April 18, 2014 — A new study has once again fueled the debate about the standard of living in the U.S.A. for the ‘working stiffs’ out there, mostly of the blue-collar variety – and this particular report claims that people working in Maryland or Washington D.C. have to actually work more hours just to pay (e.g.) rent there than do their counterparts earning the same ‘hourly’ who are living in Nevada, Alabama or Arizona, etc.
So Here’s The Scoop: That really shouldn’t be an eye-opener or shocking, etc. because anyone who’s traveled to places like New York City, the Hawaiian Islands, San Francisco or San Diego, California, etc. or ventured abroad to Paris, Tokyo, Copenhagen, Lausanne, etc. are surely aware that it takes a few more bucks to get along in those areas/regions then it does in say (e.g.) Detroit, Michigan or Purvis, Mississippi, etc.
And the price tag for getting along in those regions across the USA (the world) pretty much covers the gamut from the cost of groceries to rents/home values and mortgage rates, utilities to car insurance rates, getting one’s hair done – to buying clothes or a car (new/used) – the cost of bowling – home repairs – paying the ‘vet’ bill for Fido – or what the local mechanic charges to fix up the family vehicle.
In fact, as many of you already know, there are free online calculators from respectable companies like Bank Rate that will show anyone interested just how much ‘income’ is required to live in one city when compared to another.
If the income qualification for a sales guest is $50,000 (gross) per year and that ‘prospect’ hails from Fresno, California then that ‘tour’ requires about $4,600 more in annual income to have the same purchasing power and standard of living as does a sales guest from Albuquerque, NM.
And if that little difference in stipend isn’t enough to make you pause then consider that just to maintain a comparable lifestyle a ‘Q’ from the San Francisco, CA ‘Bay Area’ has to earn about $8,500 more per year than a ‘Q’ from Albuquerque, NM earning a $50,000 per year gross income.
Seattle area ‘Q’s need about $6,000 more income than a ‘Q’ from Alubuquerque; San Diego area: About $7,000 more; Springfield, IL about $1,000 more; Wilmington, DE about $7,500 more; Yuma, AZ $4,700 more and – DRUM ROLL PLEASE – about $67,300 more income is required of a ‘Q’ from the New York City area to live comparable to a $50-K (income) ‘Q’ from tropical Albuquerque, NM.
And yet in our industry the income qualification applies straight across the board regardless of facts, reality, proof and/or irrefutable evidence that a $40-$50-$60-K (etc.) per year gross “household income” in one area wont’ get and/or buy ‘squat, so to speak, in other areas like Jupiter Island, FL, in Weston, Massachusetts, New Port Beach or Malibu, California, Stone Harbor, New Jersey, Stamford, Connecticut, The Hawaiian Islands, Manhattan — need I go on?
That said I should caution everyone that it has been thoughts such as these that have had me removed from more Board Of Director ‘gigs’ than I can remember over the years because most of the great minds in the ‘biz’ concur that, after all, “An up IS an up”; and let the heads roll of anyone who disagrees – regardless of the evidence!
Good Luck out there
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Contributing sometimes extravagant, bombastic, emotional, pompous or even pretentious writings about the timeshare industry, Scoop covers an array of industry related subjects each week including inside information, tips, scandals, interviews, forecasts as well as new (good or bad) products and services — and, of course, all the ‘Good’, the ‘Bad’ and the ‘Ugly’.
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