Sorry, I haven’t had a chance to write, but I’ve been on a tour interviewing for jobs in California. I picked up a guide to the real estate today and it was really an eye opener. Anything more than a 2 bedroom, 2 bathroom place was 1M+. I can see why mortgage companies are coming out with 40 and 50 year fixed mortgages. It’s really a necessity for them to do business. Without them, it would be near impossible to pay the monthly payments on a typical salary. I’m not even sure I can get by on the increased salary. It will be an adventure either way.
Hey, just came across your blog from pfblogs.org and saw your post about California. I haven’t had a chance to read through all your blog yet to find out where you are coming from, but thought you might be interested in my post about cost of living in different cities. Here is the link: http://mymoneypath.blogspot.com/2006/07/cost-of-living-how-expensive-is-your.html
Lazy Man and Money says
Thanks, I will check it out. I moved from Boston and except for the cost of buying a place, it seems to be close to the same costs of living.