What is the equivalent home in San Diego to this $158k home in Austin?

[evolusd]

I’ve been very interested in this market as a relocation destination for my family. Finally in touch with a recruiter who has a potential opportunity.

Based on my math, for 25% less gross income I could live like a king in a nice home within 20 miles of downtown and have the same disposable income after my largest expenses (housing & taxes). Schools seem to be better in the neighborhoods I’m looking at based on GreatSchools rankings, anyway.

Definitely something I’d consider for the right opportunity.

[Eugene]

[quote]the cost difference is stark for essentially the same house.[/quote]

The house in San Diego is 50% more expensive.

[quote]Proposition 32 will really goose them very soon, since CA is going to solve the world’s global warming problem.[/quote]

Right. By how much exactly? Surely a professor can find a scholarly article quantifying the projected impact of AB32 on utility rates.

[quote]which averages about 2 1/2% of property value, vs. CA’s 1.2% on average. [/quote]

2.75% vs 0.75%.

[quote]Austin’s unemployment rate is 8.2%, vs. California’s 12% plus, a result of their business-friendly policies.[/quote]

In reality, as a result of not having had a housing bubble.

[Eugene]

[quote]the cost difference is stark for essentially the same house.[/quote]

The house in San Diego is 50% more expensive.

[quote]Proposition 32 will really goose them very soon, since CA is going to solve the world’s global warming problem.[/quote]

Right. By how much exactly? Surely a professor can find a scholarly article quantifying the projected impact of AB32 on utility rates.

[quote]which averages about 2 1/2% of property value, vs. CA’s 1.2% on average. [/quote]

2.75% vs 0.75%.

[quote]Austin’s unemployment rate is 8.2%, vs. California’s 12% plus, a result of their business-friendly policies.[/quote]

In reality, as a result of not having had a housing bubble.

[Eugene]

[quote]the cost difference is stark for essentially the same house.[/quote]

The house in San Diego is 50% more expensive.

[quote]Proposition 32 will really goose them very soon, since CA is going to solve the world’s global warming problem.[/quote]

Right. By how much exactly? Surely a professor can find a scholarly article quantifying the projected impact of AB32 on utility rates.

[quote]which averages about 2 1/2% of property value, vs. CA’s 1.2% on average. [/quote]

2.75% vs 0.75%.

[quote]Austin’s unemployment rate is 8.2%, vs. California’s 12% plus, a result of their business-friendly policies.[/quote]

In reality, as a result of not having had a housing bubble.

[Eugene]

[quote]the cost difference is stark for essentially the same house.[/quote]

The house in San Diego is 50% more expensive.

[quote]Proposition 32 will really goose them very soon, since CA is going to solve the world’s global warming problem.[/quote]

Right. By how much exactly? Surely a professor can find a scholarly article quantifying the projected impact of AB32 on utility rates.

[quote]which averages about 2 1/2% of property value, vs. CA’s 1.2% on average. [/quote]

2.75% vs 0.75%.

[quote]Austin’s unemployment rate is 8.2%, vs. California’s 12% plus, a result of their business-friendly policies.[/quote]

In reality, as a result of not having had a housing bubble.

[Eugene]

[quote]the cost difference is stark for essentially the same house.[/quote]

The house in San Diego is 50% more expensive.

[quote]Proposition 32 will really goose them very soon, since CA is going to solve the world’s global warming problem.[/quote]

Right. By how much exactly? Surely a professor can find a scholarly article quantifying the projected impact of AB32 on utility rates.

[quote]which averages about 2 1/2% of property value, vs. CA’s 1.2% on average. [/quote]

2.75% vs 0.75%.

[quote]Austin’s unemployment rate is 8.2%, vs. California’s 12% plus, a result of their business-friendly policies.[/quote]

In reality, as a result of not having had a housing bubble.

[bearishgurl]

[quote=Eugene][quote=EconProf][quote=Eugene]the cost difference is stark for essentially the same house.[/quote]which averages about 2 1/2% of property value, vs. CA’s 1.2% on average. [/quote]
2.75% vs 0.75%.[/quote]

I think Eugene is more correct. He appears to be averaging in the many hundreds of thousands of recipients of “Prop 13, Prop 58 and Prop 193” property tax “protection” when stating the average property tax rate in CA is .75 of assessed value (CA Mello-Roos Bonds are separate from property taxes but paid along with them).

The areas in TX with the majority of SFR residents on sewer have higher property taxes, perhaps 2.75% of assessed value (such as where the OP’s link is located). In small cities or towns (and their outlying areas) that don’t provide too many sidewalks, street lights and sewer/storm drains and where cable is not available have lower property taxes, perhaps 2.5%.

[bearishgurl]

[quote=Eugene][quote=EconProf][quote=Eugene]the cost difference is stark for essentially the same house.[/quote]which averages about 2 1/2% of property value, vs. CA’s 1.2% on average. [/quote]
2.75% vs 0.75%.[/quote]

I think Eugene is more correct. He appears to be averaging in the many hundreds of thousands of recipients of “Prop 13, Prop 58 and Prop 193” property tax “protection” when stating the average property tax rate in CA is .75 of assessed value (CA Mello-Roos Bonds are separate from property taxes but paid along with them).

The areas in TX with the majority of SFR residents on sewer have higher property taxes, perhaps 2.75% of assessed value (such as where the OP’s link is located). In small cities or towns (and their outlying areas) that don’t provide too many sidewalks, street lights and sewer/storm drains and where cable is not available have lower property taxes, perhaps 2.5%.

[bearishgurl]

[quote=Eugene][quote=EconProf][quote=Eugene]the cost difference is stark for essentially the same house.[/quote]which averages about 2 1/2% of property value, vs. CA’s 1.2% on average. [/quote]
2.75% vs 0.75%.[/quote]

I think Eugene is more correct. He appears to be averaging in the many hundreds of thousands of recipients of “Prop 13, Prop 58 and Prop 193” property tax “protection” when stating the average property tax rate in CA is .75 of assessed value (CA Mello-Roos Bonds are separate from property taxes but paid along with them).

The areas in TX with the majority of SFR residents on sewer have higher property taxes, perhaps 2.75% of assessed value (such as where the OP’s link is located). In small cities or towns (and their outlying areas) that don’t provide too many sidewalks, street lights and sewer/storm drains and where cable is not available have lower property taxes, perhaps 2.5%.

[bearishgurl]

[quote=Eugene][quote=EconProf][quote=Eugene]the cost difference is stark for essentially the same house.[/quote]which averages about 2 1/2% of property value, vs. CA’s 1.2% on average. [/quote]
2.75% vs 0.75%.[/quote]

I think Eugene is more correct. He appears to be averaging in the many hundreds of thousands of recipients of “Prop 13, Prop 58 and Prop 193” property tax “protection” when stating the average property tax rate in CA is .75 of assessed value (CA Mello-Roos Bonds are separate from property taxes but paid along with them).

The areas in TX with the majority of SFR residents on sewer have higher property taxes, perhaps 2.75% of assessed value (such as where the OP’s link is located). In small cities or towns (and their outlying areas) that don’t provide too many sidewalks, street lights and sewer/storm drains and where cable is not available have lower property taxes, perhaps 2.5%.

[bearishgurl]

[quote=Eugene][quote=EconProf][quote=Eugene]the cost difference is stark for essentially the same house.[/quote]which averages about 2 1/2% of property value, vs. CA’s 1.2% on average. [/quote]
2.75% vs 0.75%.[/quote]

I think Eugene is more correct. He appears to be averaging in the many hundreds of thousands of recipients of “Prop 13, Prop 58 and Prop 193” property tax “protection” when stating the average property tax rate in CA is .75 of assessed value (CA Mello-Roos Bonds are separate from property taxes but paid along with them).

The areas in TX with the majority of SFR residents on sewer have higher property taxes, perhaps 2.75% of assessed value (such as where the OP’s link is located). In small cities or towns (and their outlying areas) that don’t provide too many sidewalks, street lights and sewer/storm drains and where cable is not available have lower property taxes, perhaps 2.5%.

[bearishgurl]

[quote=Eugene][quote=EconProf]Austin’s unemployment rate is 8.2%, vs. California’s 12% plus, a result of their business-friendly policies.[/quote]

In reality, as a result of not having had a housing bubble.[/quote]

Yes, it is true that OK and TX (and perhaps other states) did not experience a “housing bubble.” So, of course their local economies would currently be stronger than CA’s economies.

[bearishgurl]

[quote=Eugene][quote=EconProf]Austin’s unemployment rate is 8.2%, vs. California’s 12% plus, a result of their business-friendly policies.[/quote]

In reality, as a result of not having had a housing bubble.[/quote]

Yes, it is true that OK and TX (and perhaps other states) did not experience a “housing bubble.” So, of course their local economies would currently be stronger than CA’s economies.

[bearishgurl]

[quote=Eugene][quote=EconProf]Austin’s unemployment rate is 8.2%, vs. California’s 12% plus, a result of their business-friendly policies.[/quote]

In reality, as a result of not having had a housing bubble.[/quote]

Yes, it is true that OK and TX (and perhaps other states) did not experience a “housing bubble.” So, of course their local economies would currently be stronger than CA’s economies.

[bearishgurl]

[quote=Eugene][quote=EconProf]Austin’s unemployment rate is 8.2%, vs. California’s 12% plus, a result of their business-friendly policies.[/quote]

In reality, as a result of not having had a housing bubble.[/quote]

Yes, it is true that OK and TX (and perhaps other states) did not experience a “housing bubble.” So, of course their local economies would currently be stronger than CA’s economies.

[Author]

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