- This topic has 115 replies, 19 voices, and was last updated 11 years, 9 months ago by EconProf.
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February 8, 2013 at 1:07 PM #20512February 8, 2013 at 1:11 PM #758979spdrunParticipant
Where in AZ? Phoenix is a hot, dusty dump with a lot of unpleasant people. Up north and Tucson are more tolerable.
February 8, 2013 at 1:22 PM #758982sdsurferParticipantI think he said North Phoenix…is that the epicenter of the dump of unpleasantness? Maybe everyone that moved there expected more and ended up with a nice quarter acre lot on the sun so they are unhappy about it?
February 8, 2013 at 1:27 PM #758984spdrunParticipantA quarter-acre lot which is unbearable to use for anything outdoorsy 4 months out of 12. Much rather have a condo in CA with no lot and access to a lot of beautiful public park space.
I know a few people who bought in Phoenix in 2006-7 and are basically stuck there, wishing they could either move to CA or back to NYC. A big lot isn’t all that it’s cracked up to be.
February 8, 2013 at 1:29 PM #758986The-ShovelerParticipantSeriously ?
I don’t think a Coastal SoCal native would be able to survive Phoenix regardless of the lot,In the summer it is like 90 degrees at midnight in September.
I talked to people who were so happy just to get back to TV after the bust. (Let that sink in a little).
Most front yards are just dirt, no trees, no green anything.
February 8, 2013 at 1:32 PM #758987spdrunParticipantAnd if you do have serious irrigation or a pool, it becomes a mosquito paradise. Yeah, surprising, but the skeeters are BADASS out there.
February 8, 2013 at 1:49 PM #758988no_such_realityParticipant[quote=sdsurfer]I think he said North Phoenix…is that the epicenter of the dump of unpleasantness? Maybe everyone that moved there expected more and ended up with a nice quarter acre lot on the sun so they are unhappy about it?[/quote]
North Phoenix is California east. Phoenix area in general has a real problem with Californians coming and bringing the California nuttery they want away from with them.
Arizona versus Cali:
Housing, cheaper, way cheaper.
IncomeTaxes, cheaper, top marginal rate is like 4.5%
Sales tax, cheaper, 6% versus 8%
Property taxes, a bit higher.
Electricity, about 25% cheaper, but you use more so closer to a wash. No solar rebates, foot the bill yourself, it’ll pay.
GDP, lower overall but higher per Capita. They have 1/6th our population and 1/4th our GDP
Gas, lower, about 10%
Food, higher, about 10% Meat is shockingly expensive in Phoenix for some reason.
Wages anywhere from 25% less to on par depending on skill.February 8, 2013 at 1:55 PM #758989sdsurferParticipantGood stuff NSR. I’ll send him that website or send him to this thread.
Kind of interesting that food is more expensive as he does have 2 kids so food would be a big consideration?
On the wages part….I would personally believe that CA would attract more applicants thus having to pay a little more for the more qualified ones, but I also know people refer to employers knowing people want to live in CA so they can sometimes pay less.
Can anyone chime in on the job front? I think his wife would have to find a new job out there.
February 8, 2013 at 1:58 PM #758990spdrunParticipantI don’t know — when I went shopping with a friend in Phoenix, some food (not only meat, some fruits and veggies) was actually more than I paid in NYC.
February 8, 2013 at 2:14 PM #758992CDMA ENGParticipantThree reasons not to move to PHX…
No Tourmo
No Swami’s
No San O/C
Former Zonie resident.
CE
February 8, 2013 at 2:15 PM #758993MistaVistaParticipantI am the friend and here is some of the reasoning.
1) Housing cost- For $350k I can purchase a newer home with 4-5 bdrms, and 3 plus baths, with a pool and a 3 car garage for my boat π
2)Even if I find something in my price range here there is a slim chance I will get it, it will be similar to the house in South Park where I was told I can’t even look at it unless I submit an offer.
3) This house Arizona would be in a high end neighborhood with premier schools while here for that I would get a condo in a low end neighborhood with poor schools take (10 out of 10 versus 5 out of ten using south park as an example).
4)This brings us to education…California has 500 plus million in unfunded teacher pensions and no plan how to pay for it, unless the genius Browns magic bullet train is the first train to be profitable.
5) Longterm Goals- it is difficult to plan for college tuition, retirement and gain equity when my wife has the best paying job she has ever had and we are living paycheck to paycheck in a 1000sq. ft rental for 2k/mo.Maybe its hot, of Course I will miss surfing but its seems like a smart move even though some may disagree.
February 8, 2013 at 2:36 PM #758994spdrunParticipantSo your argument mainly has to do with real estate costs. Why not just stay in CA and buy rentals in an area that has a more favorable buy-to-rent ratio, using the income from them to finance a better lifestyle in CA?
$350k of rental property (financed) should net you $10-15k/yr at least, putting a dent in that 1000 sf condo expense. Keep in mind that average house size up till the ’70s in America was about 1000 sf, so don’t discount living in that size home with a family (people do it all the time in New York).
February 8, 2013 at 2:39 PM #758995no_such_realityParticipant[quote=spdrun]So your argument mainly has to do with real estate costs. Why not just stay in CA and buy rentals in an area that has a more favorable buy-to-rent ratio, using the income from them to finance a better lifestyle in CA?[/quote]
Probably because he’s struggling to pay rent now. That’s the pay-check to pay-check line and $2000/rental. You can’t get financing for a rental purchase if your debt to expense ratio on living is already too high. They won’t count rental income until it’s established. So buying to back fill his living expenses isn’t likely an option.
So I have a friend that left seven years ago, still happy.
Do your pro-con to moving.
To be honest, since you don’t own a home now, the only con I see to trying the move is the age of your children and potential distance then to family.
Go, decide if you like it and stay, decide you don’t like it, move back. A 1000sf place packs easily into a U-haul.
February 8, 2013 at 2:42 PM #758996spdrunParticipantYou LIE. Take the job in Phoenix, buy something that’s suitable as a rental, get yourself fired, then rent it out and hightail it the hell back to CA. (And yes, you’ll pay a higher rate to get that flexibility, but it’s worth it.)
Also, if he can buy $350k of property in Phoenix, he can do the same in Escondildo or Visduh. Rent expense doesn’t count if you’re officially buying a primary.
February 8, 2013 at 2:48 PM #758997no_such_realityParticipant[quote=spdrun]You LIE. Take the job in Phoenix, buy something that’s suitable as a rental, get yourself fired, then rent it out and hightail it the hell back to CA. (And yes, you’ll pay a higher rate to get that flexibility, but it’s worth it.)
Also, if he can buy $350k of property in Phoenix, he can do the same in Escondildo or Visduh. Rent expense doesn’t count if you’re officially buying a primary.[/quote]
So you’re saying what I said. Go, try it. Decide you like it or not.
And yes, he could buy a $350K place here too. He said that. I think he implied $350K isnt’ that great. Or yea, he could move to Visduh. Now what’s the real difference between Visduh and Phoenix?
IMHO, if you don’t live within bike riding distance of the beach, the reality is most people are lucky to go once or twice a year. Surfers included, it’s amazing how many surfboards you see in garages East of I5 versus how many you see driving down to the beach from east of the I5…
And call me old fashion, I try to minimize my options that start out “you LIE” π
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