Search found 6 matches

by poppy42
Thu Dec 05, 2019 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Homebuying in Los Angeles - Advice Needed
Replies: 77
Views: 8240

Re: Homebuying in Los Angeles - Advice Needed

For $1.25M in South Pasadena what you get is truly modest. Unless you're willing to buy a fixer and spend a year of your life rebuilding. For $2M, you're looking at a decent house that doesn't need work. :shock: I know that that's what the prices are, but it still shocks me. I understand how the su...
by poppy42
Thu Nov 14, 2019 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Homebuying in Los Angeles - Advice Needed
Replies: 77
Views: 8240

Re: Homebuying in Los Angeles - Advice Needed

LA Native here for 54 years. Don't buy a house in the LAUSD unless you plan to send your kids to private school. Catholic schools are suffering from low enrollment these days and are a great value if you are either Catholic or you don't mind a little religion in their lives. At the High School leve...
by poppy42
Thu Nov 14, 2019 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Homebuying in Los Angeles - Advice Needed
Replies: 77
Views: 8240

Re: Homebuying in Los Angeles - Advice Needed

Thank you all for the thoughtful replies. CA is indeed its own animal. In LA, the housing values in many areas have skyrocketed, and technically in a lot of places it is cheaper to rent than to buy. The $1.25M house renting for $5K is real. I just checked Zillow and there are many homes for rent in ...
by poppy42
Mon Nov 11, 2019 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Homebuying in Los Angeles - Advice Needed
Replies: 77
Views: 8240

Re: Homebuying in Los Angeles - Advice Needed

Thank you all - I really appreciate the feedback. The $500K is relatively new as we have been fortunate to have growth in our jobs recently. It used to be more like $300K combined. We saved a lot of our down payment over a short period of time, so that is where a lot of the money went, in addition t...
by poppy42
Mon Nov 11, 2019 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Homebuying in Los Angeles - Advice Needed
Replies: 77
Views: 8240

Re: Homebuying in Los Angeles - Advice Needed

If I told you I made $100K and was looking to buy a $250K house, would you say that I can afford it? THat is the same ratio as your are, just larger numbers, you are saying I cant psychologically believe how much a house costs, I am saying I cant psychologically imagine making $500K a year and worr...
by poppy42
Mon Nov 11, 2019 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Homebuying in Los Angeles - Advice Needed
Replies: 77
Views: 8240

Homebuying in Los Angeles - Advice Needed

Hi all, Long time lurker here - thank you all for your awesome retirement/investing advice over the years! My husband and I live in Los Angeles with our one and only child, who is 3. We are in our late 30s. We both work, we both like our jobs, we have family here. We like living in LA but don't love...