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100,000 will make you go broke in California

Discussion in 'Economics and Financials' started by padre31, Jun 28, 2009.

  1. padre31

    padre31 Premium Member Luxury Box

    Nov 22, 2007
    inching to 100k posts


    100k is not really much money in the Golden State when all is said and done.
    gafinfan likes this.
  2. HolliFinFan

    HolliFinFan Not a Face Painter Luxury Box

    Nov 24, 2007
    South Florida
    I think it comes down to one's lifestyle and area of living...without frills, one could live comfortably on that in South Florida--no vacation, assuming a home is owned and bought within one's means...The problem is here people overextend--huge mortgage, two new cars, etc. Others get sucked into living beyond their means by mortgage companies. Long term owners are doing fine; those in the last three years, owe more than the house is worth, and you can guarantee they have credit card debit out the arse.

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