furioussugar
New member
#
Irvine housing- % to income
- Thread starter furioussugar
- Start date
Los Angeles , San Francisco, and San Jose have highest home price to income ratio.http://www.forbes.com/sites/zillow/...come-ratios-hiding-behind-low-mortgage-rates/
I would guess average home buyers at Irvine purchase home for about 5 to 6 times of their annual household income. However, most buyer's loan to income ratio are probably at a manageable 30% due to high down payment and low interest rate. Spend 30% of pre-tax income on housing is high but nothing here in Irvine is cheap.
I would guess average home buyers at Irvine purchase home for about 5 to 6 times of their annual household income. However, most buyer's loan to income ratio are probably at a manageable 30% due to high down payment and low interest rate. Spend 30% of pre-tax income on housing is high but nothing here in Irvine is cheap.
homer_simpson
Well-known member
I think it's about 5-6% in Irvine...
I won't feel safe with anything over 3%..
I won't feel safe with anything over 3%..
usctrojancpa
Well-known member
H O M E R said:
homer_simpson
Well-known member
homer_simpson
Well-known member
I need to find my picture with Ben I had when he visited Stanford. That guy is so fun to talk!
furioussugar said:You hear all the time that the cost of housing shouldn't exceed a certain %. And with the run up in prices lately, I often wonder how far families are stretching their budgets to buy here. Of course, Irvine is VERY special
What do you think is the average % of income people are now spending to buy in Irvine? All cash doesn't count as well as people who purchased more than 10 years ago.
Of course, this is an entirely subjective question- but I'm curious as to what everyone here thinks the % of housing costs (P&I, HOA and taxes) are against gross income.
You are thinking like the poor white man. If you think like the poor white man you will never become like the rich yellow man. The reason there is so much affordable housing in Irvine is because the rich yellow man is squeezing the poor white man out and the poor white man petition the government to create more affordable housing so he can stay.
usctrojancpa
Well-known member
Wow, good thing I bought when I did or else I would have been priced out forever and would have to get on the list for one of those affordable housing units.test said:furioussugar said:You hear all the time that the cost of housing shouldn't exceed a certain %. And with the run up in prices lately, I often wonder how far families are stretching their budgets to buy here. Of course, Irvine is VERY special
What do you think is the average % of income people are now spending to buy in Irvine? All cash doesn't count as well as people who purchased more than 10 years ago.
Of course, this is an entirely subjective question- but I'm curious as to what everyone here thinks the % of housing costs (P&I, HOA and taxes) are against gross income.
You are thinking like the poor white man. If you think like the poor white man you will never become like the rich yellow man. The reason there is so much affordable housing in Irvine is because the rich yellow man is squeezing the poor white man out and the poor white man petition the government to create more affordable housing so he can stay.
quattroporte
New member
test said:furioussugar said:You hear all the time that the cost of housing shouldn't exceed a certain %. And with the run up in prices lately, I often wonder how far families are stretching their budgets to buy here. Of course, Irvine is VERY special
What do you think is the average % of income people are now spending to buy in Irvine? All cash doesn't count as well as people who purchased more than 10 years ago.
Of course, this is an entirely subjective question- but I'm curious as to what everyone here thinks the % of housing costs (P&I, HOA and taxes) are against gross income.
You are thinking like the poor white man. If you think like the poor white man you will never become like the rich yellow man. The reason there is so much affordable housing in Irvine is because the rich yellow man is squeezing the poor white man out and the poor white man petition the government to create more affordable housing so he can stay.
Test is one sour grape.
Test, were you priced out of Irvine at the early part of 2012 (the market bottom, in case you have a hard time comprehending) with the ultra-low interest rates? If that is the case, I totally understand you being upset.
Based on test's comment, it seems he is either poor and white or poor and yellow. Cant really tell if he is poor and brown. We will have to wait for a racist response from test to make that determination. Test, can you please clarify?
quattroporte
New member
borca said:
Or both!
quattroporte
New member
borca said:
test is probably 60% to 70% at an affordable housing OUTSIDE of Irvine. No wonder he is always mad. He has no money left to go out and have fun, that's why he is always on this forum venting and being grumpy.
We should set up a welfare fund for test.
homer_simpson
Well-known member
Yes sorry. 50-60% not. 5-6% 
irvinehomeowner
Well-known member
Suuuure... we know you are 5-6% because you're a baller.H O M E R said:Yes sorry. 50-60% not. 5-6%
The Motor Court Company
Well-known member
life is sad for typical Americans - big companies moves job overseas, enrich people like the Chinese and now the Chinese are buying Canadian farm land and America homes, and pricing out the natives.
broda said:
