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Politics : Formerly About Advanced Micro Devices
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To: Road Walker who wrote (246707)8/20/2005 2:32:26 PM
From: tejek  Read Replies (1) of 1571529
 
But Florida has accumulated some striking distinctions. Just last week, the Tampa Bay area was deemed the least affordable metro area in the nation based on the cost of housing and getting around. The study by two nonprofit think tanks said bay area residents spend an average of 57.7 percent of household expenditures on housing and transportation.

Part of the problem for Tampa is the explosion of housing costs is relatively recent. Like we discussed before, housing costs stayed constant in Tampa for more than a decade......from the 1970s to the 1990s. Whereas in CA, housing costs started exploding in the late 1970s. Since then, people have built up a lot of equity. Not someone like Ten who just moved there but others who have lived there for decades. Consequently, not as much of their disposable income is going to housing as in Tampa and other areas who have seen their housing prices jump up in recent years. Plus, CA parents give a portion of their equity to their kids so they can get started in the housing market. Finally, everyone knows that CA housing costs are disportionate to the rest of the country so corps. often give people transferring to CA a cost of living bonus. All that doesn't exist in FLA.......at least not yet.

ted
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