U.S. CitiesCity-Data Forum Index
Covid-19 Information Page
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 11-01-2012, 09:34 AM
 
Location: San Francisco Bay Area
14,296 posts, read 16,117,826 times
Reputation: 13769

Advertisements

Another recommendation would be La Crescenta and Montrose. They are just west of Pasadena. I think it would be hard to find a SFR for the price range, but a townhome/condo could easily be had. These are generally safe areas with a sense of community and great schools. I lived in La Crescenta years ago and was one of the best places I lived while in Southern California.
Reply With Quote Quick reply to this message

 
Old 11-02-2012, 09:11 AM
 
Location: LA/OC
1,083 posts, read 1,815,846 times
Reputation: 600
Quote:
Originally Posted by anuong05 View Post
Can u be more specific (maybe with an example) on 'price a house with 10-20% down and 7% interest rate?' Does it apply if u have another property as rental? Thanks!
I think he means don't get sucked into the same things that happened pre-crash, when people were getting very low adjustable rate mortgages and putting 0-3% down.

I would always recommend 20% down if you can. It eliminates the need for PMI and gets the monthly payment to a reasonable rate. However, FHA loans can work for some people. The current average interest rate is under 3.5% on a 30-year fixed. My advice, do some shopping around and find a good, reputable lender. And yes, it is a great time to buy and take advantage of those low rates, but be prepared to move quickly because there's a lot of competition out there right now.
Reply With Quote Quick reply to this message
 
Old 11-09-2012, 04:43 PM
 
Location: Orange County, CA
105 posts, read 248,814 times
Reputation: 104
I agree with what ccm123 said about La Cresenta and Montrose being alternative good areas to live in that are not too distant from the Pasadena area. Monrovia is a nice city, I would recommend that too. As the first poster said stay south of the 210 fwy in Pasadena if you can, although there are pockets of nice areas above the fwy, and it seems that area may be gentrifying, so may get better as time goes on. But dang, Pasadena area is so expensive, even the ghetto areas are becoming expensive. That's why it may be better to move to a neighboring city as other posters have mentioned.
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 2000-2016 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
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6. The time now is 09:41 PM.

© 2005-2020, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

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, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top