Updated about 5 years ago on . Most recent reply
Is it really impossible for Los Angeles native to buy a house?
I was born and raised in LA and it has been truly disheartening to see that I will probably never be able to afford any property here unless I want to risk getting shot in the middle of the night. It's not even really possible to find a fixer or anything that would reduce the cost of a house. Most of the time the "fixers" are listed at about the same as market price. Will there ever be a real estate market downturn in this market (LA)? I am only 23 so I wasn't able to snatch up property during the last crash, but I have been saving money like crazy and have been thinking the only way for me to be able to do this is to put my whole savings in some crazy investments that would somehow magically give me a 1000% return.