Is Living in Reno, Nevada More Affordable Than California?

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Brian In Reno - Living In Reno Tahoe

Күн бұрын

Пікірлер: 54

@coffeejunkie33 5 ай бұрын

I'll tell you about the cost of living here. Houses average $600K+. A 2 bdrm apt average is $2000+. Wages are not on par with the cost of living here. Your rent for a 2 bdrm could be $1680 if you're lucky. Then they tack on $85 for cable, $25 for parking under a covered roof, $35 for garbage, garbage valet $25, water, sewer $60, $50 for Amazon boxes. South Reno avg rent 2 bdrm is $2K+. And I almost forgot the new common area electricity bill $10 plus service fee of $9. Some studio apt $900 to $1500+ for 400 to 500 sqft. Reno/ Sparks prices are out of control compared to wages earned. I urge you to look at your future wages vs cost of living here.

@jimellerman5686 4 ай бұрын

I agree, this guy must be in bed with the Chamber of Commerce or something or affiliated with the City Counsel.

@TylerFoxtrot 4 ай бұрын

Another reno resident here to affirm this is the case, I work at a factory outside of town and I'm almost paid 30/hr after 3 years and it's barely enough to pay for rent and bills along with medical expenses. I do not recommend you move to Reno NV. if you need to move nevada move into a smaller town or just outside of a town. Good luck to us all

@nerdalert27 2 ай бұрын

I have a 3 bedroom in Reno, renovated, nice, costs $1295/ month and in California I paid $1899 for a 2 bedroom 🤷‍♀️

@TylerFoxtrot 2 ай бұрын

@@nerdalert27 that has to be a mortgage payment right? I'm renting a 2 bedroom for 1750 out here and I'm paying more after all my bills than my mom is for a 1.5mil house

@EvanCarmichael 8 ай бұрын

Very informative video, Brian! Thanks for helping people make informed decisions with such clear insights! -Macy (Team Evan)

@LivingInRenoTahoe 8 ай бұрын

Thank you.

@stevencole7331 8 ай бұрын

I remember the day many moons ago that eating out at the casinos was cheaper than cooking at home . Not anymore . No benefit going to the casinos anymore unless you are lucky . Housing was a deal but Californians moving in changed that .

@LivingInRenoTahoe 8 ай бұрын

@@stevencole7331 I remember eating super cheap at casinos too. Prices here are still much cheaper than CA but it’s not cheap anymore. Facts.

@badimagerybyjohnromine 8 ай бұрын

Winco here is a life saver, I only make $500 a month, rent and utilities leave me with less than $100, with the prices of Winco and help from the church I am able to eat somewhat normally every month.

@CynthiaNoelNYC 2 ай бұрын

That does lead to a good question. How many local food pantries and soup kitchens are there for people who are need of that kind of help?

@krisb7465 4 ай бұрын

Assessed value is based on the year the house was built. To get the 3% annual cap on increases, the buyer must occupy the home and must fill out an owner occupant affidavit and file it with the Assessor's office. Otherwise, the increases are much more.

@LivingInRenoTahoe 4 ай бұрын

@@krisb7465 thanks for letting us know and yes we are usually talking about primary residences. I appreciate the comment.

@miguelgonzalez6213 8 ай бұрын

It would have made a lot more sense to swap the city/income levels so that you're still saying $75k (median for Reno) and then how much that equivalent would be in SF, LA, Sacramento, etc.

@dlg5485 5 ай бұрын

Housing is absurdly overpriced almost everywhere. Now is a terrible time to buy a home, but there is a market correction coming, it's inevitable, so I am waiting for some sanity to return to pricing.

@LivingInRenoTahoe 5 ай бұрын

@@dlg5485 I would never say it’s a terrible time to buy a house but I hear you. What’s your definition of a market correction? How much do you think prices will come down? Very curious. I think prices will stay flat and as soon as Interest rates come down what is your thought about Prices. Thanks for commenting and sharing your opinions.

@bluecollar7060 5 ай бұрын

Simple, rates go down then housing goes up

@dlg5485 5 ай бұрын

@@bluecollar7060 Oversimplified nonsense. The basic rules of economics don't apply in a market manipulated by huge corporate speculators. Nothing about this housing market is "normal"

@Andrewr-s6z 5 ай бұрын

@@LivingInRenoTahoeI grew up in Reno, got trapped in Saint Paul when 2008 happened, but I’m moving back in three days (im super excited!) part of the reason prices are being inflated is normal people having to compete with not only inflation but also having to compete with corporate buyers and rental companies. Another factor is cash buyers (I don’t blame them) and finally the administrative costs and restrictions of building new. I’m a custom home builder and am setting my sights on the Virginia city highlands within 3 years, half of that time I’m anticipating fighting with permits. Most people can’t really afford to wait that long.

@LivingInRenoTahoe 5 ай бұрын

@@Andrewr-s6z all very good and very fair points. Happy you could make it back and one of my best friends moved to Reno from St Paul 20ish years ago. Loves it here too. Reach out anytime.

@brannonmiller5548 6 ай бұрын

I used Bank Rate and it says that housing is 33% higher in Reno-Spatks. This is not correct or the way this is calculated is flawed for buying a house. Reno-Sparks is 85 to 105% more. I am comparing Reno-Sparks to El Paso, TX. I am comparing my 1500 sqft 4 bd 2 bath and two car garage.

@LivingInRenoTahoe 6 ай бұрын

How much is your house there and what is the age? We are more for sure but double sounds like a lot.

@StationOnLife 5 ай бұрын

I live in Westminster, CA - 3 bedroom 2 bath by myself. No other human, dog or cat (maybe the mosquito and flies). Here is my monthly utilities: $120 electricity + $60 gas + $110 water & trash + $80 internet = $370 . Bought the house back in 2013, currently paying $980 monthly property tax = $350 insurance. I barely have enough left for cardboard & water.

@LivingInRenoTahoe 5 ай бұрын

@@StationOnLife I appreciate you sharing. How much money do this make because that seems pretty reasonable to me? It is tough living almost anywhere by yourself these days. Reach out anytime.

@highginx 4 ай бұрын

Interesting, I grew up in Westminster Ca

@sting114 4 ай бұрын

@@LivingInRenoTahoethe house he or she describes now cost minimum $800,000 in Westminster, CA and it’s a upper fixer

@krisb7465 4 ай бұрын

Thanks. Its so important for agents to let their buyers know to fill out the owner occupant affidavit. I have met many people since moving to Reno who are owner occupants and do not know this. So they are paying way more in property taxes than they should. The Assessor's office does not tell you about it. Could you talk about the Homestead Exemption as well?

@LivingInRenoTahoe 4 ай бұрын

@@krisb7465 where do you work and would you like to come on and talk about this?

@krisb7465 4 ай бұрын

Lol. I work at being a retired RN/NP, am a CA transplant for the tax savings, and I love it here.

@StationOnLife 5 ай бұрын

It cost $350 just to say “hi” to a specialist.

@JBoy340a 6 ай бұрын

The lack of prop 13 might be a killer for some long time CA residents

@LivingInRenoTahoe 6 ай бұрын

@@JBoy340a explain that to me. Is it going away? If it does will it really increase peoples property taxes especially those that have lived in the same home for a long time? Let me know what you can. Thanks for commenting and watching the videos.

@Pyrrhus0331 5 ай бұрын

I think he meant that moving from CA to NV where you guys don’t have limitations on property tax hikes would be a “killer” for ca residents looking to move there Unless you guys in NV do have something similar idk.

@LivingInRenoTahoe 5 ай бұрын

@@Pyrrhus0331 we do have limitations on property tax increases. It’s 3% per year. Sorry if I said something that made that confusing.

@krisb7465 4 ай бұрын

@StationOnLife 4 ай бұрын

I am Asian and thinking about moving to Reno. I've heard that Reno is mostly white people and Asian or minorities might not feel very welcome. This could make it hard for them to get help from healthcare or authorities. Do you have any advice for me?

@LivingInRenoTahoe 4 ай бұрын

@@StationOnLife let’s talk. Let me know the best number for you. My email is brian@thelessingerteam.com.

@starrysky2223 4 ай бұрын

Hi regarding your question. Im living in S Lake Tahoe but go to Reno often, overall ethnicity isn’t a huge thing BUT there is animosity if you toot your horn about being a buyer from CA. Housing prices rose fast post Covid squeeking out long time locals, same sitch here in Tahoe. Overall I find people kinder in Reno than Tahoe, been living here as a homeowner in Tahoe 11 years now. Orig from Bay Area, Half Moon Bay myself. I may move on to Reno, eventually, always looking. Things to do in Reno, not as cultured as SF. Don’t speak your politics in public if you don’t want confrontations, Trumper swing state. Good luck! 👍

@LivingInRenoTahoe 4 ай бұрын

@@starrysky2223 very fair statements and teach out anytime happy to help n

@carmengreaves5885 2 ай бұрын

Reno has a Hispanic population of 32 percent. There are many other races here as well. Yes, a lot of white people as well. No one here is exempt from getting help with healthcare here, it sucks no matter what race you are in Reno as far as healthcare goes. It is expensive to live here as a renter or even trying to buy a home here.

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@jimellerman5686 4 ай бұрын

I was wondering why he was minimizing the real cost of living here. He's a real estate hack

@jimellerman5686 4 ай бұрын

Sales tax quite low???? 😂🤣

@jimellerman5686 4 ай бұрын

Your insane if you think Reno's gas prices are the average of the rest of the country.

@LivingInRenoTahoe 4 ай бұрын

@@jimellerman5686 really? Have you been at the lake or in CA it’s way more expensive. Yes it’s cheaper in Carson many places but we are pretty average as far as prices go.