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	<title>Comments on: palo alto, median household income</title>
	<atom:link href="http://www.burbed.com/2009/11/12/palo-alto-median-household-income/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.burbed.com/2009/11/12/palo-alto-median-household-income/</link>
	<description>San Francisco Bay Area, Silicon Valley House Price and Mortgage Insanity Blog</description>
	<lastBuildDate>Wed, 08 Feb 2012 21:29:04 +0000</lastBuildDate>
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		<title>By: Pralay</title>
		<link>http://www.burbed.com/2009/11/12/palo-alto-median-household-income/#comment-39946</link>
		<dc:creator>Pralay</dc:creator>
		<pubDate>Sat, 21 Nov 2009 18:30:55 +0000</pubDate>
		<guid isPermaLink="false">http://www.burbed.com/?p=4352#comment-39946</guid>
		<description>&lt;i&gt;Or they’re native Californians who have never left this fine state.&lt;/i&gt;
-----

They don&#039;t go/travel outside California because they &lt;a href=&quot;http://www.burbed.com/2008/07/25/giant-price-cut-at-304-america-ave-in-sunnyvale/#comment-22298&quot; rel=&quot;nofollow&quot;&gt;can&#039;t spell&lt;/a&gt; name of the places outside California correctly. If they try to go/travel outside California, you would read lot of similar stories like this German guy who wanted to go Sydney, Australia but ended up at Sidney, Montana.

&lt;a href=&quot;http://www.msnbc.msn.com/id/16389973/&quot; rel=&quot;nofollow&quot;&gt;Australia-bound tourist ends up in Montana&lt;/a&gt;</description>
		<content:encoded><![CDATA[<p><i>Or they’re native Californians who have never left this fine state.</i><br />
&#8212;&#8211;</p>
<p>They don&#8217;t go/travel outside California because they <a href="http://www.burbed.com/2008/07/25/giant-price-cut-at-304-america-ave-in-sunnyvale/#comment-22298" rel="nofollow">can&#8217;t spell</a> name of the places outside California correctly. If they try to go/travel outside California, you would read lot of similar stories like this German guy who wanted to go Sydney, Australia but ended up at Sidney, Montana.</p>
<p><a href="http://www.msnbc.msn.com/id/16389973/" rel="nofollow">Australia-bound tourist ends up in Montana</a></p>
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		<title>By: burbed</title>
		<link>http://www.burbed.com/2009/11/12/palo-alto-median-household-income/#comment-39945</link>
		<dc:creator>burbed</dc:creator>
		<pubDate>Sat, 21 Nov 2009 18:04:13 +0000</pubDate>
		<guid isPermaLink="false">http://www.burbed.com/?p=4352#comment-39945</guid>
		<description>&lt;i&gt;and, on reasons to stay, I’ve been trying to find an artful way to ask this for a while, but don’t y’all have friends&lt;/i&gt;

On the flip side, how many Bay Area people have friends who are NOT somehow involved in tech? :)</description>
		<content:encoded><![CDATA[<p><i>and, on reasons to stay, I’ve been trying to find an artful way to ask this for a while, but don’t y’all have friends</i></p>
<p>On the flip side, how many Bay Area people have friends who are NOT somehow involved in tech? <img src='http://www.burbed.com/wp-includes/images/smilies/icon_smile.gif' alt=':)' class='wp-smiley' /> </p>
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		<title>By: burbed</title>
		<link>http://www.burbed.com/2009/11/12/palo-alto-median-household-income/#comment-39944</link>
		<dc:creator>burbed</dc:creator>
		<pubDate>Sat, 21 Nov 2009 18:02:28 +0000</pubDate>
		<guid isPermaLink="false">http://www.burbed.com/?p=4352#comment-39944</guid>
		<description>&lt;i&gt;Millions living in BA are doing this calculation implicitly or explicitly. Most of them are not migrating to TN precisely because their extra income justifies their extra mortgage. &lt;/i&gt;

FWIW, I find that many people in the Bay Area do not have a good sense on how much they are spending to live here (housing, transport, tax, groceries).

Actually, many are immigrants who move straight here, so they assume that all of America is like this - expensive, crowded, wide school quality variability. Or they&#039;re native Californians who have never left this fine state.</description>
		<content:encoded><![CDATA[<p><i>Millions living in BA are doing this calculation implicitly or explicitly. Most of them are not migrating to TN precisely because their extra income justifies their extra mortgage. </i></p>
<p>FWIW, I find that many people in the Bay Area do not have a good sense on how much they are spending to live here (housing, transport, tax, groceries).</p>
<p>Actually, many are immigrants who move straight here, so they assume that all of America is like this &#8211; expensive, crowded, wide school quality variability. Or they&#8217;re native Californians who have never left this fine state.</p>
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		<title>By: Herve Estater</title>
		<link>http://www.burbed.com/2009/11/12/palo-alto-median-household-income/#comment-39943</link>
		<dc:creator>Herve Estater</dc:creator>
		<pubDate>Fri, 20 Nov 2009 05:43:47 +0000</pubDate>
		<guid isPermaLink="false">http://www.burbed.com/?p=4352#comment-39943</guid>
		<description>&lt;i&gt;&gt; Just needs some artichoke hearts in there.&lt;/i&gt;

I am told that you can also replace the green onions with lard.</description>
		<content:encoded><![CDATA[<p><i>&gt; Just needs some artichoke hearts in there.</i></p>
<p>I am told that you can also replace the green onions with lard.</p>
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		<title>By: nomadic</title>
		<link>http://www.burbed.com/2009/11/12/palo-alto-median-household-income/#comment-39942</link>
		<dc:creator>nomadic</dc:creator>
		<pubDate>Fri, 20 Nov 2009 05:41:10 +0000</pubDate>
		<guid isPermaLink="false">http://www.burbed.com/?p=4352#comment-39942</guid>
		<description>wow, Herve Estater, that looks damn good!  Just needs some artichoke hearts in there.

I can already feel my arteries hardening.  :-P</description>
		<content:encoded><![CDATA[<p>wow, Herve Estater, that looks damn good!  Just needs some artichoke hearts in there.</p>
<p>I can already feel my arteries hardening.  <img src='http://www.burbed.com/wp-includes/images/smilies/icon_razz.gif' alt=':-P' class='wp-smiley' /> </p>
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		<title>By: Herve Estater</title>
		<link>http://www.burbed.com/2009/11/12/palo-alto-median-household-income/#comment-39941</link>
		<dc:creator>Herve Estater</dc:creator>
		<pubDate>Fri, 20 Nov 2009 05:34:13 +0000</pubDate>
		<guid isPermaLink="false">http://www.burbed.com/?p=4352#comment-39941</guid>
		<description>&lt;a href=&quot;http://tsfagourmet.com/TSFA/RecipePostListing.aspx&quot; rel=&quot;nofollow&quot;&gt;Tennessee tastes good to me&lt;/a&gt;:

Bell Buckle Country Store: Captain Rodney&#039;s Cheese Bake

Ingredients:
1/2 cup &lt;b&gt;mayonnaise&lt;/b&gt;
8 ounce package of &lt;b&gt;cream cheese&lt;/b&gt;
1 cup Grated Sharp &lt;b&gt;Cheddar cheese&lt;/b&gt;
2 Green onions (Chopped)
6 Butter Crackers (Crushed)
8 Slices of &lt;b&gt;bacon&lt;/b&gt; (Cooked and Crumbled)
1/2 cup of any Captain Rodney’s Glaze

Directions:
Mix mayonnaise, cream cheese, cheddar and onions in greased quiche pan. Top with crackers and bake at 350 degrees for 15 minutes. Top with bacon and any Captain Rodney’s Pepper Glaze. Serve with crackers.</description>
		<content:encoded><![CDATA[<p><a href="http://tsfagourmet.com/TSFA/RecipePostListing.aspx" rel="nofollow">Tennessee tastes good to me</a>:</p>
<p>Bell Buckle Country Store: Captain Rodney&#8217;s Cheese Bake</p>
<p>Ingredients:<br />
1/2 cup <b>mayonnaise</b><br />
8 ounce package of <b>cream cheese</b><br />
1 cup Grated Sharp <b>Cheddar cheese</b><br />
2 Green onions (Chopped)<br />
6 Butter Crackers (Crushed)<br />
8 Slices of <b>bacon</b> (Cooked and Crumbled)<br />
1/2 cup of any Captain Rodney’s Glaze</p>
<p>Directions:<br />
Mix mayonnaise, cream cheese, cheddar and onions in greased quiche pan. Top with crackers and bake at 350 degrees for 15 minutes. Top with bacon and any Captain Rodney’s Pepper Glaze. Serve with crackers.</p>
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		<title>By: Herve Estater</title>
		<link>http://www.burbed.com/2009/11/12/palo-alto-median-household-income/#comment-39940</link>
		<dc:creator>Herve Estater</dc:creator>
		<pubDate>Fri, 20 Nov 2009 05:28:27 +0000</pubDate>
		<guid isPermaLink="false">http://www.burbed.com/?p=4352#comment-39940</guid>
		<description>Another great thing about Tennessee: &lt;a href=&quot;http://news.yahoo.com/s/hsn/20091119/hl_hsn/appalachiasoutheasthithardestbyobesityanddiabetes&quot; rel=&quot;nofollow&quot;&gt;obesity and diabetes&lt;/a&gt;.

&lt;i&gt;In the Appalachia region that includes Kentucky, Tennessee and West Virginia, 81 percent of counties have high rates of diabetes and obesity. &lt;/i&gt;</description>
		<content:encoded><![CDATA[<p>Another great thing about Tennessee: <a href="http://news.yahoo.com/s/hsn/20091119/hl_hsn/appalachiasoutheasthithardestbyobesityanddiabetes" rel="nofollow">obesity and diabetes</a>.</p>
<p><i>In the Appalachia region that includes Kentucky, Tennessee and West Virginia, 81 percent of counties have high rates of diabetes and obesity. </i></p>
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	<item>
		<title>By: nomadic</title>
		<link>http://www.burbed.com/2009/11/12/palo-alto-median-household-income/#comment-39939</link>
		<dc:creator>nomadic</dc:creator>
		<pubDate>Thu, 19 Nov 2009 21:20:16 +0000</pubDate>
		<guid isPermaLink="false">http://www.burbed.com/?p=4352#comment-39939</guid>
		<description>argh.  I&#039;m the particular master of redundancy today.  ;-)

bob - got a source for that statistic?  I&#039;d be interested to see more on that.</description>
		<content:encoded><![CDATA[<p>argh.  I&#8217;m the particular master of redundancy today.  <img src='http://www.burbed.com/wp-includes/images/smilies/icon_wink.gif' alt=';-)' class='wp-smiley' /> </p>
<p>bob &#8211; got a source for that statistic?  I&#8217;d be interested to see more on that.</p>
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		<title>By: bob</title>
		<link>http://www.burbed.com/2009/11/12/palo-alto-median-household-income/#comment-39938</link>
		<dc:creator>bob</dc:creator>
		<pubDate>Thu, 19 Nov 2009 21:03:22 +0000</pubDate>
		<guid isPermaLink="false">http://www.burbed.com/?p=4352#comment-39938</guid>
		<description>&lt;i&gt;Of course. Your point? Maybe that it means the rate is even worse in CA? You’d be correct, particularly if you look at SoCal in particular.&lt;/i&gt;

 Actually, the highest number of foreclosures of homeowners with conventional loans and good credit is in the Bay Area. The Bay Area has anywhere from a 11-18% unemployment rate. Sooner or later that catches up in the form of mounting foreclosures- especially in higher priced areas where buyers took on more risk.</description>
		<content:encoded><![CDATA[<p><i>Of course. Your point? Maybe that it means the rate is even worse in CA? You’d be correct, particularly if you look at SoCal in particular.</i></p>
<p> Actually, the highest number of foreclosures of homeowners with conventional loans and good credit is in the Bay Area. The Bay Area has anywhere from a 11-18% unemployment rate. Sooner or later that catches up in the form of mounting foreclosures- especially in higher priced areas where buyers took on more risk.</p>
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		<title>By: bob</title>
		<link>http://www.burbed.com/2009/11/12/palo-alto-median-household-income/#comment-39937</link>
		<dc:creator>bob</dc:creator>
		<pubDate>Thu, 19 Nov 2009 21:00:17 +0000</pubDate>
		<guid isPermaLink="false">http://www.burbed.com/?p=4352#comment-39937</guid>
		<description>&lt;i&gt;is that really what you think you would have to make to cover a 4400/mo mortgage payment (and with taxes, etc assume at 5600/mo total housing cost). what do you think you would need to do with the other $8500?&lt;/i&gt;

I say $300,000 because my wife and I make a fairly decent income. Its less than $300,000, but still up there. All I can say is that despite living frugal, financially careful lives, what we&#039;re leftover with after taxes and living expenses is indeed enough to buy the sample $800,000 home. But if either one of us lost our jobs, those payments would very rapidly outpace our savings. Like I said- we do fairly well financially. But when you look at how much you would need to buy a house in much of the area, the reality is shocking: We&#039;d be doing like many people we know who bought and instantly turned into debt slaves, with the bulk of their incomes being poured into their houses.

 I think its been pounded into the average Bay Area resident&#039;s head that its perfectly OK to spend a high percentage of their incomes on their houses. The opposite should be true and no amount of sunshine, &quot;foreigners&quot;, or whatever makes it ok. Money is money. I for one do not believe in the Bay Area house as being anything other than a financial liability- which is what all houses in reality are.</description>
		<content:encoded><![CDATA[<p><i>is that really what you think you would have to make to cover a 4400/mo mortgage payment (and with taxes, etc assume at 5600/mo total housing cost). what do you think you would need to do with the other $8500?</i></p>
<p>I say $300,000 because my wife and I make a fairly decent income. Its less than $300,000, but still up there. All I can say is that despite living frugal, financially careful lives, what we&#8217;re leftover with after taxes and living expenses is indeed enough to buy the sample $800,000 home. But if either one of us lost our jobs, those payments would very rapidly outpace our savings. Like I said- we do fairly well financially. But when you look at how much you would need to buy a house in much of the area, the reality is shocking: We&#8217;d be doing like many people we know who bought and instantly turned into debt slaves, with the bulk of their incomes being poured into their houses.</p>
<p> I think its been pounded into the average Bay Area resident&#8217;s head that its perfectly OK to spend a high percentage of their incomes on their houses. The opposite should be true and no amount of sunshine, &#8220;foreigners&#8221;, or whatever makes it ok. Money is money. I for one do not believe in the Bay Area house as being anything other than a financial liability- which is what all houses in reality are.</p>
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