L.A. Commercial Real Estate: No Signs of Life [View article]
In West San Fernando Valley, they try to rent a 3+2 single story family house for $ 2.500, since July. Still empty. Houses are selling well (public schools are very good in this area) at about $ 700.000 for a 4+2 1/2 two stories family house. Two years ago you would have gotten the rental above for that price. I still think it's very expensive but a couple active in teaching can easily make about $ 180.000 a year in LA. They can afford that without problems.
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In West San Fernando Valley, they try to rent a 3+2 single story family house for $ 2.500, since July. Still empty. Houses are selling well (public schools are very good in this area) at about $ 700.000 for a 4+2 1/2 two stories family house. Two years ago you would have gotten the rental above for that price. I still think it's very expensive but a couple active in teaching can easily make about $ 180.000 a year in LA. They can afford that without problems.
Oct 19 09:20 am
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All Comments by Fabien Hug »L.A. Commercial Real Estate: No Signs of Life [View article]