
Lilmsmaggie

Aug 24, 2012, 7:50 PM
Post #27 of 33
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Re: [mazbook1] Single? Living on your own is still the exception - is this true?
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joanquinx, I certainly DO know the difference between U.S. dollars and Mexican pesos. I don't think it would be possible to rent even a studio apt. in NYC with all bills and extras paid for $1200 dollars a month. Actually, probably not in any major metro area in the U.S. True. $1200 wouldn't get you much here in the states and California is no exception. Housing costs tend to increase the closer you get to the coast and major cities. I lived in the San Francisco bay area for about 10 years. In the East Bay to be exact. At the time (1983-1986), I occupied a garage converted into a 1-bdr studio for about $800/mo. It was cozy about 800 sq. ft., and it was cheaper than the going rate for 1 bedroom apartments in complexes in the area. Now, you probably couldn't get that same place for under $1400. I think it would be safe to say that an unfurnished 1-bdr apartment in the Sacramento area will range from $875-1200+ depending on the area. Contrast that with the cost a friend who recently moved to Florida, paid for his 1-bdr rental in Menlo Park ($2500/mo.) for the same amount of space I was paying to rent the converted garage. But he could afford it. On the other hand; he couldn't afford to buy a house. But he wasn't alone. There are professional athletes and well-paid health professionals (read doctors) that can't afford to buy a home in the San Jose, San Mateo, San Francisco, Oakland area; and you can forget about Marin. We're not talking new properties - but properties that are 15-20 yrs. and older. Many people who now live in the Central Valley found themselves priced out of the Bay Area housing market. Its not uncommon for someone to live in Stockton or Sacramento and commute to San Jose - San Francisco to work. That's 4 hrs, round-trip in non-commute traffic! Dwain (aka Lilmsmaggie)
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