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ARTICLE: You need to earn $62,000 a year to a studio apt. in Orange County, CA
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Date: October 19th, 2016 7:01 PM Author: Lime lascivious station http://www.ocregister.com/articles/month-732589-rents-rent.html
Some of Orange County’s most affordable cities had the biggest rent hikes over the summer, according to a new report by apartment tracker Real Answers.
Stanton – once Orange County’s most affordable town – saw asking rents for a vacant unit in a large apartment complex jump 8 percent in the past year. This summer, asking rents in Stanton hit $1,626 a month, vs. $1,304 a month four years ago.
Brea, Fountain Valley and Cypress – three other towns with below-average lease rates – saw rents increase year over year by 6.9 percent to 7.4 percent. Rents there this summer averaged $1,754 a month, $1,801 a month and $1,741 a month, respectively.
Huntington Beach, already among Orange County’s high-rent cities, had the county’s second biggest rent hike this summer, with average asking rents up 7.5 percent to $2,011 a month.
The countywide average during the summer hit an all-time high of $1,965 a month, up 5.2 percent from the summer of 2015.
A drop in vacancies helped drive up rents. Real Answers reported the countywide vacancy rate at 3.4 percent, the lowest in 10 years.
The Real Answers report is at least the third out this month documenting apartment rents in the county. It also had the highest monthly rent average.
MPF Research reported a countywide average of $1,896 a month this summer; Reis Inc., in a separate survey, reported that asking apartment rents here averaged $1,781 a month.
Real Answers rent reports tend to skew higher because it only includes the largest apartment buildings, ranging from 90 to 1,750 units apiece. Larger complexes tend to have more amenities and higher rents.
By comparison, Reis’ survey includes buildings of 20 or more units, while the average number of units in complexes surveyed by MPF was 190.
Although the surveys varied, all three apartment trackers showed the same trend, with rents hitting all-time highs and ultra-low vacancy rates.
Real Answers’ survey included nearly 139,000 apartments, or roughly a third of all rentals in the county, U.S. Census figures show.
The firm’s summer rent report showed landlords are seeking higher lease rates in all 23 cities included, with asking rents up $52 to $141 a month from last year’s rates.
Newport Beach continues to have the county’s highest apartment rents. Landlords last summer were seeking an average of $2,513 a month, up 4.8 percent or $116 a month from a year earlier. Newport monthly rents climbed $600 over the past six years.
The next priciest cities all have asking rents topping $2,000 a month: Irvine (average, $2,231), Aliso Viejo ($2,059), Huntington Beach ($2,011) and Costa Mesa ($2,007).
The most economical cities are Buena Park ($1,523), La Habra ($1,605), Stanton ($1,626) and Garden Grove ($1,627).
Even tiny studio apartments are pricey. The average rent for an Orange County studio was $1,548 a month this summer, Real Answers reported. To put that into perspective, you need an annual income of nearly $62,000 to afford that average big-complex studio (meaning that you pay no more than 30 percent of your gross income on rent).
Studios also had the biggest rent hikes, with lease rates up 7.7 percent from a year earlier. And they had the second-highest rent per square foot at $2.91 per foot. |
Date: October 19th, 2016 7:04 PM Author: Appetizing Gunner Juggernaut South OC local here. We're putting up some YUGE numbers (http://www.autoadmit.com/thread.php?thread_id=3392087&forum_id=2#31681418) |
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Date: October 19th, 2016 7:04 PM Author: Lime lascivious station how the fuck do you afford the rent? (http://www.autoadmit.com/thread.php?thread_id=3392087&forum_id=2#31681428) |
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Date: October 19th, 2016 7:09 PM Author: Appetizing Gunner Juggernaut Well, I don't rent. Rich parents. I will admit that a disgusting number of 25+ yr olds still live with their parents, and they always post the article iin this thread as the reason. (http://www.autoadmit.com/thread.php?thread_id=3392087&forum_id=2#31681473) |
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Date: October 19th, 2016 7:11 PM Author: Lime lascivious station you still live w parents?
who the fuck are all these people renting? |
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Date: October 19th, 2016 7:15 PM Author: Appetizing Gunner Juggernaut No, I live around Brentwood/Santa Monica area now, but I visit a fair amount.
Renters in Newps and Laguna Beach are always rich kids with do-nothing jobs. I have friends who rent on the peninsula in newport w/ <50k/yr jobs. Otherwise, if you can get three of your bros to live with you it's really not prohibitively expensive. |
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Date: October 19th, 2016 7:16 PM Author: Lime lascivious station the apartments at the peninsula are shit. Sure, gorgeous women, but where are you supposed to fuck them if you live in a small apt. with 3 other dudes? (http://www.autoadmit.com/thread.php?thread_id=3392087&forum_id=2#31681535) |
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Date: October 19th, 2016 7:22 PM Author: Appetizing Gunner Juggernaut I completely agree, but my anecdotal friends live in a nice condo right on 33rd street. Unacceptable when you're older, but absolutely choice when you're our age. (http://www.autoadmit.com/thread.php?thread_id=3392087&forum_id=2#31681590) |
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Date: October 19th, 2016 7:29 PM Author: Diverse house-broken private investor How often do you hit up Qs? (http://www.autoadmit.com/thread.php?thread_id=3392087&forum_id=2#31681652) |
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Date: October 19th, 2016 7:30 PM Author: Appetizing Gunner Juggernaut A lot brother. I've been out of town, but I watched the last UFC fight there. Cabo Cantina for the coronas.
That second story balcony is my domain. |
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Date: October 19th, 2016 7:32 PM Author: Diverse house-broken private investor Your bringing back memories of my LA days. Good times. (http://www.autoadmit.com/thread.php?thread_id=3392087&forum_id=2#31681673) |
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Date: October 19th, 2016 7:35 PM Author: Appetizing Gunner Juggernaut Make a trip back soon, the city is getting objectively nicer as people start to flee SF.
Also, to further pique your nostalgia, I saw at least 3 objective 10s at the Barrington starbucks this morning ungggggh |
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Date: October 19th, 2016 7:41 PM Author: Diverse house-broken private investor I'm in LA a few times a year. Agree it's gotten a lot better. Uber makes it 180x better. (http://www.autoadmit.com/thread.php?thread_id=3392087&forum_id=2#31681757) |
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Date: October 19th, 2016 7:42 PM Author: Appetizing Gunner Juggernaut Uber was MADE for LA brother. See you at Qs (http://www.autoadmit.com/thread.php?thread_id=3392087&forum_id=2#31681766) |
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Date: October 19th, 2016 7:49 PM Author: Diverse house-broken private investor Usually hit up Santa Monica / Venice when I'm there. (http://www.autoadmit.com/thread.php?thread_id=3392087&forum_id=2#31681834) |
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Date: October 19th, 2016 7:50 PM Author: Appetizing Gunner Juggernaut I've been really into Finn McCools --> Main Street (31ten lately)
Check out Buffalo Club in SM if you haven't been yet |
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Date: October 19th, 2016 7:54 PM Author: Diverse house-broken private investor 31ten used to be a milf bar. That still true? (http://www.autoadmit.com/thread.php?thread_id=3392087&forum_id=2#31681881) |
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Date: October 19th, 2016 7:57 PM Author: Appetizing Gunner Juggernaut No, since I've been going there it's been a pretty young crowd, even at the tables. Milfs might have moved to nighttime Bungalow (http://www.autoadmit.com/thread.php?thread_id=3392087&forum_id=2#31681910) |
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Date: October 19th, 2016 7:34 PM Author: Lime lascivious station thoughts on Triangle Square in Costa Mesa?
did you shop at Irvine Spectrum? South Coast Plaza? |
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Date: October 19th, 2016 7:37 PM Author: Appetizing Gunner Juggernaut In all honesty I avoid Costa Mesa/HB, a lot of inland empire trashiness gets dragged in.
I prefer the Spectrum for casual shopping/dinner...South Coast isn't as walkable. Fashion Island has some great high-er brow dinner spots/shopping, I head there when I can. |
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Date: October 19th, 2016 7:39 PM Author: Lime lascivious station so Mission Viejo, Dana Point, Aliso Viejo, Laguna Hills, Lake Forest, San Juan Capistrano are the only cr places? (http://www.autoadmit.com/thread.php?thread_id=3392087&forum_id=2#31681742) |
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Date: October 19th, 2016 7:41 PM Author: Appetizing Gunner Juggernaut San Clemente is nice if that doesn't interfere with your work commute. And that's a great list...Irvine is nice albeit boring. Generally, everything is advisable below costa mesa/huntington.
Disclaimer, I haven't spent much time in Fountain Valley/Orange...but they do seem nice as well. Just obviously give Anaheim a wide berth. |
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Date: October 19th, 2016 7:46 PM Author: Lime lascivious station Eastside Costa Mesa (East of 55 freeway & West of Newport Beach) is very CR ... nice white enclave. (http://www.autoadmit.com/thread.php?thread_id=3392087&forum_id=2#31681801) |
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Date: October 19th, 2016 7:48 PM Author: Appetizing Gunner Juggernaut Again brother, I am showing you this because I want you to maek it in OC.
Costa Mesa isn't bad because of the Mexis, it's bad because you sometimes find yourself around this:
http://www.ocweekly.com/news/white-power-with-a-lisp-6402866 |
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Date: October 19th, 2016 7:49 PM Author: Appetizing Gunner Juggernaut But yes, some parts of Newps blend with Costa Mesa, especially if I'm envisioning the correct area (http://www.autoadmit.com/thread.php?thread_id=3392087&forum_id=2#31681835) |
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Date: October 19th, 2016 7:43 PM Author: Appetizing Gunner Juggernaut Also check out Ladera Ranch, above SJC (http://www.autoadmit.com/thread.php?thread_id=3392087&forum_id=2#31681771) |
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Date: October 19th, 2016 7:55 PM Author: fighting primrose stag film hominid Is that the pool bar by the airport (http://www.autoadmit.com/thread.php?thread_id=3392087&forum_id=2#31681893) |
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Date: October 19th, 2016 7:57 PM Author: Appetizing Gunner Juggernaut Nah, it's on santa monica boulevard or wilshire in Brentwood (http://www.autoadmit.com/thread.php?thread_id=3392087&forum_id=2#31681919) |
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Date: October 19th, 2016 7:04 PM Author: nubile nowag looks like ur going to be living with mamá for a while, NEET faggot (http://www.autoadmit.com/thread.php?thread_id=3392087&forum_id=2#31681429) |
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Date: October 19th, 2016 7:12 PM Author: Lime lascivious station fuck dat i'm moving to ARE country (http://www.autoadmit.com/thread.php?thread_id=3392087&forum_id=2#31681502) |
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Date: October 19th, 2016 7:13 PM Author: concupiscible office trust fund so half as expensive as SF? (http://www.autoadmit.com/thread.php?thread_id=3392087&forum_id=2#31681512) |
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Date: October 19th, 2016 7:16 PM Author: Appetizing Gunner Juggernaut Straight up. Living in SF was hell in comparison. (http://www.autoadmit.com/thread.php?thread_id=3392087&forum_id=2#31681534) |
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Date: October 19th, 2016 7:16 PM Author: Lime lascivious station describe (http://www.autoadmit.com/thread.php?thread_id=3392087&forum_id=2#31681537) |
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Date: October 19th, 2016 7:21 PM Author: Appetizing Gunner Juggernaut 3-4k 1BRs & studios if you don't want to live like a prole.
Everywhere you go out on the weekends to eat/drink is expensive as shit.
At least in Orange County there's not enough nightlife/activities to blow money, and everything is close. You can live in Mission Viejo in a 1.5k studio and get to Laguna & Newport in about 20 mins. |
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Date: October 19th, 2016 7:40 PM Author: concupiscible office trust fund south OC has to be horrible if you're single (http://www.autoadmit.com/thread.php?thread_id=3392087&forum_id=2#31681749) |
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Date: October 19th, 2016 7:46 PM Author: Appetizing Gunner Juggernaut Not if you grew up here. Out of towners get styled on by the "surfer bros" cleaning up, and to be honest, they do.
The game's a little different than NYC/SF/LA, but everyone is pretty uneducated, some girls jump at the chance to bed an Esq. |
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Date: October 19th, 2016 7:53 PM Author: Lime lascivious station I went to one of Mater Dei/CDM/Sage Hill High (http://www.autoadmit.com/thread.php?thread_id=3392087&forum_id=2#31681878) |
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Date: October 19th, 2016 7:55 PM Author: Appetizing Gunner Juggernaut Nice, I hope it was sage hill. I've always been jealous driving past it on the 73.
I was a little further south @ St Margarets/JS/S Margarita |
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Date: October 19th, 2016 7:58 PM Author: concupiscible office trust fund no young (single) professional scene? (http://www.autoadmit.com/thread.php?thread_id=3392087&forum_id=2#31681923) |
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Date: October 19th, 2016 8:00 PM Author: Appetizing Gunner Juggernaut Unfortunately no, at least not that I've been a part of. BigLaw there is mostly family bros and mormons (lol). You're either battling against chill surfer bros in Laguna or old multimillionaires in Newport.
Mastros Ocean Bar is hilarious on a thursday, old rich guys (60+) leaving with 20yr/olds FMA |
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Date: October 20th, 2016 11:49 AM Author: Umber adventurous fanboi main people It is, and I say that as someone who grew up there. Sorry dude above.
There's almost nothing to do and most establishments close down around 9 or 10 pm. It's a pretty awesome place for a family though.
The biggest problem is jobs and I think that's what has kept house prices at reasonable levels. If you don't work in Irvine, you pretty much have to commute to LA. |
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Date: October 22nd, 2016 12:57 PM Author: Appetizing Gunner Juggernaut I can see both arguments, biased because I'm still really young. (http://www.autoadmit.com/thread.php?thread_id=3392087&forum_id=2#31703280) |
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Date: October 22nd, 2016 1:04 PM Author: Lime lascivious station (http://www.autoadmit.com/thread.php?thread_id=3392087&forum_id=2#31703315) |
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Date: October 19th, 2016 7:21 PM Author: Lime lascivious station (http://www.autoadmit.com/thread.php?thread_id=3392087&forum_id=2#31681571) |
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Date: October 20th, 2016 11:39 AM Author: Lime lascivious station (http://www.autoadmit.com/thread.php?thread_id=3392087&forum_id=2#31688225) |
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Date: October 20th, 2016 3:41 PM Author: Fear-inspiring spot cuck How do you afford $1,600 rent on 60k? (http://www.autoadmit.com/thread.php?thread_id=3392087&forum_id=2#31690353) |
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Date: October 20th, 2016 3:46 PM Author: Fear-inspiring spot cuck Answer: the journalist is using the 30% rule incorrectly (http://www.autoadmit.com/thread.php?thread_id=3392087&forum_id=2#31690397) |
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Date: October 20th, 2016 5:40 PM Author: Lime lascivious station Explain (http://www.autoadmit.com/thread.php?thread_id=3392087&forum_id=2#31691176) |
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Date: October 20th, 2016 6:13 PM Author: Fear-inspiring spot cuck The author is using 30% of gross income instead of net.
That's an apt moniker you have for someone baffled by finance. |