I wish the Central Valley housing market was going up like some of these other places in this thread.
In So Cal i'm going nuts trying to find a 2 bedroom for a decent price. Bottom barrell is about $1600 and anything decent near me is ~$2000.... for a 2 bedroom apartment.
I don't know how folks are doing this. I think most folks are just spending significantly more of their take home on rent these days in So Cal.
In So Cal i'm going nuts trying to find a 2 bedroom for a decent price. Bottom barrell is about $1600 and anything decent near me is ~$2000.... for a 2 bedroom apartment.
I don't know how folks are doing this. I think most folks are just spending significantly more of their take home on rent these days in So Cal.
That's about right for SoCal .. Solution = make more money.
You'd need like 150k. Which is reasonable for two (three?) income HH.
Fair enough, but if I want to work in semicon, Austin's the closest place from Dallas that has decent opportunities since everyone's there (AMD, Intel, Avago, Maxim, Apple, etc.)I think that Austin is overpriced for what it offers. I initially was gonna settle down there since that is what everyone from California is doing but now that I am in Houston I am glad that I ended up here instead.
Agreed, that's the number I peg it at to live a decent middle class lifestyle in SoCal.
Yes you can definitely get by with less, but "Decent middle class Jones' lifestyle" with 2 cars and a yard = 150k.
EXCEPTION: You live with your parents or already own a house outright.
I put my rental on the market on Saturday, in 32 min my realtor called and said we had a full price offer. I accepted it.
Told you the market in denver is red hot.
Nice. Where is it located and what price range is it in?
Its rural, NE of Brighton about 5 miles. It's a small 2 bed 1 bath 980 sqft. $160
I put about 5k into it to refresh it for the sale.
Its rural, NE of Brighton about 5 miles. It's a small 2 bed 1 bath 980 sqft. $160
I put about 5k into it to refresh it for the sale.
Long story short, my wife and I are thinking about selling our current place and moving a couple towns over. Basically we like our neighborhood, but due to wetlands in our area it is very hard to do anything with our lot. Since we have small kids, we want a property with more useable land.
Anyway, we have started to look at new homes and all I can say is holy cr@p prices have gone up big time in our area. The average asking price of a 4BR, 2 bath 2100 square foot home in the towns near me is over 500k, which is ridiculous considering the nearest major metropolitan area is Boston, some 55 miles away. Cripes, the neighborhood next to mine is filled with 1000 square foot 1950s era ranches, and they are selling like hot cakes at ~$325k.
Anyone else noticing this? Or are things just crazy in my area?
i dunno man, my wife and i make well over 150k and we're doing pretty well with a house that cost us $2285/mo for mortgage (well right now she isn't working so we aren't quite over 150k but almost there) and it would be tough for us to live our same lifestyle out in san diego due to houses costing like $600k for the equivalent what we have right now. definitely wouldn't be able to continue going on as many vacations and stuff if we moved out there.
$160/month to rent an apartment?
EDIT:
oh nm, think you meant your rental property was up for sale, not rent. $160k i'm assuming then.
Fair enough, but if I want to work in semicon, Austin's the closest place from Dallas that has decent opportunities since everyone's there (AMD, Intel, Avago, Maxim, Apple, etc.)
city culture is overrated
suburban is also meh
living in the country is where it's at
Yeah, at that price range, people are going to snap it up. Average sale price in Denver around $415k for a detached...anything under $300k moves very quickly. Congrats on your sale.
Interest rates are still low so it opens up the market to inflated prices. Flips are going to happen and people are going to keep moving until the interest rates move the other direction and slow the market.
Anything upwards of $400K is selling like hot cakes. My next door neighbor recently sold their house first day for $5K over asking, at ~$320K. Similar to us, for a house they bought back in 2008 for ~$230-240K. This is near Brighton as well, so not like somewhere super duper desirable close to downtown. They moved back out to Iowa. Likewise, it gets harder and harder for me to resist cashing out and moving back to Wisconsin/Milwaukee-area to be close to family.