The real estate situation in LA is getting worse by the day. I rent. So the worse part is as owning prices go down, renting prices go up.
I am moving from one of the prime LA areas this week. I have a 1 bedroom apt. when I moved in 5 yrs ago the going rate for a 1 was 1250 - 1350. When looking for the last month, 1's were going for 1500-1600/month.
There are a couple 2 bedroom buildings on my block that have been vacant for a while as they have been undergoing repairs. The buildings in this neighborhood are from the 1920s. I walked thru 1 Sunday during an open house. They are asking 2,800/ month.
>Mine isn't on that list (yet). The realestate / condo situation down here is getting way out of control though.
>
>>America's most miserable cities:
>>
>>
http://promo.realestate.yahoo.com/americas-most-miserable-cities.html
(On an infant's shirt): Already smarter than Bush