Home buying thread

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Mizake

Mizake

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Cad said:
Are the people who own these homes all landlords? Where do the gangbangers and welfare queens who live in Compton coming up with $600k purchase prices?
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Most of the time you are looking at generational homes, meaning the family has been living in those homes for decades, it's being passed down from grandparents, to parents, to children. They may have bought the home 60 years ago for $30,000, but now of course it's too expensive to live anywhere else, and even if they sold the home they can't afford to move anywhere else in LA, they would have to leave the state (which many are doing).

[EDIT] I will add that's not entirely true about not being able to afford LA. Funny story - after 2008 when housing prices started coming up, homes in Compton were about 400k to 500k. A lot of them sold back then and moved to Antelope Valley, which is an insufferable shithole in the middle of the high desert. Homes in AV were going for about 200k for a 2000 sq. ft. home at the time. What happened is when the gangbangers moved out of Compton to AV, they brought the violence with them. Gang violence in AV is at an all time high, all the schools went to shit, etc. You would never really want to live in AV, but now you REALLY don't want to.
 
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Ishad

Ishad

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Mizake said:
The problem is that in places like California, that home would be located in Compton and cost $800,000.

Sure, you can say don't live in a shithole like Cali, and I would agree with you, but it's the same in most major cities whether you are talking about Boston, New York, etc. So for people tied to jobs in major metropolitan areas, home ownership is just not going to be in the cards. Sometimes I'm truly amazed how people can even afford housing in Los Angeles where a one bedroom condo goes for $500,000.
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Prices for starter homes suck everywhere just not as bad as Cali

www.coldwellbankerhomes.com

2601 Marsh Ln #211, Plano, TX 75093 - MLS 20175929 - Coldwell Banker

Sold - 2601 Marsh Ln #211, Plano, TX - $0. View details, map and photos of this condo property with 2 bedrooms and 2 total baths. MLS# 20175929.
www.coldwellbankerhomes.com www.coldwellbankerhomes.com
 
ToeMissile

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Mizake said:
ToeMissile ToeMissile

Both the homes you quoted are smaller than the one Lanx posted, so it's not really a direct comparison, but I'll humor you.

The $625k home you quoted is 825 sq feet, and is selling for $759/sq ft.

The $370k home you quoted is 504 sq feet, and is selling for $734/sq. ft.

So let's split the difference, in your favor, and say the average home in Compton sells for $740/ sq. ft.

Then a home like the one Lanx linked, at 1,076 sq ft, would sell for 1,076 x 740 = $796,240, or about $800k.

It's almost like I know the LA real estate market. Almost.
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I just filtered for Compton, under $800k, under 1k sqft and linked the highest and lowest priced homes; but I get your point.

I’d be curious to see prices per sqft by zip code mapped out.
 
Mizake

Mizake

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Ishad said:
Prices for starter homes suck everywhere just not as bad as Cali

www.coldwellbankerhomes.com

2601 Marsh Ln #211, Plano, TX 75093 - MLS 20175929 - Coldwell Banker

Sold - 2601 Marsh Ln #211, Plano, TX - $0. View details, map and photos of this condo property with 2 bedrooms and 2 total baths. MLS# 20175929.
www.coldwellbankerhomes.com www.coldwellbankerhomes.com
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Yeah. Part of the problem is people leaving Cali and NYC and driving up prices everywhere. See: Idaho.

Also Plano is really nice, probably the best area near Dallas if you ask me. It’s also somewhere people actually want to live, unlike Compton.
 
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Kriptini

Kriptini

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I closed on my starter home in southern California a couple weeks ago. 3 bedroom, 2.5 bath, 2 car connected garage, 1.5k square feet priced at ~$330 sq. foot. I've put quite a bit of work into it but it wasn't really being sold as a "fixer-upper;" it was liveable, if dated. This is about an hour outside of LA in an area that doesn't have any gang violence, either. It's still not "affordable" compared to other states but it's certainly more reasonable than LA proper.
 
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ToeMissile

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Kriptini said:
I closed on my starter home in southern California a couple weeks ago. 3 bedroom, 2.5 bath, 2 car connected garage, 1.5k square feet priced at ~$330 sq. foot. I've put quite a bit of work into it but it wasn't really being sold as a "fixer-upper;" it was liveable, if dated. This is about an hour outside of LA in an area that doesn't have any gang violence, either. It's still not "affordable" compared to other states but it's certainly more reasonable than LA proper.
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An hour with or without traffic? :D
 
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Lanx

Lanx

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Kriptini said:
I closed on my starter home in southern California a couple weeks ago. 3 bedroom, 2.5 bath, 2 car connected garage, 1.5k square feet priced at ~$330 sq. foot. I've put quite a bit of work into it but it wasn't really being sold as a "fixer-upper;" it was liveable, if dated. This is about an hour outside of LA in an area that doesn't have any gang violence, either. It's still not "affordable" compared to other states but it's certainly more reasonable than LA proper.
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who can even afford to go into LA anymore
81b74a1420159c45b31a5cb292e9cbde.png
 
Drinsic

Drinsic

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Kriptini said:
I closed on my starter home in southern California a couple weeks ago. 3 bedroom, 2.5 bath, 2 car connected garage, 1.5k square feet priced at ~$330 sq. foot. I've put quite a bit of work into it but it wasn't really being sold as a "fixer-upper;" it was liveable, if dated. This is about an hour outside of LA in an area that doesn't have any gang violence, either. It's still not "affordable" compared to other states but it's certainly more reasonable than LA proper.
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But why Cali at all?
 
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Lanx

Lanx

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i walk by this house almost everyday, they have a PODS right outside, i'm guessing b/c they've been staging the house all this time
0d10405a738e508394c659f792157ff8.png


literally any other month? it would probably sell just fine,
this is a google image
030192bd74bb3aa79f3f4e028a1e1198.jpg

but the HOA fucked them, b/c the pond looks like shit, it looks like there is scum and alge floating on top,(not this pic, this is old pic) in fact the fucking geese hang around the lake, it's so nasty
 
Fogel

Fogel

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This thread is depressing, I remember buying my house in South Jersey in 2016 for 130k and it was a 1700 sq footer that was recently completely updated with new flooring, walls, the whole 9 yards. Then I bought my house in Florida in 2019. It was brand new construction 1300 sq foot for 192k. A lot can change in 3-6 years.
 
Sanrith Descartes

Sanrith Descartes

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Kriptini said:
I'm a freelancer in television so I pretty much have to be near LA. Although what I do specifically is full remote, I need to be around LA for networking purposes.
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So you hang out at the local Starbucks all day with your laptop open?
 
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Big Phoenix

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Jesus Opendoor must have some truly retarded people working for it. They bought another house on my street 3 weeks ago for $445k and have already relisted for $425k.
 
Kriptini

Kriptini

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Abigailicious said:
What do you do that requires your physical presence in LA?
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Deathwing said:
Networking, he said. Kinda hard to suck dick if said dick is far away.
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Exactly this. My day-to-day work is full remote, but in my industry, you don't get hired off of resumes; you only get hired off of recommendations. Gigs tend to last 6-8 months before I need a new one, so I have to keep up with sucking dick until I get to a place where I will get a steady stream of gigs to my inbox without needing to leave my house. (I'm just shy of three years in the industry.)
 
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