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Curbed/Zumper: LA rental map: Monthly median rent comparison for 1BR apartments
- Thread starter Tripon
- Start date
Gray Matter
Member
How do people live there? Seriously.
Even if you're working in the tech industry, $3000 for a ONE bedroom is insane.
Even if you're working in the tech industry, $3000 for a ONE bedroom is insane.
I current have a roommate. Likely will stay at my current place in Reseda for another year, then move back with my parents so I can save money on rent until the recession hits so I can finally buy an apartment or house 🏠.
It's fucked up that I'm waiting on basically somebody's else pain, but I don't know what else to do.
Clockwork5
Member
Those are one bedroom rental prices?
My God...
My God...
Two words. San Francisco
Earthbound64
Banned
"Voices of 90037?"
What?
The thing about having a mortgage payment is you have to convince someone to give you a mortgage and someone else to sell you a house.
What?
The thing about having a mortgage payment is you have to convince someone to give you a mortgage and someone else to sell you a house.
WaterAstro
Member
Wow that's certainly more than Vancouver. I thought it was supposed to be the most expensive here.
Vancouver housing prices are insane but rent isn't THAT crazy, if you can find a place to rent.
Earthbound64
Banned
Also, on a quick search, for what it's worth, there are a bunch of 1BR apartments around Riverside, CA for around $900-$1000/mo.
On checking, that's 60 miles from LA, but ah well, it's an option at least.
On checking, that's 60 miles from LA, but ah well, it's an option at least.
Prices have stayed relatively low in the Inland Empire because new housing constructions are being built everywhere.
I'm guessing it's a lot of people that work in LA/Orange County buying up homes out here.
Very insightful.
PeterLegend
Member
The problem with buying homes in the inland empire is most jobs are either west or south which equals major traffic to work and going home. You'll be driving at least 60 miles a day or even up to 90 if you work in LA or OC/Irvine.
You can get more land going east but there's downsides ugh
You can get more land going east but there's downsides ugh
Earthbound64
Banned
Yeah, I'm sure it's people who work in LA, and most people would consider 60 miles too long of a commute (understandably so). But, at least it's doable for a period of time.
LA could easily double housing stock in is core areas. LA his actually aided by the fact that it does not have a real downtown, rather distributed job centers.
If you live in Santa Monica, you're making damn good money.
You have to understand, LA is HUGE.
Those places are expensive, but that's relatively close to downtown area (And downtown LA is basically just one huge area and not a few concentrated blocks) where a lot of people work.
Areas West/North/East of downtown are much less expensive and they're only 30 minutes to an hour commute depending on how much you want to save.
Beer Monkey
Member
Automation is going to burst this bubble so hard. I think we're in another irrational exuberance period.
Shogmaster
Member
I'm paying $1200 for 1BR in Ktown. I don't dare even thinking about moving...
Love how the map leaves out the Valley. Pretty sure thats part of LA.
The rent and traffic make LA a hell whole to me. There are definitely some great things to LA but they don't outweigh the downsides in my opinion. I live in Ventura county and feel its a good mix of being close enough for the good things but don't have to deal with crap every day. Rent is still high though for decent places closer to the country line.
The rent and traffic make LA a hell whole to me. There are definitely some great things to LA but they don't outweigh the downsides in my opinion. I live in Ventura county and feel its a good mix of being close enough for the good things but don't have to deal with crap every day. Rent is still high though for decent places closer to the country line.
The problem is that in many cases in the US you can't build housing because of NIMBY bullshit. The reason it works in Japan is that zoning laws are much better. You don't reserve land for single family homes, you just have to obey the maximum use limit.
South Bay isnt technically in LA but it is as close as you can get and it's really nice down there.
San Francisco looking at LA going "Damn bro, those are some cheap rents you got there!"
]
Every time I see a map of L.A. I realize I have no idea where most of these places actually are located.
Anyway, I manged to be lucky with my housing situation, since I have an $800 1 bedroom apartment in Northridge in a pretty durn prime location, if I do say so myself (right next to CSUN).
Earthbound64
Banned
That's technically false...
I mean, as far as non-morbid options, you can fit more people into each house.
Just saying...
StopMakingSense
Member
Yeah and it cuts off a large chunk of East LA
Zoning in Japan is controlled at the national level as well. The chance of localized, monied interests throwing a wrench into new housing developments is greatly diminished.
rockinreelin
Member
It excluded the valley and east la... Ok. also this is just the median but you can still find a plethora of ding bat apartments and even older apartments for less then what you see there. I think the luxury apartments that's only being made in LA these days throws the averages off. A lot of those new luxury apartments are just places Chinese buy to stash their money in (not literally of course).
Earthbound64
Banned
Another thing to consider - if you're a single person, or even possibly a couple - is that there are rooms for rent pretty darn close to LA for under $800.
Again, I know, far from ideal, but another option at least.
Again, I know, far from ideal, but another option at least.
Which is kind of irrelevant, as none of that translates to the US. Housing isn't a depreciating asset because generally we don't built stuff so cheaply that they are worthless within a few decades. Add in the imminent population decline and that solves pretty much all your problems right there. Probably also undervalued in that video? The fact that they've got such good rail, making much further-flung outskirts easily accessible. Getting a 15 minute train ride to the heart of the city is pretty great by American standards.
And this is excessively reductive as well. NY's prices, for instance, having very little to do with "NIMBY bullshit" as you describe it (before we even get into the idea that at some point shouldn't localities have more say in how their communities look and work?) Stuff like union involvement in construction, property taxes, renter-favored eviction options, and rent controls have vastly more overall effect than "we won't let them build 20 story building everywhere".
Yeah north of the city seems like a safer bet
Tell me about it. Last job I left San Bernardino right off the 210 near CSUSB at 7:30 and got to West Hollywood anywhere between 9:20 and 10:10.
Gross.
Myths
Member
Saw this map a while back as I'm still searching for a 1 BR. They should have shown farther east, it's actually not that bad. Get you a gas efficient vehicle and find yourself Norwalk-Downey or beyond tbh. Or you can head down to Torrance/Gardena. Or you could head up past North Hollywood. Either way you have it...
Also...even two part time jobs won't cut it.
Also...even two part time jobs won't cut it.
Nah.
If anything I think the loss of jobs in the burbs is going to accelerate just at the time when driverless cars eases another issue that kept people from moving into city cores (traffic/parking). On top of companies moving to highly skilled workers and contract work.
ghostofsparta
Member
Tech was a mistake
Gentleman Jack
Member
Now imagine what those rents would be if he had passed that god-fucking-awful Measure S last year.
I dunno. The driverless car stuff could make it easier to move into cities, but it could also make it easier to live further out (as traffic will be reduced and an hour commute is a lot more tolerable if you can do whatever you want in the car while it drives itself.) It'll be interesting to see how it shakes out.
Tokyo's population has been increasing.
Most housing built since the 50s is no better quality than a Tokyo house.
And to the rest of your points, you are arguing secondary and tertiary affects on costs of construction have a greater impact than flat out political bans on new housing.
Democratic voters tend to become very selfish when political action, building new housing, would devalue their net worth.
WaterAstro
Member
I would think that they would be relative. I can easily find a nice 1br apartment for 1000-1200, and a basement suite for 800.
ghostofsparta
Member
"Fuck you got mine", isn't just for Republicans
Escape Goat
Member
According to CNN a 50k salary in Dallas is comparable to a 72k salary in LA. No doubt CA is expensive but why not include relevant contextual information in these articles?
It's going to crash like the country as a whole if trends hold. The video linked above even points that out.
Shockingly, both Democrats and Republicans are humans. And humans respond to incentives, broadly, not from finger-wagging and "you should do this because it's better for a bunch of people you don't really care about."
Why do people think that current owners and renters are going to be interested in suffering through construction, noise, and more competition for parking and crowds so that other people can reap benefits? On a micro scale it has absolutely no benefit for them. Instead of acting like people should just deal with it, smart policy would be to offer incentives so that people are amenable to new development. That can include things like tax incentives so that existing owners are actually compensated and the cities still get the downstream effects of more housing.
Earthbound64
Banned
I don't think this post would go over well in the Healthcare thread.
Well, if you want to get macro about the problem with Republican politics, it's that tangible incentives are not worth as much to (generally white, generally less-eructed, generally rural) people than the incentive of feeling like you've got one up on the "other". People respond to incentives, but we aren't perfectly rational, and therein lies the rub.
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