State tax rate between 50K and 150K of income:
AZ:4.24% vs. CA:9.3%
Sales tax.
San Diego: 8%
Phoenix: 9.3%
If you want to compare Lakeside to Scottsdale, you go right ahead. This is one reason why that may not be a good idea. % Percent bachelor’s degree or higher:
Scottsdale: 52.9%
Santee: 17.6%
Lakeside: 13.4%
Ramona: 23.1%
sdduuuude, can I just ask you what a “bachelor’s degree” has to do with the price of tea in China?
H@ll, there are MANY property owners in MH, PL, LJ and DM, for that matter, who have never even SEEN the inside of a college campus! Some of them no doubt possess “GEDs” or are actually “HS dropouts.” This fact in an of itself doesn’t make them “stupid” or “bad neighbors.”
The truth is, East County (SD) is full of “old-timers” who grew up there, established themselves as adults there and never left. That doesn’t make them “stupid” or “unable to make their mortgage payments because they got in over their head,” like so many seemingly “highly educated” people drawn to *newer* areas did!
I’d like to see how the rest of PHX fares in the “college-degree attained” contest because I don’t think this “OP’s friend” can afford Scottsdale, lol. At least not for the property he wants to buy. They’re currently living “paycheck to paycheck” paying $2000 mo rent in SD.
How much does the sum of utilities plus possible HOA dues added to monthly PITI come to every month on the OP’s friend’s “required” house in PHX?
If it is anywhere close to $2000, they will again be living “paycheck to paycheck.” And that is only if his spouse is able to land a $50K job there (so they will not have any drop from their current SD income).
The Piggs should all know by now that “educational attainment or lack thereof” has absolutely NOTHING TO DO with having personal integrity … or not. That is, many of those who have little to no personal integrity often find themselves deliberately getting in over their head in debt in attempting to live beyond their means, college degreed be damned. The reality is, the “highly educated” are the WORST OFFENDERS in this regard.
WHY? Because they somehow think they “deserve” to live a particular “lifestyle” based upon “educational attainment” and don’t wish to gain equity by living a “lesser lifestyle” in a lesser area first, like the rest of the world does. IOW, “paying their dues” has gone out the window.
It is a known fact that an individual’s educational-level attained has little to nothing to do with (depending on micro-area) the equity value of their RE holdings (or lack thereof) in CA.
Call it what you will and lament all you want but as a matter of fact, the micro-areas of CA that reflect the MOST homeowner equity are actually those with the LEAST-educated homeowners!
Gen Y and other “striving” Piggs need to make peace with this fact because it’s the way it is and always has been.
