Welcome to City-Data.com Forum!
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 2 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.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 05-03-2012, 01:56 PM
 
Location: Los Angeles
460 posts, read 978,589 times
Reputation: 299

Advertisements

Quote:
Originally Posted by seph22 View Post
I can't change my college now since i have a scholarship for LA college registered with papers received/sent and all.

If 300k minimum need for a single room house for safe area then I'll stick to renting, my rent will be about 1200$ a month near my college that's 85k~/6years i was thinking of investing of that 85k instead of wasting it but i guess that's the way it's in LA

what about decent/safe condos? 200k?
Why is paying 85K for 6 years on rent wasting it away? You are paying for a roof over your head. The #1 rule about personal finance and housing: renting is NOT throwing money away. I can't believe how many people around me say this and believe it.

Housing is not guaranteed to go up over a six year period and is extremely expensive in California. Buying a house will be the worst investment you ever make at this point in your life. With your savings, you are much better off buying stocks.
Reply With Quote Quick reply to this message

 
Old 05-03-2012, 07:06 PM
 
Location: SF Bay Area
13,520 posts, read 22,007,479 times
Reputation: 20234
OP can also rent an apartment in the ghetto for $600 a month and only "waste" half as much.
Reply With Quote Quick reply to this message
 
Old 05-03-2012, 11:40 PM
 
Location: Near L.A.
4,108 posts, read 10,753,377 times
Reputation: 3444
Why not Adelanto? The haven of custom design and multicolored architectural charm rising out of the desert.
Reply With Quote Quick reply to this message
 
Old 05-04-2012, 01:12 AM
 
9 posts, read 24,294 times
Reputation: 23
Why don't you just see if you can split the rent on an apartment in LA proper with another college student? You'd lower your rent per month, possibly meet a few cool people, and it would give you the flexibility you need while you decide where to land... I did that in college in LA and it worked out great! Oh, and buying in LA with all the taxes and fees etc is not worth it unless you know you are going to be in the area for years and/or have lots of cash to spend. (Others covered this well for you). Good luck in your studies! And welcome to the States!
Reply With Quote Quick reply to this message
 
Old 05-04-2012, 04:20 PM
 
Location: Fulltime RV living in the western United States
98 posts, read 236,441 times
Reputation: 142
I moved out of California to Colorado last summer. I checked out the link to the studio that the OP posted. Wow, $140,000 for 400 something square foot studio in a bad area. Over here we are under contract for a 3 bedroom/2 bath almost 1500 square foot brand new house for only $161,000. Plus we are making exactly 2x as much here as we did in California. This is why we left. *amazed*
Reply With Quote Quick reply to this message
 
Old 05-04-2012, 04:32 PM
 
11,715 posts, read 40,324,847 times
Reputation: 7585
Quote:
Originally Posted by UltrazGSD View Post
I moved out of California to Colorado last summer. I checked out the link to the studio that the OP posted. Wow, $140,000 for 400 something square foot studio in a bad area. Over here we are under contract for a 3 bedroom/2 bath almost 1500 square foot brand new house for only $161,000. Plus we are making exactly 2x as much here as we did in California. This is why we left. *amazed*
What part of Colorado?
Reply With Quote Quick reply to this message
 
Old 05-04-2012, 06:26 PM
 
Location: West Texas
98 posts, read 340,734 times
Reputation: 82
For 100k you'll be living in lancaster/palmdale area not sure you can get a bombed out house in LA on that budget. Just move to arizona get a new (er) house imo
Reply With Quote Quick reply to this message
 
Old 05-05-2012, 12:20 PM
 
5 posts, read 7,183 times
Reputation: 10
There are plenty of small homes for you in the LA area in that range. He is one selling for $83,900.

5628 Clemson St, Los Angeles, CA 90016 MLS# p813843 - Zillow
Reply With Quote Quick reply to this message
 
Old 05-05-2012, 02:07 PM
 
4,536 posts, read 10,582,803 times
Reputation: 4068
Quote:
Originally Posted by Shameshameshame View Post
There are plenty of small homes for you in the LA area in that range. He is one selling for $83,900.

5628 Clemson St, Los Angeles, CA 90016 MLS# p813843 - Zillow

175/mo HOA. Also not sure thats a great area...I know Baldwin Hill is fantastic, but this unit seems in the midst of a TON of apartments.
Reply With Quote Quick reply to this message
 
Old 05-05-2012, 03:01 PM
 
Location: SF Bay Area
13,520 posts, read 22,007,479 times
Reputation: 20234
Quote:
Originally Posted by Shameshameshame View Post
There are plenty of small homes for you in the LA area in that range. He is one selling for $83,900.

5628 Clemson St, Los Angeles, CA 90016 MLS# p813843 - Zillow

West Adams and Crenshaw border? One of the highest violent and property crime areas in LA.
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:


Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram


Over $104,000 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.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - 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, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top