I'm a first time homebuyer planning to buy a house in the Southern California area. What areas are reasonably affordable?
2007-03-08 02:21:00 · 2 answers · asked by trer 3 in Business & Finance ➔ Renting & Real Estate
Like the other guy said, affordable is a subjective term. I currently rent in Pasadena because prices are so crazy. My wife and I bring home 130k, live pretty frugally, and have no kids or debt- and we still can't afford a place we'd feel comfortable and safe in.
There is a lot of statistical evidence that Southern California home prices will decline significantly in the coming years (as opposed to the Realtors' constant sales pitches that the newspapers always show) . Check out
http://piggington.com/
I'd stay clear for a couple years if I were you.
2007-03-08 08:53:06 · answer #1 · answered by Cardinal Rule 3 · 0⤊ 0⤋
Los Angeles is a large city. There are many places that can be affordable. However I'm not sure what you definition of affordable is. What is affordable to me may not be so for you, or visa versa. I have a friend who is a Realtor in Los Angeles and she could tell you exactly what price ranges you can expect in all the areas around Los Angeles. If you want I can give you her info, but email me if you need it, I don't want to post it on here.
2007-03-08 03:57:54 · answer #2 · answered by The Drew 4 · 0⤊ 0⤋