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The Strategist sounds like he's coming from the perspective of The Asian Contagion in the Bay Area.
From where they come, the horribly overcrowded and overexpensive (and Cool And Hip) Bay Area is the Wide Open Prairie, at Bargain Prices.
They cannot fathom there's a higher quality of life in other parts of the US, and cannot fathom that there's other stuff of Value besides the Money, The Equity, the API, etc.
you know you're a californian when... this makes sense.
Look in Kennesaw and Marietta. 3700 sq ft for 280k. It's dirt cheap in the burbs. Not bs. Search mls yourself.
Which school district in Marietta? Walton or wheeler, other schools there are not good....those will be closer 150-200/sq. ft. If it's under 100/sf it's prob going to need significant work, penny wise, pound foolish unless you are handy IMO.
Average price per square foot for Marietta GA was $117, an increase of 6.4% compared to the same period last year.
As I said in the second part of the post, you would be commuting from an hour out most days unless commuting off-peak, which Kennesaw certainly is. Also schools in Kennesaw are crap as far as I can tell. Also shit ton of rednecks in parts of Marietta and more so the further north you go.
Go to Marietta diner sometime and tell me what you see if you don't believe me or J Christopher in Kennesaw when it's kind of busy.
Price per sq ft avg in Kennesaw (1hr north of downtown Atlanta, longer if there is an accident): The average home price in Kennesaw is $259,900, which is 33.3% higher than the average sold price in Kennesaw ($195,000) . The average home price per square foot in Kennesaw is $98 and about 4% of all homes in Kennesaw sold in the last 6 months.
http://www.realtor.com/local/Kennesaw_GA/home-prices
If you did the same thing from an hour out of the Bay Area you would find more reasonable prices although definitely not 75/sq ft
If you are commuting from San bernardino county or riverside county you could find houses for about 125/sq ft
To your point, there is value to be had but for someone who has managed to survive living in California and can come to the Atlanta area without a drop off in income, Kennesaw is a step down in demographics/schools compared to looking inside the perimeter or better suburban neighborhoods if you have kids. If you are single without kids, pretty much anyplace outside the perimeter is just big box stores and typical suburbia.
Laughable
When was the last time you came to Atlanta? I went to school her 20 years ago as an undergrad at emory and it is far different today.
My townhome had gone up to 400K and dropped all the way to 180 and I bought at 234k....which was 86/sq ft. Today the units are selling at 135/sq ft. The average for my zip is 158 and is close to the cdc emory etc.
Most of the new construction town homes are going for 200/sq ft and averaging 450-500k asking price.
Downtown Decatur , a place that was a ghetto when you lived here 20 yrs ago is a pretty well developed and gentrifying area today. Tons of restaurants and lot of high density housing and fixer uppers running 1 million dollars for 3000 sq ft homes. Some of the town homes in downtown Decatur have a 700k asking price
Downtown Decatur is a combination of hipsters/artists, college students and families with young children moving for the high quality public schools, some of the most highly ranked in the metro Atlanta area.
Lot of properties in Downtown Decatur are commanding 300/sq ft. I'm skeptical as to the level of demand driving these prices but they are going up for the foreseeable future. I suspect another bust cycle in the near future but people are going to continue to move to Atlanta a lot more than Chicago, Boston or pretty much any city in the northeast other than NYC.
Atlanta was about 3 million in the early 90s when the growth started and today it is almost double that.
At least you didn't move to Raleigh, that place is much worse and probably more expensive than Atlanta. I've lived there too.
When was the last time you were in Raleigh?
Downtown Decatur , a place that was a ghetto when you lived here 20 yrs ago is a pretty well developed and gentrifying area today. Tons of restaurants and lot of high density housing and fixer uppers running 1 million dollars for 3000 sq ft homes. Some of the town homes in downtown Decatur have a 700k asking price
That is almost bay area pricing?
When was the last time you were in Raleigh?
Around 1994. And my biggest complaint was that it was more expensive to live there than Baltimore (or Atlanta or Charlotte) but it was a much smaller metro area. IBM had moved a bunch of people there right before I got there, and that made the rents higher than they otherwise would have been, but even stuff in the stores was more expensive too. That and the apartment I had was uninsulated, so it totally sucked, despite being expensive. That and the place is pretty fucking boring.
Lots of constzzyzzx says
Around 1994. And my biggest complaint was that it was more expensive to live there than Baltimore (or Atlanta or Charlotte) but it was a much smaller metro area. IBM had moved a bunch of people there right before I got there, and that made the rents higher than they otherwise would have been, but even stuff in the stores was more expensive too. That and the apartment I had was uninsulated, so it totally sucked, despite being expensive. That and the place is pretty fucking boring.
Lots of constructions since then.
If you had such a bad apartment perhaps you went to the getho area. Lots of types of housing to choose from. You can check pice/sqfeet today. It's a bargain if you look at most America today and people from CA or Washington are looking forward to move in.
Perhaps you don't like the outdoors, but with 3 major universities, a tech/pharmaceutical campus, lots of internationals, one of the highest PhD concentrations of the country, you just have to look harder if you want entertainment. If you want to be full suburban, it's your option.
You can get a burguer for $9-$10. Is it cheaper in Atlanta?
-J
If you did the same thing from an hour out of the Bay Area you would find more reasonable prices although definitely not 75/sq ft
I don't think you get it. The large majority of public schools in CA are garbage. We were already sending our kids to private, so if we do that in GA, no biggie. An expense we are prepared for. A house with good schools in CA will fetch $600-800k usually. You can get east Cobb schools and a decent home for $250k.
We can go back and forth, but your money goes a lot further out here and my commute isn't any longer because I was already dealing with traffic in CA.
Trying to compare the two is like comparing apples and oranges. They are nothing alike and one is 2-3x the cost for less amenities.
If you had such a bad apartment perhaps you went to the getho area.
Not really, it was 50% more expensive than Baltimore. And it's not like you have any way of knowing in advance if a rental unit is properly insulated. It's not like the building was particularly old. It even let in too much humidity which damaged some of my personal belongings (and made it difficult to add gas to my car once).
The Strategist sounds like he's coming from the perspective of The Asian Contagion in the Bay Area.
From where they come, the horribly overcrowded and overexpensive (and Cool And Hip) Bay Area is the Wide Open Prairie, at Bargain Prices.
They cannot fathom there's a higher quality of life in other parts of the US, and cannot fathom that there's other stuff of Value besides the Money, The Equity, the API, etc.
Hello B.A.C.
I look at the BA and California from a different point of view. The BA is actually the cheapest place to purchase a home in all of America. Where can you get 6%+ appreciation, at a cost of 4% for the loan. You are actually getting paid to live there. :)
Yep.
Told'ya. It's all about The Money, The Equity, (and maybe The Standardized Test Scores in your neighborhood School, fancy German Sedan). At Bargain Prices!
You think the rest of the USA has more to offer in Quality of Life? You Stupid Podunk Haolie Devils!
I look at the BA and California from a different point of view. The BA is actually the cheapest place to purchase a home in all of America. Where can you get 6%+ appreciation, at a cost of 4% for the loan. You are actually getting paid to live there. :)
You get the 6% appreciation maybe for a 10 year max boom cycle (if you're lucky), but the mortgage at 4% interest is usually 30 years. The time to get out is near. Take a look how fast prices and rents crashed in 2008, there wasn't much time to react. Watch the venture money, once it starts drying up get the hell out of dodge. The cracks are already visible.
Yep.
Told'ya. It's all about The Money, The Equity, (and maybe The Standardized Test Scores in your neighborhood School, fancy German Sedan). At Bargain Prices!
You think the rest of the USA has more to offer in Quality of Life? You Stupid Podunk Haolie Devils!
California, especially So. California has the best quality of life. It's December and I can hike with just a T-shirt. And getting paid 6% appreciation at the same time. If that makes me stupid, I'm glad to be stupid.
And you ought to be ashamed of being a racist. You will never amount to anything in your life with that bitter attitude.
I look at the BA and California from a different point of view. The BA is actually the cheapest place to purchase a home in all of America. Where can you get 6%+ appreciation, at a cost of 4% for the loan. You are actually getting paid to live there. :)
You get the 6% appreciation maybe for a 10 year max boom cycle (if you're lucky), but the mortgage at 4% interest is usually 30 years. The time to get out is near. Take a look how fast prices and rents crashed in 2008, there wasn't much time to react. Watch the venture money, once it starts drying up get the hell out of dodge. The cracks are already visible.
Honestly, all I see is a very bright future in the next 20 years. We will have:
A long period of growth.
Energy costs, especially with solar will drop like a rock.
New inventions will make life better for all.
Our living standards will jump.
Sticks and stones!
You'd be surprised. There's a whole lotta non-white Californian Americans, including maybe even me, who aren't impressed when someone Pulls The Race Card.
It ain't about race, pal. There's Americans of all Colors and all Stripes, including ethnic Asians, getting priced out and pushed out by the tsunami in recent years.
It's not race.
It's culture. And it's a
Subset of Culture, "The Elites".
Sticks and stones!
You'd be surprised. There's a whole lotta non-white Californian Americans, including maybe even me, who aren't impressed when someone Pulls The Race Card.
It ain't about race, pal. There's Americans of all Colors and all Stripes, including ethnic Asians, getting priced out and pushed out by the tsunami in recent years.
It's not race.
It's culture. And it's a
Subset of Culture, "The Elites".
Then what was the point of making silly racist remarks? If you are getting priced out, move to where you said the quality of life was better.
You sound more confident and lucid joshuatrio, have you been working out?
Something different about you...
If you did the same thing from an hour out of the Bay Area you would find more reasonable prices although definitely not 75/sq ft
I don't think you get it. The large majority of public schools in CA are garbage. We were already sending our kids to private, so if we do that in GA, no biggie. An expense we are prepared for. A house with good schools in CA will fetch $600-800k usually. You can get east Cobb schools and a decent home for $250k.
We can go back and forth, but your money goes a lot further out here and my commute isn't any longer because I was already dealing with traffic in CA.
Trying to compare the two is like comparing apples and oranges. They are nothing alike and one is 2-3x the cost for less amenities.
Congratulations on your move. If what you have isn't working for you, then you have to find something that does and I'm happy for you that you found it.
bdrasin,
Your remark.... That's the difference, you're not some Smarty-Pants who wants to Prove Joshua Wrong for his Balanced Perspective on deciding What's Best for His Family.
One thing's for sure: They won't be Pressure Washing the flesh of Joshua's kids from the Caltrain rails.
One thing's for sure: They won't be Pressure Washing the flesh of Joshua's kids from the Caltrain rails.
Ha ha ha. You are just as funny as you are crazy. The best thing that ever happened to you was to be born in America. If you were a Saudi, you would have been a suicide bomber.
Yep, Keeping Face and Getting In The Last Word, part of the Recently New Reality in the Coveted Bay Area!
Not really, it was 50% more expensive than Baltimore. And it's not like you have any way of knowing in advance if a rental unit is properly insulated. It's not like the building was particularly old. It even let in too much humidity which damaged some of my personal belongings (and made it difficult to add gas to my car once).
Sounds to me you were unlucky
Today there is lots of people who move thinking on the (relatively) low price or housing. It's an oasis in the middle of redneck country. Still lots of land to build
https://www.rentjungle.com/average-rent-in-raleigh-rent-trends/
https://www.rentjungle.com/average-rent-in-baltimore-rent-trends/
And damn it feels good to finally get out of that state after 8 years
I'm out this week!
I don't think you get it. The large majority of public schools in CA are garbage. We were already sending our kids to private, so if we do that in GA, no biggie.
The public schools in CA are great
The public schools in CA are great… if and only if you live in a neighborhood where the median home price is around $2M or greater.
That is enough of a percentage where you have strong-minded parents who are willing to make sure the local public K-12 are held to a high standard.
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Took my west coast salary and profitable LLC with me - after I pay 2015 taxes to CA, the state won't get another dime from me.
Ended up moving to the Southeast. It's pretty nice here. Gas is dirt cheap, tons of food options, lots of jobs, good gun laws, friendly people, low taxes and seems like a decent place to set up shop. While the traffic sucks, I'm near bike trails that will get me directly to work.
I'll be paying cash for a house in the next few months, and then quitting my day job to pursue my own ventures. It's a lot easier to do that out here. No more slumlords.
F U California. And damn it feels good to finally get out of that state after 8 years. I'll miss your coastline, but nothing else.