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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (264313)	12/12/2005 5:34:07 PM
From: tejek	Read Replies (1) \| Respond to of 1578742

Ted, OC, SD and SFO are in a class of their own. As of 6/30/2005, OC's median income was nearly $700K, SD's was $605K and SFO's was $726K. DC was at $429K and Baltimore at $377K. You probably meant "median price for a home." Even then, according to your figures, D.C. is well above the average. You also forgot to list the areas around NYC, such as Long Island or Westchester County. Some relatives of mine just bought a 1,600 ft2 townhouse in Westchester County for $600K. And that house is an hour away from Manhattan. And yet they don't compare to the West coast. NYC is $467K, Long Island is $452K and Westchester is $506K. SD, the OC and SFO are in a class all their own. There is a $200K gap between even Westchester and the OC. Again, that's the amount of the median for the average home in the US. Yes, I realize that most real estate markets aren't as crazy. I could probably buy a very decent-sized house around Seattle for just $300K. But that's something that the CNN article doesn't mention. Because of the recession, Seattle's real estate didn't appreciate like the metro areas in CA. However, that changed this year as employment has started to grow again up here. Hopefully, the slowing appreciation growth in other markets will cast a negative pall over his market. Already, I've noticed some homes on the market for more than a month. I want to buy next year.....after there's a been a pullback of sorts. I hate buying at the top of the market. As for you, I don't blame you for thinking that since I live in the O.C., I must be living the rich life. The truth is far from it, but hey, it was my choice for moving here in the first place. Personally, I wonder how many other people think everyone in the O.C. must live like the TV show "The O.C." Hey, I lived in S. CA. I know what your situation is. After 5 years in LA.......I was a millionaire.........on paper. You are not rich when your wealth is tied up in the home in which you live and you are dependent upon appreciation to make the numbers work. My friends live in the OC. The way I see it, they're like gerbils on a treadmill trying to keep up with the mortgage payments. To me, that's living dangerously. But you never answered my question......why do you think McMannis knows more about this stuff than I do? ted