U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > California > Los Angeles
 [Register]
Please register to participate in our discussions with 1.5 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Jump to a detailed profile or search
site with Google Custom Search

Search Forums  (Advanced)
Business Search - 14 Million verified businesses
Search for:  near: 
 
Old 03-16-2011, 08:40 PM
 
Location: San Gabriel Valley, CA
11,820 posts, read 12,310,958 times
Reputation: 7910
Quote:
Originally Posted by Lovehound View Post
Aw! We love you too! We just preferred to be "friends with benefits."
I am sorry, hon. We couldn't accept such an arrangement. We wanted to keep the rights to most of the porn. You can't really blame us.
Reply With Quote Quick reply to this message

 
Old 03-16-2011, 08:41 PM
 
Location: Northridge, Los Angeles, CA
2,685 posts, read 3,752,362 times
Reputation: 2250
Alright, just so the topic can move on from what the City of Los Angeles includes, here's a map with all the neighborhood lines on it:


Source: http://affordablehousinginstitute.or...os_angeles.jpg

Back to the real estate prices!
Reply With Quote Quick reply to this message
 
Old 03-16-2011, 08:47 PM
 
Location: San Gabriel Valley, CA
11,820 posts, read 12,310,958 times
Reputation: 7910
Quote:
Originally Posted by Lifeshadower View Post

Back to the real estate prices!
They're not good! HTH!

Thanks for the map!
Reply With Quote Quick reply to this message
 
Old 03-16-2011, 08:49 PM
Status: "Grains....Grains" (set 3 days ago)
 
Location: Conejo Valley, CA
12,312 posts, read 10,201,200 times
Reputation: 4038
Quote:
Originally Posted by miyu View Post
The median home sale price is $740K (out of 266 homes sold over the last 6 months). I doubt this makes any difference versus 744.5K. Median income is still 54k. Care to compare apples and apples?
Where are you getting the median sale price from? I don't know enough about the area to know what is and isn't selling right now, but obviously the median can become distorted if sales are irregular.

Quote:
Originally Posted by miyu View Post
Your second paragraph basically reiterates what I have been saying in previous posts. Prices aren't coming down here and it's annoying.
Prices in the exclusive neighborhoods didn't go up much during the housing bubble so one shouldn't expect them to come down much.

Now the homes even in more "standard" communities are also really high in mar vista as well and I'm not sure the reason. Could be a few things, for example the area could be under-going rapid gentrification.

Anyhow, now that you've cited a community its clear that we've been talking about different things. I'm talking about real estate in Los Angeles as whole, you're talking about the dynamics in a fairly exclusive area. These areas often resemble third-world countries, you have extreme wealth and then poverty and not much in the middle.

There are numerous areas in LA where you can purchase a rather nice home for $700k even today.
Reply With Quote Quick reply to this message
 
Old 03-16-2011, 08:54 PM
 
Location: Northridge, Los Angeles, CA
2,685 posts, read 3,752,362 times
Reputation: 2250
Quote:
Originally Posted by JerZ View Post
They're not good! HTH!

Thanks for the map!
It's weird, but growing up in the SFV, most of my friends didn't even know that the SFV was part of the City of LA either until they had their first run in with the LAPD or realized why our schools were zoned into the LAUSD!

I sort of wish I had enough capital to invest in property around North Hollywood station though (or any other of the newly built transit lines). There was this one dinky old shack of a house that was worth around $220k in 2000 and is now worth over $1 million because of its prime location.

My time will come, I know it Either that, or do whatever everyone else in the SFV does (I'm sure you can figure that one out )
Reply With Quote Quick reply to this message
 
Old 03-16-2011, 08:55 PM
 
Location: So Ca
5,156 posts, read 4,936,626 times
Reputation: 3804
Quote:
Originally Posted by user_id View Post
Housing in LA has been affordable (based on local incomes) up until the last decade. In the past if you had a decent job you could afford a home in a reasonable community. That was true as little as 10 years ago.
You keep repeating this on all of your posts but what is your opinion based on? Reasonable in terms of what? I agree w/ the OP that most of these affordable communities were far more than a 45 minute drive from downtown L.A., Century City, etc....even ten years ago.
Reply With Quote Quick reply to this message
 
Old 03-16-2011, 09:06 PM
Status: "Grains....Grains" (set 3 days ago)
 
Location: Conejo Valley, CA
12,312 posts, read 10,201,200 times
Reputation: 4038
Quote:
Originally Posted by JerZ View Post
I know. I've just been told! I'm wondering...is "city proper" a colloquialism or something? Nobody seems to be understanding me on this so perhaps it's an expression from the northeast? I never thought of it that way..."city proper" usually means the actual, urban, down-town-ey area and the immediately surrounding areas.
People in smaller northeast cities tend to call areas even not within the city-limits with the cities name so "city-proper" is required at times. People in larger cities tend not to whether you are on the east or west. If you ask a New Yorker where they live, they are likely to say "Brooklyn", etc rather than "New York City".

Regardless, parts of the San Fernando Valley are immediately surrounding Downtown. Additionally, LA doesn't have just one urban core as a smaller city would. It has a few urbanized areas 3 of which can be found in the San Fernando Valley.

You still seem confused about LA, Glendora isn't part of LA. Its not even close.

Anyhow, you still seem to be talking about LA prices from the perspective of someone from another area, I'm talking about affordability in local terms. Even 10 years ago prices were expensive in relation to say Texas, but they were largely affordable to local residents.
Reply With Quote Quick reply to this message
 
Old 03-16-2011, 09:12 PM
Status: "Grains....Grains" (set 3 days ago)
 
Location: Conejo Valley, CA
12,312 posts, read 10,201,200 times
Reputation: 4038
Quote:
Originally Posted by CA4Now View Post
You keep repeating this on all of your posts but what is your opinion based on? Reasonable in terms of what? I agree w/ the OP that most of these affordable communities were far more than a 45 minute drive from downtown L.A., Century City, etc....even ten years ago.
My view is based on the data. In 2000 the median home price in LA was around $200k, a bit more than 4x the median income. Between the 1970's and 2000's the ratio has been between 3x~4x, when it gets down to 3x its "cheap" in local standards. Before the 70's housing in the LA area was comparable to the rest of the country, that was before it was built-out and prop 13.
Reply With Quote Quick reply to this message
 
Old 03-16-2011, 09:37 PM
 
Location: San Gabriel Valley, CA
11,820 posts, read 12,310,958 times
Reputation: 7910
Quote:
Originally Posted by user_id View Post
My view is based on the data. In 2000 the median home price in LA was around $200k, a bit more than 4x the median income. Between the 1970's and 2000's the ratio has been between 3x~4x, when it gets down to 3x its "cheap" in local standards. Before the 70's housing in the LA area was comparable to the rest of the country, that was before it was built-out and prop 13.
I believe what the poster was asking was what data? Do you have a link to it? ESP. The part about th "LA area being comparable to the rest of the country"previously in housing prices (this is my question now). And please since you were very specific about your data being the City of LA as literally named, link to data for the city only. Thanks.

Last edited by JerZ; 03-16-2011 at 09:46 PM..
Reply With Quote Quick reply to this message
 
Old 03-16-2011, 09:42 PM
 
Location: San Gabriel Valley, CA
11,820 posts, read 12,310,958 times
Reputation: 7910
Quote:
Originally Posted by user_id View Post

Anyhow, you still seem to be talking about LA prices from the perspective of someone from another area, I'm talking about affordability in local terms. Even 10 years ago prices were expensive in relation to say Texas, but they were largely affordable to local residents.
Actually, at this point I'm pretty certain you know exactly what I've been saying (for example, here you're meshing my examples os City of LA literally, of City of LA as defined by another poster above - I was pretty clear about that) and LA as a county (which is where my town fits in) and you're just running me a merry chase to cover for the fact that you don't have any actual data to support your claims.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Options
X
Data:
Loading data...
Based on 2000-2011 data
Loading data...

123
Hide US histogram


Over $84,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > California > Los Angeles

All times are GMT -6.

2005-2014, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25 - Top