Any New Construction developments for 250-275k within one hour of LA?

[Mister 7]

Originally Posted by aslowdodge

that's possibly being short sighted. Not all landlords are stupid greedy people as you refer to them as. Keep in mind at the lower end it's quite possible you will be in a condo and then you have to deal with HOA which can be worse than a landlord. Then there's also HOA dues. Also the inland empire was one of the hardest hit when real estate went down. Many properties went upside down so as an investment, maybe not. Depends on your timeframe.

Landlords don't rent out property for fun just because they desperately want to lodge a family out of the kindness of their hearts. Maybe I overstated the case a bit but it's all about the money, just as with anything. I couldn't stand renting for one minute longer.

Agreed HOA is the death, so is condo living as far as I'm concerned. I did live in LA so I get not everyone can afford houses. But I'd still probably buy a condo out there just to recoup some investment. It's better to own something rather than nothing, even if you're trapped by the living nightmare known as an HOA.

[LoveMeSomeSFVHouses]

I sold a 1 bed condo in Tarzana for 200,000 in April. In under a week. For full asking price. People still are looking for 1 bedrooms.

Now it wasn't new construction though... and new construction definitely comes with an extra premium attached to it, so the more return on investment at resale is going to be on an existing home. I put in your budget in a new construction website that's private access for my board, and nothing came up... even the 1 bedroom in Ontario now starts at 277K. But if you're okay with existing resale instead of new construction, you might even be able to find a 2 bedroom in your budget, which is better resale value.