for a geography change and I am happy I did. It's a lot easier to get a good paying job in So Cal than in Denver where I live now, not that I need a job now.
That hasnt been my experience. Ive never had so many friends leave an area because they couldnt find jobs that paid well, as they have in san diego.
Ive never had so many friends with employment problems until I lived here.
The job market has never felt good here like it has in many other parts of the country I have lived in.
Lots and lots of low paying crap jobs, and a few obvious high paying jobs like scum bag attorneys, etc, but overall, not very impressive.
People CANT afford the homes they are in. Its simply the norm here to be mortgaged up to your eyeballs in SD.
The couples who buy those 800K to 1 million dollar homes in Carmel valley have combined incomes of about 100-120K
Ive never had so many friends with employment problems until I lived here.
The job market has never felt good here like it has in many other parts of the country I have lived in.
Lots and lots of low paying crap jobs, and a few obvious high paying jobs like scum bag attorneys, etc, but overall, not very impressive.
People CANT afford the homes they are in. Its simply the norm here to be mortgaged up to your eyeballs in SD.
The couples who buy those 800K to 1 million dollar homes in Carmel valley have combined incomes of about 100-120K
I left Carlsbad last August to come here to Atlanta to start a recruiting, staffing company. I decided against doing it in Carlsbad because the job market appears to be mostly smoke and mirrors. Mostly lawyers, Doctors, scientists for the biotech companies, government workers, real estate brokers, mortgage brokers, professional sales, financial planners and retired. The jobs for accoutants are lower paying then in faster growth cities like Atlanta, Dallas etc.
One rule of thumb to see how deep an economy is to see how many large cpa firms you have in the area. San Diego has no really large firms outside of the "Big 4".
John
I'm going to make an important distinction here.
To those with money, Carmel Valley, Poway, La Mesa, Lemon Grove and even Rancho Santa Fe are not desirable San Diego coastal communities.
San Diego has obviously sprawled eastward. Anyplace with "new" construction is over priced, sitting on crappy inland locales and poised for the hardest fall.
Rich guys from Pittsburgh will pay up for the California Dream. The dream ain't Poway. Those who don't need to enter SD's crap job market, want no part of those inland suburbs. As the Coast comes in off the highs, it takes the paradise premium off the inland leaving those towns dependant upon nonexistent wage growth to fuel resale prices.
Florida is the same deal. SoFla has tripled in size the past thirty years. Prime property sells. Stuff built next to the 'Glades suffers.
Those choked buyers in suburban SD county would have been better served buying a beach cottage in LaJolla instead of their 4000 sq footers, 15 miles from the beach.
To those with money, Carmel Valley, Poway, La Mesa, Lemon Grove and even Rancho Santa Fe are not desirable San Diego coastal communities.
San Diego has obviously sprawled eastward. Anyplace with "new" construction is over priced, sitting on crappy inland locales and poised for the hardest fall.
Rich guys from Pittsburgh will pay up for the California Dream. The dream ain't Poway. Those who don't need to enter SD's crap job market, want no part of those inland suburbs. As the Coast comes in off the highs, it takes the paradise premium off the inland leaving those towns dependant upon nonexistent wage growth to fuel resale prices.
Florida is the same deal. SoFla has tripled in size the past thirty years. Prime property sells. Stuff built next to the 'Glades suffers.
Those choked buyers in suburban SD county would have been better served buying a beach cottage in LaJolla instead of their 4000 sq footers, 15 miles from the beach.