Ted, > A single guy in LA in his 20s and 30s with a BMW pays close to $2k.....higher if he's had an accident.
Maybe that was true for you, but that's how much my wife and I pay for our car insurance combined.
You and your wife don't live in LA:
Five most expensive cities for auto insurance
1. Detroit, MI: $5,162
2. Philadelphia, PA: $4,142
3. Newark, NJ: $3,482
4. Los Angeles, CA: $3,225
5. New York City, NY: $3,127
insurance.com
Try buying a $500k house on $60k.
The vast majority of LA County residents do not make over $60K/year. How do they do it?
The vast majority of them don't. Average homeownership is lower in LA county compared to the country.
Remember, that's also for 9-10 months of work, which would be the equivalent of $72K/year for 12 months of work.
Bentway also proved that LAUSD teachers are paid like 40-50% above the national average. How do you explain that?
Do you think LA teachers should get paid as little as those in Podunk, Iowa? Remember.......you get what you pay for. And just for the record, I wouldn't teach in an LA school for only $60k.....and you wouldn't either. |
