All Discussions Tagged 'Estate' - Real Estate Finance2024-03-29T05:09:20Zhttps://realestatefinance.ning.com/forum/topic/listForTag?groupUrl=due-diligence&tag=Estate&feed=yes&xn_auth=noAny SoCal Resident Can Tell You Rent is Hightag:realestatefinance.ning.com,2016-05-19:6517464:Topic:2668832016-05-19T12:11:57.048ZJanos Sztojkahttps://realestatefinance.ning.com/profile/JimSztojka
<p>Any SoCal Resident Can Tell You Rent is High</p>
<p>But did you know the average cost of a home in Los Angeles ($658,000) is more than double <br></br>the national average for houses of the same size? Real estate experts say that the gap <br></br>between the cost of living in LA and the rest of the country will continue to get larger, <br></br>all the way through 2018. When gainfully employed, educated people with salaries hovering <br></br>around $250,000 a year are looking to move to nearby cities due to…</p>
<p>Any SoCal Resident Can Tell You Rent is High</p>
<p>But did you know the average cost of a home in Los Angeles ($658,000) is more than double <br/>the national average for houses of the same size? Real estate experts say that the gap <br/>between the cost of living in LA and the rest of the country will continue to get larger, <br/>all the way through 2018. When gainfully employed, educated people with salaries hovering <br/>around $250,000 a year are looking to move to nearby cities due to the inability to find a <br/>home within their budget that meets their standard of living, it is clear that California <br/>is pricing out its own residents. And the truth is - there isn't really much anyone can do <br/>about it.</p>