Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The $50k would be eaten up by higher home costs, property taxes and income taxes. Go on Zillow and check housing prices and property taxes. The state income tax rate at the high end is north of 10%, maybe 12%? Upper middle income people are leaving CA for places like Texas. Schools are very underfunded as the local school taxes go up to the state and then cascade down through levels of bureaucracy. I lived in the East Bay for 5 years and loved the weather and the scenery but I was happy we left.

Property taxes are not high in CA, I don't know why people keep spreading this false idea. Our property taxes are low, that's why our schools are underfunded.

Huh?

What are you using to define "high" if not California?

Proposition 13 does make the taxes artificially low as compared to property values. Property taxes do not grow as much the value grows thus low.

No. The COL is crazy in San Franscisco. Especially for someone who already lives in Silver Spring.

The company would have to pay me $150K more than I'm currently making and my spouse would need to get a job with a commiserate pay bump no less than $50K increase.

You should have researched COL before you applied.

Anonymous wrote:No. I would not. It is not enough money for that area in my opinion.

I agree. I’d figure out how much a leteral real estate move would cost and use that as my benchmark for the move

Anonymous wrote:

Anonymous wrote:The $50k would be eaten up by higher home costs, property taxes and income taxes. Go on Zillow and check housing prices and property taxes. The state income tax rate at the high end is north of 10%, maybe 12%? Upper middle income people are leaving CA for places like Texas. Schools are very underfunded as the local school taxes go up to the state and then cascade down through levels of bureaucracy. I lived in the East Bay for 5 years and loved the weather and the scenery but I was happy we left.

Property taxes are not high in CA, I don't know why people keep spreading this false idea. Our property taxes are low, that's why our schools are underfunded.

Huh?

What are you using to define "high" if not California?

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The $50k would be eaten up by higher home costs, property taxes and income taxes. Go on Zillow and check housing prices and property taxes. The state income tax rate at the high end is north of 10%, maybe 12%? Upper middle income people are leaving CA for places like Texas. Schools are very underfunded as the local school taxes go up to the state and then cascade down through levels of bureaucracy. I lived in the East Bay for 5 years and loved the weather and the scenery but I was happy we left.

Property taxes are not high in CA, I don't know why people keep spreading this false idea. Our property taxes are low, that's why our schools are underfunded.

The schools are mismanaged, not underfunded.

No. They may be mismanaged but they're completely underfunded as well.

Anonymous wrote:

Anonymous wrote:The $50k would be eaten up by higher home costs, property taxes and income taxes. Go on Zillow and check housing prices and property taxes. The state income tax rate at the high end is north of 10%, maybe 12%? Upper middle income people are leaving CA for places like Texas. Schools are very underfunded as the local school taxes go up to the state and then cascade down through levels of bureaucracy. I lived in the East Bay for 5 years and loved the weather and the scenery but I was happy we left.

Property taxes are not high in CA, I don't know why people keep spreading this false idea. Our property taxes are low, that's why our schools are underfunded.

The schools are mismanaged, not underfunded.

Anonymous wrote:

Anonymous wrote:The $50k would be eaten up by higher home costs, property taxes and income taxes. Go on Zillow and check housing prices and property taxes. The state income tax rate at the high end is north of 10%, maybe 12%? Upper middle income people are leaving CA for places like Texas. Schools are very underfunded as the local school taxes go up to the state and then cascade down through levels of bureaucracy. I lived in the East Bay for 5 years and loved the weather and the scenery but I was happy we left.

I looked at state incone taxes recently and CA is about 1% higher than MoCo. Maryland is a high tax state so there aren’t many places you can move where taxes are significantly more. RE taxes are definitely higher in CA though.

Acccording to this analysis, Maryland has a higher property tax than CA.
VA and CA are tied.

https://wallethub.com/edu/states-with-the-highest-and-lowest-property-taxes/11585/

If we were in tech with no kids and in our 20's we'd do it despite the higher housing costs and taxes. You won't save much out of the $50k but you will be in the heart of technology and in a very nice part of the country in terms of the weather. If you have roots in DC area you might consider renting out your SS house and renting in CA. Give yourself two years to see how it is working out and stay on birth control because you don't need a surprise.

Anonymous wrote:The $50k would be eaten up by higher home costs, property taxes and income taxes. Go on Zillow and check housing prices and property taxes. The state income tax rate at the high end is north of 10%, maybe 12%? Upper middle income people are leaving CA for places like Texas. Schools are very underfunded as the local school taxes go up to the state and then cascade down through levels of bureaucracy. I lived in the East Bay for 5 years and loved the weather and the scenery but I was happy we left.

I looked at state incone taxes recently and CA is about 1% higher than MoCo. Maryland is a high tax state so there aren’t many places you can move where taxes are significantly more. RE taxes are definitely higher in CA though.

Anonymous wrote:The $50k would be eaten up by higher home costs, property taxes and income taxes. Go on Zillow and check housing prices and property taxes. The state income tax rate at the high end is north of 10%, maybe 12%? Upper middle income people are leaving CA for places like Texas. Schools are very underfunded as the local school taxes go up to the state and then cascade down through levels of bureaucracy. I lived in the East Bay for 5 years and loved the weather and the scenery but I was happy we left.

Property taxes are not high in CA, I don't know why people keep spreading this false idea. Our property taxes are low, that's why our schools are underfunded.

It wouldn't be hard to rent out your 4 br in SS, and to then rent in CA. You have to adjust your expectations on what kind of home you would be living in there.

The $50k would be eaten up by higher home costs, property taxes and income taxes. Go on Zillow and check housing prices and property taxes. The state income tax rate at the high end is north of 10%, maybe 12%? Upper middle income people are leaving CA for places like Texas. Schools are very underfunded as the local school taxes go up to the state and then cascade down through levels of bureaucracy. I lived in the East Bay for 5 years and loved the weather and the scenery but I was happy we left.

We moved to the Cupertino area a year ago—-on a salary of $125k for DH, I’m a SAHM. We’re renting a 700 sq ft townhouse walking distance to a cute downtown area, my husband takes light rail to work and also can take the Shuttle Bus (big tech companies like Apple and Google have them). His commute can be 20-45 minutes. There are people I know who live in Santa Cruz by the beach and commute to cupertino three days a week. Lots of people are leaving the area for lower cost of living places, but housing is still v pricey. I love it here, people are so much nicer than in DC. Your housing $$$ will not go as far. We wouldn’t be able to afford to buy in DC anyway, so the move here wasn’t a big deal.

Depends on the reason to move. Just for the money - no. You will be trading your house for a manufactured house if you don't want a mind numbing commute.

Only if you are looking for a temporary adventure. But you will likely not be able to buy another home with that amount of extra money. But if you like the area go for it before you have kids!