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re: Anyone ever lived in/very familiar with Los Angeles?

Posted on 2/18/18 at 7:12 pm to
Posted by kingbob
Sorrento, LA
Member since Nov 2010
71200 posts
Posted on 2/18/18 at 7:12 pm to
quote:

I wouldn't put $150 into BR. I get you're going for an example.

But still.


Prices in areas that didn't flood are exploding. The house I live in was purchased for around tha much 3 years ago. It'd easily go for $200k+ today.

There's money to be made. It's small potatoes, but a lower entry cost. Gotta start somewhere.
Posted by nugget
Abrego Garcia Fan
Member since Dec 2009
15757 posts
Posted on 2/18/18 at 7:13 pm to
quote:

Dude, even crack dens in L.A. go for at least half a million dollars. In Baton Rouge, I can purchase a 4 bedroom house to rent for $1800 month for $160k in a decent neighborhood. Or, I can take that dated house, sink $20k into it, and flip it for $200k for a cool $20k in profit. I can use that to gradually work my way up to larger and larger properties. I have friends that have dozens of rental properties: residential single family, duplexes, and commercial space.


Not sure what you're trying to argue here. I left LA for this exact reason.
Posted by GreatLakesTiger24
Member since May 2012
61594 posts
Posted on 2/18/18 at 7:14 pm to
no shite. there's a reason everything is so cheap in LA.
Posted by ThatMakesSense
Fort Lauderdale
Member since Aug 2015
15281 posts
Posted on 2/18/18 at 7:15 pm to
quote:

I moved straight to Los Angeles out of college in Louisiana. Im sure you're proud of the risk you've taken to make 40k per year.


1. You left LA, because you weren't willing to put in time. That's called quitting.

2. 25k in 2008 when I came to Houston. 75k 10 years later.

By you're measure..65k in LA...10 yrs later would be 195k/yr...and you couldn't have invested unless 200k/yr. I know, it's tough to be a man and work.

Don't be a bitch.
Posted by SP
Member since Jun 2008
138 posts
Posted on 2/18/18 at 7:15 pm to
Culver City or Venice.
Posted by DandyPimp
New Orleans
Member since Jan 2007
1123 posts
Posted on 2/18/18 at 7:18 pm to
Check out the Van Nuys, Burbank, Sherman Oaks areas. May be able to find a decent rental around there in your price range and not terribly far to westwood / UCLA area.

I spend a few weeks a year in LA and its grown on me.
Posted by RedlandsTiger
Greenwell Springs, LA
Member since Jan 2008
3216 posts
Posted on 2/18/18 at 7:18 pm to
quote:

I probably would just rent a small cheap (whatever cheap for LA is) place while I figured out the area. I would rather have extra money to do cool stuff in Cali, than be house poor.


This.
Posted by nugget
Abrego Garcia Fan
Member since Dec 2009
15757 posts
Posted on 2/18/18 at 7:21 pm to
quote:

75k 10 years later.


And this guy's trying to give me life advice
Posted by ThatMakesSense
Fort Lauderdale
Member since Aug 2015
15281 posts
Posted on 2/18/18 at 7:25 pm to
quote:

And this guy's trying to give me life advice


I'm damn proud of where I'm at. I never quit.

If you'd like to discuss anywhere in the Houston area, I'll be glad to come kick your arse and post the video on the OT.
Posted by nugget
Abrego Garcia Fan
Member since Dec 2009
15757 posts
Posted on 2/18/18 at 7:28 pm to
I didn't quit, I advanced my life and career. Congrats on the life participation trophy.
Posted by GeorgeTheGreek
Sparta, Greece
Member since Mar 2008
69577 posts
Posted on 2/18/18 at 7:29 pm to
Going to be tough to find what he wants in those areas in my opinion.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
299716 posts
Posted on 2/18/18 at 7:34 pm to
LA area is actually pretty cool. Beaches, mountains etc.

They have some pretty shitty people in the area though. Some of the most extreme people I've ever met were in LA. But it gets a bad rap as a city that's not deserved.
Posted by tunechi
Member since Jun 2009
10578 posts
Posted on 2/18/18 at 7:45 pm to
Somehow threads about “where to live in (city name) on (budget)” always ends up in a Baton Rouge/New Orleans/Houston pissing contest

It’s incredible, really
Posted by BatonRougeBuckeye
Baton Rouge, LA
Member since Aug 2013
1907 posts
Posted on 2/18/18 at 7:50 pm to
quote:

I realize that's an impossibly low budget. Which is why I said we will likely have to rent. But I wasn't sure if there were some areas outside of LA that would be worth looking into that might be more affordable (even though traffic would be a nightmare)



Also depends on how far you are willing to commute. You wont be able to buy in LA county for that but if you are willing to drive inland an hour or so you might have better odds.
Posted by Reservoir dawg
Member since Oct 2013
15168 posts
Posted on 2/18/18 at 8:12 pm to
quote:

This is accurate. Los Angeles is easily the worst major city I've ever visited. It's like it took the worst attributes of Houston, San Francisco, Miami, and New York City and none of the positives.


If you added all the ghettoish areas of central LA together you would have a city the size of Dallas. However, LA offers a lot more than most places, and some of the most exquisite areas in America are found in LA County. Not even counting Hollywood you have Malibu, Rancho Palos Verdes, Santa Monica, Pacific Palisades. I could go on..
Posted by brgfather129
Los Angeles, CA
Member since Jul 2009
17360 posts
Posted on 2/18/18 at 8:22 pm to
Another consideration is whether or not your job will allow you to be flexible with your work hours...starting work at 7 or so means you can increase your radius significantly.
Posted by LouisianaLady
Member since Mar 2009
83168 posts
Posted on 2/18/18 at 8:44 pm to
quote:

Admittedly you have "only been here a few times"...so, what exactly do you think you have to offer in this thread?



I love these threads. You got 6+ pages of people who vacationed once in LA talking like they grew up there I've been to L.A. 6 times in the last 2 years (in a lot of residential/low income areas as well, for my job) and haven't come close to scratching the surface enough to answer this for OP.
Posted by StringedInstruments
Member since Oct 2013
21082 posts
Posted on 2/18/18 at 8:49 pm to
How the hell do teachers afford to live in LA?

Average teacher salary there is $60k/year. Two teachers at $120k wouldn’t be able to afford a mortgage or daycare.

I just don’t get how enormous cities like LA (or San Fran or NYC) support the millions of people there if it requires making “top 5%” money just to survive.
Posted by St Augustine
The Pauper of the Surf
Member since Mar 2006
72474 posts
Posted on 2/18/18 at 8:51 pm to
quote:

Los Angeles is basically a giant Baton Rouge


Posted by WaltTeevens
Santa Barbara, CA
Member since Dec 2013
12045 posts
Posted on 2/18/18 at 8:57 pm to
The only thing I have to say about living in LA: I wish you didn't have a wife or kids, because then you'd really be about to have fun
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