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Reply #10


Response to okaawhatever (Reply #9)

Fri Dec 13, 2013, 08:51 PM

10. So the cap is at $58,500 annually in CA

if the cap represents 40% of annual compensation.

In the bay area where houses have a median price of $400,000 (down from $675,000 in 2007) $58,500 would buy you a run down mobile home... floating in a pond, maybe.

Hell, even the rent on a 2 bedroom apartment around here is $2,500/month at the barest minimum. A decent place is going to set someone back at least $3,500 a month.

If someone becomes unemployed around here, they'd better have a plan B for housing. They will not be able to make it on their own.

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MrScorpio Dec 2013 OP
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okaawhatever Dec 2013 #9
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dickthegrouch Dec 2013 #10
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