>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.htmlOne of my co-workers rents an apartment (2 BR <1000 sq ft) in San Jose. I think he has about a 20-25 minute commute. Rental rates are going so high that he's talking about buying a house (1600 sq ft) in Los Banos. The commute will be atrocious (through a frequently fogged up mountain pass with heavy traffic) but he expects that his mortgage payment will be about the same as his rent and the tax benefits will offset the higher commuting, energy, etc. costs.
