Are Orange County Salaries Keeping up with Real Estate Prices?
Despite of 6.3% increase in OC job earnings, it is still not affordable for most of blue collar workers. Even though it is above national inflation, but that inflation does not cover the housing expense for the owners. So the home pricing and the inflation are not in line so this increase would need to be much higher for people to afford Orange County Real Estate. Now before someone says that if they can’t afford living here then move out, remember a society cannot survive without blue collar workers. Society needs nurses, physical therapist, teachers, police officers, and support staff for big shot software companies etc.
Would you like to know the details, read this ftp://ftp.bls.gov/pub/news.release/cewqtr.txt
and make your own opinion.
http://blogs.ocregister.com/lansner/archives/2007/01/oc_wages_growing_at_63.html