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Old 09-13-2014, 08:20 AM
 
2 posts, read 1,928 times
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My wife and I recently moved to LA and are wondering where is a good place to buy a house. I work in Santa Monica and she works in Westwood. We're in our late 20s and combined make around 200k per year. We would strongly prefer a house over an apt and want to live in a clean and safe area.
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Old 09-13-2014, 09:22 AM
 
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Maybe you can put a down payment on a house in Culver City or West LA but those cost about a million now. That's why people are choosing to rent still, with your budget you could rent anywhere you want, might as well be in Santa Monica, Brentwood, or Westwood.
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Old 09-13-2014, 10:06 AM
 
Location: TOVCCA
8,273 posts, read 10,526,318 times
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The eternal SoCal question: how much are you willing to commute?
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Old 09-13-2014, 10:12 AM
 
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40 min or less idealy
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Old 09-13-2014, 11:10 AM
 
Location: Los Angeles (Native)
24,190 posts, read 13,703,254 times
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An area like Sherman Oaks might be nice it is clean and safe and probably 40 minutes or less commute to Westwood or Santa Monica
It's not cheap , but nothing in LA is cheap even in the "hood"

I would probably rent first though until you learn the areas better for yourself .

Renting right now is cheaper than buying . Landlords can do this because so many bought when prices were a fraction of current values .

Take a look at redfin.com if you haven't too it is a free site like trulia and zillow but a lot better .. You can see all of the mls listings without having to go through a realtor .

You can plug in price ranges and get an idea of what that buys in certain areas.

You have a great income but should also consider if buying is the best investment for you .

I think a lot of people buy because they are " supposed to " or it's " the American dream " or some other BS

I see shacks in Santa Monica for 1.2million or more and wonder how much more they can rise , but who knows maybe they will be $2million or more one day .

For one of those homes you could buy some amazing investment properties in parts of the country , maybe even something that could replace your income .
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Old 09-13-2014, 12:07 PM
 
Location: Southern California
4,350 posts, read 4,937,863 times
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1) Santa Monica
2) Somewhere south of Venice Blvd
3) Somewhere along the new Expo line

You budget can weed out many neighborhoods.
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