cbs5.com – Bay Area’s Population Shifts As Many Leave Calif.
Christen Davis just opened a flower stand in downtown Oakland as a last-ditch effort to stay here in the Bay Area. She’s thinking about leaving.”I was just talking to my boyfriend this morning about it, because he has good friends who just moved to Idaho because it’s much cheaper, and they started a family and wanted to get a business started,” Davis said. “It’s like there’s no middle class here.”
Is there any turth to what Christen is saying? Let’s take a look at these stats from Housing Tracker – I’ve sorted it by “Mortgage as a percentage of income”:
Christen, look dear. Oakland, where you live isn’t even #1 in the list of “Mortgage as a percentage of income” – that’s New York. Now, granted that Manhattan isn’t as special as Oakland but look – it’s only 54% of your income.
That leaves a generous 46% left for property taxes, car taxes, income taxes, groceries, gas, private school, and more!
At the end of the day: what’s more important? being selfish and starting a family? or buying a place and paying for the retirement of those who bought before 1978? Have you no respect for our seniors?
You know what Christen? Maybe it’s best you move to somewhere unspecial like Idaho. I hear they’re making plenty of land there. Go buy something there – see how you live without 580, 880, and 980!