While prices are high, they are plateauing in some areas and combine that with low interest rates, it's still better to buy than rent. At least you can build equity over time. At least you can rent out the place if you need to, and rents in LA are high. At least you can write off some of the property expenses. At least you can have stability from rising rents and unpredictable Landlords.
Areas that are exciting because of changes, new development, public transportation access, and overall a range in prices:
1. DTLA of course! Still one of the most desirable areas because of the FWY access, public transportation is growing in the area, and many companies are relocating to DTLA:
2. West Adams is a huge Transportation Priority Zone. Tons of development happening along Adams Blvd, and spillover from Culver City and Mid City plus some beautiful Craftsman & Spanish gems are making this neighborhood a good buy.
3. Highland Park has been happening for a while. And it's still going strong because of the amazing stock of homes (many that still need polishing, which means there's still room for growth and value), a very small amount of apartment housing (most are SFRS), hillside views and interesting topography, access to Goldline, and the fact that it's sandwiched between the best of the eastside areas like Pasadena, DTLA, Eagle Rock, Frogtown.
Tuesday, June 4, 2019
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