Home › Forums › Financial Markets/Economics › $500k and 33years old, when is enough enough?
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December 21, 2010 at 9:01 AM #644121December 21, 2010 at 9:04 AM #643016
jstoesz
ParticipantI figured as much, but sometimes it is more fun to take a person at their word.
December 21, 2010 at 9:04 AM #643087ParticipantI figured as much, but sometimes it is more fun to take a person at their word.
December 21, 2010 at 9:04 AM #643668ParticipantI figured as much, but sometimes it is more fun to take a person at their word.
December 21, 2010 at 9:04 AM #643804ParticipantI figured as much, but sometimes it is more fun to take a person at their word.
December 21, 2010 at 9:04 AM #644126ParticipantI figured as much, but sometimes it is more fun to take a person at their word.
December 21, 2010 at 9:14 AM #643021NotCranky
Participant[quote=jstoesz]I figured as much, but sometimes it is more fun to take a person at their word.[/quote]
Yeah it was more fun left as humorous banter.December 21, 2010 at 9:14 AM #643092Participant[quote=jstoesz]I figured as much, but sometimes it is more fun to take a person at their word.[/quote]
Yeah it was more fun left as humorous banter.December 21, 2010 at 9:14 AM #643673Participant[quote=jstoesz]I figured as much, but sometimes it is more fun to take a person at their word.[/quote]
Yeah it was more fun left as humorous banter.December 21, 2010 at 9:14 AM #643809Participant[quote=jstoesz]I figured as much, but sometimes it is more fun to take a person at their word.[/quote]
Yeah it was more fun left as humorous banter.December 21, 2010 at 9:14 AM #644131Participant[quote=jstoesz]I figured as much, but sometimes it is more fun to take a person at their word.[/quote]
Yeah it was more fun left as humorous banter.December 21, 2010 at 9:29 AM #643026Participant[quote=Eugene][quote=jstoesz]
A note about taxes. I dare you to compare the tax burden of a CA resident to a MN resident. After income tax, sales tax, gas tax…there is no comparison. Just saying, taxes are a bad subject for you. [/quote]mmkay.
Income tax. Assuming married filing jointly with 100k of income (nice round number), CA income tax, according to the online calculator, comes out to $5,008. MN does not have an online calculator, but I ran the numbers using tax brackets from bankrate.com and I got $6,485.
Sales tax. CA: 8.75%, MN (Brooklyn Park): 7.275%.
Property tax. No brainer, MN is higher (it’s going to be hard to find a state whose property taxes are lower than in CA, thank Howard Jarvis for that). Partly offset by higher house prices in CA.
Gas tax. CA: 35c/gal, MN: 27.5c/gal.
I have to call it a draw.
[quote]I ditched the MM tracts, because MN just doesn’t have the asian population to support the demographic comparison. So I took a near by Linden hills neighborhood and looked for a comparable in SD. In the NY times demographic link.[/quote]
I have no idea who buys houses in Mission Hills. Most likely not young couples with children (MH is not renown for its schools.) I used MM as a benchmark of a reasonably affordable neighborhood with good schools. Asian presence is irrelevant. If you want to prove the thesis that SD is unaffordable, you need to demonstrate safe neighborhoods in Minneapolis/Spokane/Denver which are substantially cheaper than MM.[/quote]
I will have to do some digging over lunch or when I get home. But off the top of my head, I would assume some of the following suburbs would be similar to MM, although probably a bit nicer. As in much bigger houses on more land, but per capita income is probably lower.
Eagan
Burnsville
St. Luis Park
Apple Valley
LakeviewI am not extremely familiar with either metros schools, so I would be grasping at straws to make a strong comparison of schools…lets hope I can turn up some apples to apples data.
December 21, 2010 at 9:29 AM #643097Participant[quote=Eugene][quote=jstoesz]
A note about taxes. I dare you to compare the tax burden of a CA resident to a MN resident. After income tax, sales tax, gas tax…there is no comparison. Just saying, taxes are a bad subject for you. [/quote]mmkay.
Income tax. Assuming married filing jointly with 100k of income (nice round number), CA income tax, according to the online calculator, comes out to $5,008. MN does not have an online calculator, but I ran the numbers using tax brackets from bankrate.com and I got $6,485.
Sales tax. CA: 8.75%, MN (Brooklyn Park): 7.275%.
Property tax. No brainer, MN is higher (it’s going to be hard to find a state whose property taxes are lower than in CA, thank Howard Jarvis for that). Partly offset by higher house prices in CA.
Gas tax. CA: 35c/gal, MN: 27.5c/gal.
I have to call it a draw.
[quote]I ditched the MM tracts, because MN just doesn’t have the asian population to support the demographic comparison. So I took a near by Linden hills neighborhood and looked for a comparable in SD. In the NY times demographic link.[/quote]
I have no idea who buys houses in Mission Hills. Most likely not young couples with children (MH is not renown for its schools.) I used MM as a benchmark of a reasonably affordable neighborhood with good schools. Asian presence is irrelevant. If you want to prove the thesis that SD is unaffordable, you need to demonstrate safe neighborhoods in Minneapolis/Spokane/Denver which are substantially cheaper than MM.[/quote]
I will have to do some digging over lunch or when I get home. But off the top of my head, I would assume some of the following suburbs would be similar to MM, although probably a bit nicer. As in much bigger houses on more land, but per capita income is probably lower.
Eagan
Burnsville
St. Luis Park
Apple Valley
LakeviewI am not extremely familiar with either metros schools, so I would be grasping at straws to make a strong comparison of schools…lets hope I can turn up some apples to apples data.
December 21, 2010 at 9:29 AM #643678Participant[quote=Eugene][quote=jstoesz]
A note about taxes. I dare you to compare the tax burden of a CA resident to a MN resident. After income tax, sales tax, gas tax…there is no comparison. Just saying, taxes are a bad subject for you. [/quote]mmkay.
Income tax. Assuming married filing jointly with 100k of income (nice round number), CA income tax, according to the online calculator, comes out to $5,008. MN does not have an online calculator, but I ran the numbers using tax brackets from bankrate.com and I got $6,485.
Sales tax. CA: 8.75%, MN (Brooklyn Park): 7.275%.
Property tax. No brainer, MN is higher (it’s going to be hard to find a state whose property taxes are lower than in CA, thank Howard Jarvis for that). Partly offset by higher house prices in CA.
Gas tax. CA: 35c/gal, MN: 27.5c/gal.
I have to call it a draw.
[quote]I ditched the MM tracts, because MN just doesn’t have the asian population to support the demographic comparison. So I took a near by Linden hills neighborhood and looked for a comparable in SD. In the NY times demographic link.[/quote]
I have no idea who buys houses in Mission Hills. Most likely not young couples with children (MH is not renown for its schools.) I used MM as a benchmark of a reasonably affordable neighborhood with good schools. Asian presence is irrelevant. If you want to prove the thesis that SD is unaffordable, you need to demonstrate safe neighborhoods in Minneapolis/Spokane/Denver which are substantially cheaper than MM.[/quote]
I will have to do some digging over lunch or when I get home. But off the top of my head, I would assume some of the following suburbs would be similar to MM, although probably a bit nicer. As in much bigger houses on more land, but per capita income is probably lower.
Eagan
Burnsville
St. Luis Park
Apple Valley
LakeviewI am not extremely familiar with either metros schools, so I would be grasping at straws to make a strong comparison of schools…lets hope I can turn up some apples to apples data.
December 21, 2010 at 9:29 AM #643814Participant[quote=Eugene][quote=jstoesz]
A note about taxes. I dare you to compare the tax burden of a CA resident to a MN resident. After income tax, sales tax, gas tax…there is no comparison. Just saying, taxes are a bad subject for you. [/quote]mmkay.
Income tax. Assuming married filing jointly with 100k of income (nice round number), CA income tax, according to the online calculator, comes out to $5,008. MN does not have an online calculator, but I ran the numbers using tax brackets from bankrate.com and I got $6,485.
Sales tax. CA: 8.75%, MN (Brooklyn Park): 7.275%.
Property tax. No brainer, MN is higher (it’s going to be hard to find a state whose property taxes are lower than in CA, thank Howard Jarvis for that). Partly offset by higher house prices in CA.
Gas tax. CA: 35c/gal, MN: 27.5c/gal.
I have to call it a draw.
[quote]I ditched the MM tracts, because MN just doesn’t have the asian population to support the demographic comparison. So I took a near by Linden hills neighborhood and looked for a comparable in SD. In the NY times demographic link.[/quote]
I have no idea who buys houses in Mission Hills. Most likely not young couples with children (MH is not renown for its schools.) I used MM as a benchmark of a reasonably affordable neighborhood with good schools. Asian presence is irrelevant. If you want to prove the thesis that SD is unaffordable, you need to demonstrate safe neighborhoods in Minneapolis/Spokane/Denver which are substantially cheaper than MM.[/quote]
I will have to do some digging over lunch or when I get home. But off the top of my head, I would assume some of the following suburbs would be similar to MM, although probably a bit nicer. As in much bigger houses on more land, but per capita income is probably lower.
Eagan
Burnsville
St. Luis Park
Apple Valley
LakeviewI am not extremely familiar with either metros schools, so I would be grasping at straws to make a strong comparison of schools…lets hope I can turn up some apples to apples data.
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