For someone with an Average Income. How much house can they afford in West LA or Santa Monica? Say if they drive an average car and they are above average in wise spending. No exuberant spending IOWs.
2007-03-16 18:35:39 · 5 answers · asked by AviTech 3 in Business & Finance ➔ Renting & Real Estate
Can I find a nice Condo in Santa Monica with a view? 2 bedroom 1.5/2 bath with hardwood floors and garage parking? When will Santa Monica build more houses? I love Santa Monica.
2007-03-18 14:05:32 · update #1
a whole one.......dtlts
2007-03-16 18:43:17 · answer #1 · answered by whiteman 5 · 0⤊ 1⤋
If you are median income for the area, then I would suggest you wait before you buy, but because of the value of property throughout the area, a mortgage payment will be high regardless of the home you buy. I would suggest you consider looking outside of the main areas of Los Angeles if it is possible since the home prices are often lower that way. I dont live in the area, but have done some research since I wish to move to the area some day.
2007-03-17 01:51:56 · answer #2 · answered by bolinger81380 4 · 0⤊ 0⤋
santa monica is not cheap umh most houses they want 20% down for an nice decent home i would say your mortgage payment may be around $4500, i suggest you wait the markt is going to go down soon since many people are loosong their homes cause homes in la are way to expensive.
2007-03-17 02:24:35 · answer #3 · answered by aj107 1 · 1⤊ 0⤋
Bunches!...
2007-03-22 20:57:07 · answer #4 · answered by Mark P. 5 · 0⤊ 1⤋
LERN2TYPE!!!!!!!1one lawl nub
2007-03-24 20:35:51 · answer #5 · answered by TASHAN W 1 · 0⤊ 0⤋