Re:Affordable Housing Draws Middle Class to Inland Cities
by Balgair on Monday August 04, 2014 @03:06PM
(#8133448)
Not just in the US, either. I just spent 3 weeks in Europe, and man, there are some very affordable and nice places to live there. If you have the 'passive' income, consider the Italian Lake district.
That said, we are leaving LA for Denver. West LA is 'gentrifying' pretty bad right now. We spec'd housing prices in Denver, and a 3 story house's mortgage can come in under our rent in LA. Yeah, there is give and take there, but the diff between LA and Denver housing is amazing. Denver, yes, does not have oceans, but otherwise is very similar to the Bay culturally.
Also, don't forget the reason that prices for homes in California are so distorted: Prop 13. The legislature needs to amend it. The longer we wait, the worse it gets.
That said, we are leaving LA for Denver. West LA is 'gentrifying' pretty bad right now. We spec'd housing prices in Denver, and a 3 story house's mortgage can come in under our rent in LA. Yeah, there is give and take there, but the diff between LA and Denver housing is amazing. Denver, yes, does not have oceans, but otherwise is very similar to the Bay culturally.
Also, don't forget the reason that prices for homes in California are so distorted: Prop 13. The legislature needs to amend it. The longer we wait, the worse it gets.