So, I got some Downtown LA housing prices....

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Ns1

No Lifer
Jun 17, 2001
55,414
1,574
126
Originally posted by: V00DOO
Originally posted by: r6ashih
I checked out a condo near little tokyo. Prices, if i remember were 600k+. Upgraded kitchen, but basic bath and shower. no upgrades anywhere else. hard to see any value in it =(

In order to comfortably afford a $600k you'll have to make over 150K a year with a minimum of 60K (10%) in down payment. Preferably 120K (20%) down payment to avoid PMI. I don't know about you but if I make over 150K and has 60K to 120K in cash I wouldn't want to live in a small condo cutter. This is why we are in this housing mess. People buying homes they can't afford. Here is a link to an article about the housing crisis in California from Bloomberg.

March 20 (Bloomberg) -- Sacramento may eliminate up to 600 jobs in the city's first staff reductions in half a century, and the police and fire departments in the California capital may have their budgets cut by 20 percent. The culprit is the collapse of the U.S. housing market.

California, the birthplace of the subprime mortgage industry, is paying the highest price of any state as the housing meltdown persists. Its gross domestic product will drop 1.5 percent in the first half of 2008, the most in the U.S., analysts at Lexington, Massachusetts-based Global Insight Inc. estimate.

The state had the most foreclosure filings in the U.S. last year and the biggest fourth-quarter decline in prices, according to RealtyTrac Inc., an Irvine, California-based seller of data on defaults, and the Office of Federal Housing Enterprise Oversight in Washington.

``The depth and magnitude of what's happening in the real estate market is really, really grim,'' said Russell Fehr, Sacramento's finance director, in an interview.

California, the most populous U.S. state and accounting for almost one-seventh of gross domestic product, will lose $25 billion in personal income by the end of 2008 and property values will fall by $630.7 billion, according to forecasts from economist Jerry Nickelsburg at the University of California, Los Angeles, and the U.S. Conference of Mayors....Bloomberg

The subprime mess doesn't apply to most of these locations. These are in primo areas picked up by yuppies and people who work in/around downtown or quite frankly have a shitload of money.

The areas referred to in the article are predominately poor places and 3/4 of the inland empire (hehe). My parents actually live 1 mile north of a street who had one of the highest foreclosure %'s in orange county.

I read an article about a family who got foreclosed on (who lived on said street). Immigrant family, 5 children (so 6 people total). All chipped in on the mortgage of.....4k/month


 

Delta6Echo

Senior member
Jun 1, 2007
838
0
0
Originally posted by: Ns1
these are ALL 2br/2ba

sale price / sqft / HOA (per month)

636k / 1137 / 350
1,375k / 1765 / 850
800k / 1,268 / 565
750k / 1531 / 700
600k / 1226 / 700
550k / 1000 / 450
700k / 1000 / 370

As someone who lives in OC.....that is hilarious. People here aren't willing to pay anything more than $0.60/$1.00 in REALLY AMAZING areas. I'm talking HUGE mansion-like living (2300+ sq. ft. living areas, nearly 10,000 sq. ft lots, back/front/side yards, and huge over-hanging stone driveways)

Hell, if I had that kind of money, I would commute to LA from OC in my nice car. Good fvcking luck!

Originally posted by: Saulbadguy
What would the mortgage payment be on one of those? Good lord.

You don't want to know.....
 

Jschmuck2

Diamond Member
Jul 13, 2005
5,623
3
81
Originally posted by: Delta6Echo
Originally posted by: Ns1
these are ALL 2br/2ba

sale price / sqft / HOA (per month)

636k / 1137 / 350
1,375k / 1765 / 850
800k / 1,268 / 565
750k / 1531 / 700
600k / 1226 / 700
550k / 1000 / 450
700k / 1000 / 370

As someone who lives in OC.....that is hilarious. People here aren't willing to pay anything more than $0.60/$1.00 in REALLY AMAZING areas. I'm talking HUGE mansion-like living (2300+ sq. ft. living areas, nearly 10,000 sq. ft lots, back/front/side yards, and huge over-hanging stone driveways)

Hell, if I had that kind of money, I would commute to LA from OC in my nice car. Good fvcking luck!

Originally posted by: Saulbadguy
What would the mortgage payment be on one of those? Good lord.

You don't want to know.....

Sorry, those don't exist in Orange County.

 

Delta6Echo

Senior member
Jun 1, 2007
838
0
0
Originally posted by: Jschmuck2
Originally posted by: Delta6Echo
Originally posted by: Ns1
these are ALL 2br/2ba

sale price / sqft / HOA (per month)

636k / 1137 / 350
1,375k / 1765 / 850
800k / 1,268 / 565
750k / 1531 / 700
600k / 1226 / 700
550k / 1000 / 450
700k / 1000 / 370

As someone who lives in OC.....that is hilarious. People here aren't willing to pay anything more than $0.60/$1.00 in REALLY AMAZING areas. I'm talking HUGE mansion-like living (2300+ sq. ft. living areas, nearly 10,000 sq. ft lots, back/front/side yards, and huge over-hanging stone driveways)

Hell, if I had that kind of money, I would commute to LA from OC in my nice car. Good fvcking luck!

Originally posted by: Saulbadguy
What would the mortgage payment be on one of those? Good lord.

You don't want to know.....

Sorry, those don't exist in Orange County.

You obviously haven't done your research. They do exist....you're just not looking in the right place.
 

jagec

Lifer
Apr 30, 2004
24,442
6
81
Originally posted by: Jschmuck2
Easily the best state in the Union to live in. There's a reason it's expensive to live here...although since Downtown is still years away from not being gross anymore - unless I'm living inside the Nokia theatre, I'm not biting.

You're talking about LA. LA sucks. There are areas of the Midwest that I would rather live in than LA.
 

BrownTown

Diamond Member
Dec 1, 2005
5,314
1
0
I can't speak for anyone but muself, but California and LA in particualr are exactly NOT the type of places I Would want to live. I mean I know they pay you more, but I really don't see how that can offset these sort of absurd prices. Why would a sucessfull person want to live in a tiny apartment in LA instead of a 3000sq ft house most anywhere else? And its not like you have to be out in the suburbs to get prices like that here in the south, you can be right on the edge of downtown and get great prices. But maybe thats why all the industry is moving down here and not over there.
 

aphex

Moderator<br>All Things Apple
Moderator
Jul 19, 2001
38,572
2
91
I was just looking at a brand new 3300 sq ft. house (under air) today here in SW Florida for $269,900

6 Bedrooms (4 Bedrooms / 1 den / 1 Bonus room)
3 Bathrooms
 

EXman

Lifer
Jul 12, 2001
20,079
15
81
Originally posted by: Ns1
Originally posted by: Saulbadguy
What would the mortgage payment be on one of those? Good lord.

FFS the HOA fee alone is a mortgage in some BFE states

Wow what a nice guy. What isn't BFE to you? My House payment is less than $850 of course i put some BFE dollars down on it. You can keep all your concrete. I like the color green.
 

Jschmuck2

Diamond Member
Jul 13, 2005
5,623
3
81
Originally posted by: Delta6Echo
Originally posted by: Jschmuck2
Originally posted by: Delta6Echo
Originally posted by: Ns1
these are ALL 2br/2ba

sale price / sqft / HOA (per month)

636k / 1137 / 350
1,375k / 1765 / 850
800k / 1,268 / 565
750k / 1531 / 700
600k / 1226 / 700
550k / 1000 / 450
700k / 1000 / 370

As someone who lives in OC.....that is hilarious. People here aren't willing to pay anything more than $0.60/$1.00 in REALLY AMAZING areas. I'm talking HUGE mansion-like living (2300+ sq. ft. living areas, nearly 10,000 sq. ft lots, back/front/side yards, and huge over-hanging stone driveways)

Hell, if I had that kind of money, I would commute to LA from OC in my nice car. Good fvcking luck!

Originally posted by: Saulbadguy
What would the mortgage payment be on one of those? Good lord.

You don't want to know.....

Sorry, those don't exist in Orange County.

You obviously haven't done your research. They do exist....you're just not looking in the right place.

No. I have. I've lived there. It's a suburban hell.
 

Jschmuck2

Diamond Member
Jul 13, 2005
5,623
3
81
Originally posted by: BrownTown
I can't speak for anyone but muself, but California and LA in particualr are exactly NOT the type of places I Would want to live. I mean I know they pay you more, but I really don't see how that can offset these sort of absurd prices. Why would a sucessfull person want to live in a tiny apartment in LA instead of a 3000sq ft house most anywhere else? And its not like you have to be out in the suburbs to get prices like that here in the south, you can be right on the edge of downtown and get great prices. But maybe thats why all the industry is moving down here and not over there.

Would that be the soooooooooooooooooooweeeeeeeeeeeeeeeeeee industry?
 

Jschmuck2

Diamond Member
Jul 13, 2005
5,623
3
81
Originally posted by: jagec
Originally posted by: Jschmuck2
Easily the best state in the Union to live in. There's a reason it's expensive to live here...although since Downtown is still years away from not being gross anymore - unless I'm living inside the Nokia theatre, I'm not biting.

You're talking about LA. LA sucks. There are areas of the Midwest that I would rather live in than LA.

Really? That's ridiculous.
 

Delta6Echo

Senior member
Jun 1, 2007
838
0
0
Originally posted by: Jschmuck2
Originally posted by: Delta6Echo
Originally posted by: Jschmuck2
Originally posted by: Delta6Echo
Originally posted by: Ns1
these are ALL 2br/2ba

sale price / sqft / HOA (per month)

636k / 1137 / 350
1,375k / 1765 / 850
800k / 1,268 / 565
750k / 1531 / 700
600k / 1226 / 700
550k / 1000 / 450
700k / 1000 / 370

As someone who lives in OC.....that is hilarious. People here aren't willing to pay anything more than $0.60/$1.00 in REALLY AMAZING areas. I'm talking HUGE mansion-like living (2300+ sq. ft. living areas, nearly 10,000 sq. ft lots, back/front/side yards, and huge over-hanging stone driveways)

Hell, if I had that kind of money, I would commute to LA from OC in my nice car. Good fvcking luck!

Originally posted by: Saulbadguy
What would the mortgage payment be on one of those? Good lord.

You don't want to know.....

Sorry, those don't exist in Orange County.

You obviously haven't done your research. They do exist....you're just not looking in the right place.

No. I have. I've lived there. It's a suburban hell.

What exactly is your definition of suburban hell?
 

Jschmuck2

Diamond Member
Jul 13, 2005
5,623
3
81
Originally posted by: Delta6Echo
Originally posted by: Jschmuck2
Originally posted by: Delta6Echo
Originally posted by: Jschmuck2
Originally posted by: Delta6Echo
Originally posted by: Ns1
these are ALL 2br/2ba

sale price / sqft / HOA (per month)

636k / 1137 / 350
1,375k / 1765 / 850
800k / 1,268 / 565
750k / 1531 / 700
600k / 1226 / 700
550k / 1000 / 450
700k / 1000 / 370

As someone who lives in OC.....that is hilarious. People here aren't willing to pay anything more than $0.60/$1.00 in REALLY AMAZING areas. I'm talking HUGE mansion-like living (2300+ sq. ft. living areas, nearly 10,000 sq. ft lots, back/front/side yards, and huge over-hanging stone driveways)

Hell, if I had that kind of money, I would commute to LA from OC in my nice car. Good fvcking luck!

Originally posted by: Saulbadguy
What would the mortgage payment be on one of those? Good lord.

You don't want to know.....

Sorry, those don't exist in Orange County.

You obviously haven't done your research. They do exist....you're just not looking in the right place.

No. I have. I've lived there. It's a suburban hell.

What exactly is your definition of suburban hell?

Oh, you know, the old chestnut:

Anyplace between Fullerton and Irvine, inhabited by upper middle class and lower upperclass residents, dwelling primarily in McMansions. These people have far too much fake tanner and are constantly re-applying it.

They drive HUGE trucks and/or SUVs and seem to relish doing so when there is only one person in the car. This is especially true for many of the women, who, when their husbands are working their soul sucking cubicle jobs at the regional office for XYZ tech/law/aerospace corporation, roam the streets with a cellular telephone surgically attached to their head and completely disregard all rules of the road.

These very same people have white, plastic stickers on the rear windows of the aforementioned SUVs with graphical depictions of how many children/dogs/immigrant housekeepers they have. As if the rest of us give a good Goddamn about how many kids named Cody, Tyler and Schyluer they've managed to squeeze out of their surgically reconstructed hoo-ha's.

This very same area is made up of extremely pretentious - well - everything. The stores are pretentious, the people are pretentious...hell, even the police are pretentious.

Irvine is the only place I've ever lived with valet parking at a Subway restaurant. Somehow I feel that if Jared had lived in the OC, his ass would still be huge.

"The OC" started calling itself the "OC" after one of the most insufferably bad, poorly acted, poorly written, melodramatic shows in the history of television. This very fact alone warrants a napalming of the entire area.

Orange County is a place that has deemed itself to be too "cool" for Los Angeles and yet tries so very hard to be just like it but with...like...ya know...fewer black people. They're strange and different to the denizens of Orange County. And for that nice black couple that lives there, well, I can only assume their outings to the South Coast Plaza are very akward. Because let's face it - that's what white people are good at, moving away from anyone with skin darker than them.

But other than that - it's a great place to live.

 

chuckywang

Lifer
Jan 12, 2004
20,139
1
0
Originally posted by: aphex
I was just looking at a brand new 3300 sq ft. house (under air) today here in SW Florida for $269,900

6 Bedrooms (4 Bedrooms / 1 den / 1 Bonus room)
3 Bathrooms

I don't think any new house that size would cost under $300k anywhere in the US.
 

chuckywang

Lifer
Jan 12, 2004
20,139
1
0
Originally posted by: Jschmuck2
Originally posted by: Delta6Echo
Originally posted by: Jschmuck2
Originally posted by: Delta6Echo
Originally posted by: Jschmuck2
Originally posted by: Delta6Echo
Originally posted by: Ns1
these are ALL 2br/2ba

sale price / sqft / HOA (per month)

636k / 1137 / 350
1,375k / 1765 / 850
800k / 1,268 / 565
750k / 1531 / 700
600k / 1226 / 700
550k / 1000 / 450
700k / 1000 / 370

As someone who lives in OC.....that is hilarious. People here aren't willing to pay anything more than $0.60/$1.00 in REALLY AMAZING areas. I'm talking HUGE mansion-like living (2300+ sq. ft. living areas, nearly 10,000 sq. ft lots, back/front/side yards, and huge over-hanging stone driveways)

Hell, if I had that kind of money, I would commute to LA from OC in my nice car. Good fvcking luck!

Originally posted by: Saulbadguy
What would the mortgage payment be on one of those? Good lord.

You don't want to know.....

Sorry, those don't exist in Orange County.

You obviously haven't done your research. They do exist....you're just not looking in the right place.

No. I have. I've lived there. It's a suburban hell.

What exactly is your definition of suburban hell?

Oh, you know, the old chestnut:

Anyplace between Fullerton and Irvine, inhabited by upper middle class and lower upperclass residents, dwelling primarily in McMansions. These people have far too much fake tanner and are constantly re-applying it.

They drive HUGE trucks and/or SUVs and seem to relish doing so when there is only one person in the car. This is especially true for many of the women, who, when their husbands are working their soul sucking cubicle jobs at the regional office for XYZ tech/law/aerospace corporation, roam the streets with a cellular telephone surgically attached to their head and completely disregard all rules of the road.

These very same people have white, plastic stickers on the rear windows of the aforementioned SUVs with graphical depictions of how many children/dogs/immigrant housekeepers they have. As if the rest of us give a good Goddamn about how many kids named Cody, Tyler and Schyluer they've managed to squeeze out of their surgically reconstructed hoo-ha's.

This very same area is made up of extremely pretentious - well - everything. The stores are pretentious, the people are pretentious...hell, even the police are pretentious.

Irvine is the only place I've ever lived with valet parking at a Subway restaurant. Somehow I feel that if Jared had lived in the OC, his ass would still be huge.

"The OC" started calling itself the "OC" after one of the most insufferably bad, poorly acted, poorly written, melodramatic shows in the history of television. This very fact alone warrants a napalming of the entire area.

Orange County is a place that has deemed itself to be too "cool" for Los Angeles and yet tries so very hard to be just like it but with...like...ya know...fewer black people. They're strange and different to the denizens of Orange County. And for that nice black couple that lives there, well, I can only assume their outings to the South Coast Plaza are very akward. Because let's face it - that's what white people are good at, moving away from anyone with skin darker than them.

But other than that - it's a great place to live.

Damn ... that was the funniest post I've read all year.
 

aphex

Moderator<br>All Things Apple
Moderator
Jul 19, 2001
38,572
2
91
Originally posted by: chuckywang
Originally posted by: aphex
I was just looking at a brand new 3300 sq ft. house (under air) today here in SW Florida for $269,900

6 Bedrooms (4 Bedrooms / 1 den / 1 Bonus room)
3 Bathrooms

I don't think any new house that size would cost under $300k anywhere in the US.

Link

The bonus room and den can have doors put on them, effectively making a 6 bedroom house.

3331 sq ft under air.

Its actually in Parish, not Fort Myers like it says. 25 Mins south of Tampa and St. Petersburg, 20 Mins north of Sarasota.
 

vi edit

Elite Member
Super Moderator
Oct 28, 1999
62,403
8,199
126
Originally posted by: chuckywang
Originally posted by: aphex
I was just looking at a brand new 3300 sq ft. house (under air) today here in SW Florida for $269,900

6 Bedrooms (4 Bedrooms / 1 den / 1 Bonus room)
3 Bathrooms

I don't think any new house that size would cost under $300k anywhere in the US.

http://www.maloofrealty.com/se...?mls=1090920&MLSArea=1

Your own state. Plus in one of the best school districts in the state. It'll be close to 4k sq/ft once you finish the basement.

 

HamSupLo

Diamond Member
Aug 18, 2001
4,021
0
0
I'm from LA and would love to live in DTLA. It's probably unlikely that the condo prices will come down enough to afford since it's mostly yuppie professionals with shitloads of money who are buying.
 

Jschmuck2

Diamond Member
Jul 13, 2005
5,623
3
81
Originally posted by: HamSupLo
I'm from LA and would love to live in DTLA. It's probably unlikely that the condo prices will come down enough to afford since it's mostly yuppie professionals with shitloads of money who are buying.

 

Delta6Echo

Senior member
Jun 1, 2007
838
0
0
Originally posted by: Jschmuck2

Oh, you know, the old chestnut:

Anyplace between Fullerton and Irvine, inhabited by upper middle class and lower upperclass residents, dwelling primarily in McMansions. These people have far too much fake tanner and are constantly re-applying it.

They drive HUGE trucks and/or SUVs and seem to relish doing so when there is only one person in the car. This is especially true for many of the women, who, when their husbands are working their soul sucking cubicle jobs at the regional office for XYZ tech/law/aerospace corporation, roam the streets with a cellular telephone surgically attached to their head and completely disregard all rules of the road.

These very same people have white, plastic stickers on the rear windows of the aforementioned SUVs with graphical depictions of how many children/dogs/immigrant housekeepers they have. As if the rest of us give a good Goddamn about how many kids named Cody, Tyler and Schyluer they've managed to squeeze out of their surgically reconstructed hoo-ha's.

This very same area is made up of extremely pretentious - well - everything. The stores are pretentious, the people are pretentious...hell, even the police are pretentious.

Irvine is the only place I've ever lived with valet parking at a Subway restaurant. Somehow I feel that if Jared had lived in the OC, his ass would still be huge.

"The OC" started calling itself the "OC" after one of the most insufferably bad, poorly acted, poorly written, melodramatic shows in the history of television. This very fact alone warrants a napalming of the entire area.

Orange County is a place that has deemed itself to be too "cool" for Los Angeles and yet tries so very hard to be just like it but with...like...ya know...fewer black people. They're strange and different to the denizens of Orange County. And for that nice black couple that lives there, well, I can only assume their outings to the South Coast Plaza are very akward. Because let's face it - that's what white people are good at, moving away from anyone with skin darker than them.

But other than that - it's a great place to live.

I get what your saying (I live in Irvine), but that final comment killed me lol :laugh:
 

Jschmuck2

Diamond Member
Jul 13, 2005
5,623
3
81
Originally posted by: Delta6Echo
Originally posted by: Jschmuck2

Oh, you know, the old chestnut:

Anyplace between Fullerton and Irvine, inhabited by upper middle class and lower upperclass residents, dwelling primarily in McMansions. These people have far too much fake tanner and are constantly re-applying it.

They drive HUGE trucks and/or SUVs and seem to relish doing so when there is only one person in the car. This is especially true for many of the women, who, when their husbands are working their soul sucking cubicle jobs at the regional office for XYZ tech/law/aerospace corporation, roam the streets with a cellular telephone surgically attached to their head and completely disregard all rules of the road.

These very same people have white, plastic stickers on the rear windows of the aforementioned SUVs with graphical depictions of how many children/dogs/immigrant housekeepers they have. As if the rest of us give a good Goddamn about how many kids named Cody, Tyler and Schyluer they've managed to squeeze out of their surgically reconstructed hoo-ha's.

This very same area is made up of extremely pretentious - well - everything. The stores are pretentious, the people are pretentious...hell, even the police are pretentious.

Irvine is the only place I've ever lived with valet parking at a Subway restaurant. Somehow I feel that if Jared had lived in the OC, his ass would still be huge.

"The OC" started calling itself the "OC" after one of the most insufferably bad, poorly acted, poorly written, melodramatic shows in the history of television. This very fact alone warrants a napalming of the entire area.

Orange County is a place that has deemed itself to be too "cool" for Los Angeles and yet tries so very hard to be just like it but with...like...ya know...fewer black people. They're strange and different to the denizens of Orange County. And for that nice black couple that lives there, well, I can only assume their outings to the South Coast Plaza are very akward. Because let's face it - that's what white people are good at, moving away from anyone with skin darker than them.

But other than that - it's a great place to live.

I get what your saying (I live in Irvine), but that final comment killed me lol :laugh:

:thumbsup:
 
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