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Re: High salary vs. High cost of living article
Old 05-24-2005, 08:51 PM   #21
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Re: High salary vs. High cost of living article

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Originally Posted by MRGALT2U
We* have a Del Webb "Sun City" in Huntley, Illinois outside of Chicago.
"Sun City"?* What is that?* I thought it was a goofy concept but am told
that this development has been quite successful.* Seems like a
contradiction in terms (Sun City in Illinois). JG
Take a look at this post and its reply #4.

But the residents probably want all their dog poop to be on leeches...
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Re: High salary vs. High cost of living article
Old 05-24-2005, 09:09 PM   #22
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Re: High salary vs. High cost of living article

Speaking of lottery, Los Vegas has lottery to purchase new homes.
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Re: High salary vs. High cost of living article
Old 05-24-2005, 09:17 PM   #23
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Re: High salary vs. High cost of living article

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Originally Posted by Ginger
We are up in Orange County and houses have tripled in price.
There are a lot of medical device companies from Irving to San Clemente area. I thought about relocating at one point and was discouraged (or amused) by the cost of a 2,000 ft home in that area. The price tag was about $800K a year ago. I suppose it is even more expensive now.

I often wonder how these companies can compete with those located in less expensive area. Do they have to pay higher employee salaries, rent, and utilities?

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Re: High salary vs. High cost of living article
Old 05-24-2005, 09:40 PM   #24
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Re: High salary vs. High cost of living article

I've wondered that, myself. My wife's Biotech company must have to pay gobs since it's located in Sorrento Valley, a part of San Diego that is quite expensive. But I think part of it is Sorrento Valley has been a biotech haven for some time, and for high skilled jobs, you have to go where the community/labor force is. Plus, I guess when you are an in demand worker, you can demand nice work locations as well as large salaries.
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Re: High salary vs. High cost of living article
Old 05-24-2005, 10:42 PM   #25
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Re: High salary vs. High cost of living article

A big concern for biotec professionals is proximity to professional development. Thus, biotec firms are sited near universities with strong biotec programs. That is why there is a concentration in San Diego and the east side of SF Bay.

The same can be said for high-tec.
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Re: High salary vs. High cost of living article
Old 05-25-2005, 02:20 AM   #26
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Re: High salary vs. High cost of living article

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Originally Posted by Have Funds, Will Retire
This somewhat reinforces my pov; you cannot count the equity in your house as part of your retirement portfolio (aside from having low or no mortgage payments), unless you plan to cash out. I suppose you could also do a heloc, second mortgage, reverse mortgage, but going further into debt is anathema to most on this board.
Or sell and rent in the same area...depending on the disparity of rents and home prices.

I could sell my house for ~$400k and rent a similar floorplan within rock throwing distance for ~$1200 a month.

Thats a pretty good plan "b"...or at least a very pleasant plan "c" or "d".
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Re: High salary vs. High cost of living article
Old 05-25-2005, 07:03 AM   #27
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Re: High salary vs. High cost of living article

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Originally Posted by You dont know me
Or sell and rent in the same area...depending on the disparity of rents and home prices.

I could sell my house for ~$400k and rent a similar floorplan within rock throwing distance for ~$1200 a month.

Thats a pretty good plan "b"...or at least a very pleasant plan "c" or "d".
I have seriously considered this, i.e. selling and then renting in the same area.
However, with a smoker and 4 dogs, finding a place to rent is difficult.
Besides, we like it where we are. Waterfront, good neighbors, nice view,
right size, good fishing, etc. Nope, guess we will stay put for a while.
If only it wasn't in Illinois

JG
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Re: High salary vs. High cost of living article
Old 05-25-2005, 01:37 PM   #28
 
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Re: High salary vs. High cost of living article

Laurence,

Assuming that you can call some places generally more "desirable" than others, it seems self evident that more desirable locations will give you less bang for the buck.* *If folks are naturally going to gravitate to some locations over others, it stands to reason that it will also skew the compensation/cost-of-living ratio. Employers will not pay more than they have to.* My take on the bottom ten and top ten lists as that they roughly reflect places I wouldn't mind living, and places that I would have to be dragged kicking and screaming.

On a slight tangent, is it axiomatic that the amount of rhapsodizing by local natives about a particular location is inversely proportional to its general appeal?*

tozz
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Re: High salary vs. High cost of living article
Old 05-25-2005, 01:41 PM   #29
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Re: High salary vs. High cost of living article

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Originally Posted by tozz
Laurence,



On a slight tangent, is it axiomatic that the amount of rhapsodizing by local natives about a particular location is inversely proportional to its general appeal?

tozz
LOL! I think you're on to something.
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Re: High salary vs. High cost of living article
Old 05-25-2005, 07:20 PM   #30
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Re: High salary vs. High cost of living article

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Originally Posted by tozz
Laurence,


On a slight tangent, is it axiomatic that the amount of rhapsodizing by local natives about a particular location is inversely proportional to its general appeal?*

tozz
Man that UP of Michigan, now that is the place! Lets try to keep it hidden and maybe it'll catch on.


Lets see, in addition to the fall, winter and spring seasons, there are the black fly season, the mosquito season, the deer fly season and a few others.....
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Re: High salary vs. High cost of living article
Old 05-25-2005, 07:40 PM   #31
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Re: High salary vs. High cost of living article

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Originally Posted by yakers
Man that UP of Michigan, now that is the place! Lets try to keep it hidden and maybe it'll catch on.


Lets see, in addition to the fall, winter and spring seasons, there are the black fly season, the mosquito season, the deer fly season and a few others.....
Yeah, but northern Minn. and northern Wisc. are the same. I would often be bit by critters for which we had no name. Minn. and Wisc. (the cities at least) are liberal
enclaves. I prefer black flies, deer flies, and mosquitos.

JG
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