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RE: Los Angeles Home Prices Are Out Of Control
That's craziness. We lived in downtown LA for 6 months back in 2007. Rent for apt was $1,600 month which was pretty cheap compared to these days..Im sure
That's craziness. We lived in downtown LA for 6 months back in 2007. Rent for apt was $1,600 month which was pretty cheap compared to these days..Im sure
Yeah, that is right around the time that we moved here. The first place we lived in Los Angeles was Hawthorne in the ghetto. Even that termite infested dump cost us about 1600 per month. It has only gotten worse!
That's insane - how can you survive paying that much? In Canada I paid $ 650.- a month mortgage for my house which I had bought in 78. I burned the mortgage in 95 (I think, can't remember exactly). I still own the house, though I live in Vienna, Austria now for these past 10 years. My son lives in the house now.
Well, I always say to people that you can make a ton of money in LA, but you spend a lot. We actually moved to Florida for 3 years a while back and bought an amazing home on several acres. But we have to give up a lot of clients who wouldn't work so remotely. We eventually picked up and moved back here because it was becoming impractical!
My wife works with all the toy companies around LA, and they like to be able to easily use a courier service to send work back and forth. They pay really good money because the cost of living is so high here! But if you move just far enough away to get better prices, suddenly you are too far to get work.
It is a vicious circle!