Flippant Remarks from the Rental Class

A Lido Equities PropertyYou not living in California (or some other coastal region) means that I am paying as much rent as you might be paying in mortgage. But I am currently unavailable to move in the house next to you—especially when snow falls on top of your house. What is important for me to remember is that my rent is still not a ‘real’ mortgage in California. A real mortgage here easily exceeds $2000. When you add your commuting fuel costs this might make the figure $2500 for the working couple. Part of the gentrification movement has to do with rising fuel costs.

So, for me, just draw a 50-km radius around Culver City, CA and start looking for apartments. When you still need to look for houses in this area called the “West side,” then this means that you can handle a mortgage of about $5000—or you know how to professionally repair/build homes (or you are a gambler with an ARM—or worse). For the “average” Joe trying to swing $5000, you are going to have to shack up with some kind of mate that can swing $2500 out the box every month. More power to you brothers who be loving a (healthy) woman that can push weight like that.

So for us poor single guys, winking at women working cash registers, we have to rent as long as the sun sets on us in California. These are the critical constraints for me to consider during this very complex process:

Comments

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