This is what $880K gets you in gang ridden East LA

[OffwhiteBrah]

If you don’t own a home by now, you never will. It's not going to come back down either. Homes are no longer meant for private ownership. Real estate investment firms; blackrock, Blackstone, and Vanguard are buying up everything and many times, with cash.

You, we, everyone except a few chosen individuals are all to be renters.

You will own nothing and be happy.

sold 6 days ago

3 bd 2 ba,1188 sqft
4945 O'Sullivan Dr, Los Angeles, CA 90032


https://www.redfin.com/CA/Los-Angele...2/home/6953981
https://www.zillow.com/homedetails/4...20644224_zpid/

[steeler505]

Imagine choosing to live in LA

[gluon]

whats even more concerning is they are cutting off the back door aswell, partially developed land.

2-3 years ago 5 to 50 acre plots everywhere in TX for 1-6k an acre depending on quality. fast forward to today, all those mid acreage plots in bumfuk nowhere have been bought and divided into .5 acres plots for fukin 30k+

[CockHorse]

1) You don’t speak for everyone

2) I own plenty of stuff including a home.

3) I am very happy

4) I don’t live in siht hole LA

5) fist yourself

6) Read number one

[desslok]

Thats nothing. A house sold in Berkley a while back that had completely burned down. It was like $960k

[mikebadg3]

1) You don’t speak for everyone

2) I own plenty of stuff including a home.

3) I am very happy

4) I don’t live in siht hole LA

5) fist yourself

6) Read number one

triggered

[MikeLowrrrey]

If you can't own a home it's your fault. Start working hard and stop buying avocado toast.

[NitrogenWidget]

i expected worse crime wise. just a few car break ins and one car theft and not even that close.

https://www.crimemapping.com/map/loc...CA%2090032?id=

however there are at least 15 kiddie didlers, rapists, and perverts within walking distance.
And those are the mapped ones. there are apparently people not listed on the map in the county so who knows where they are.

https://www.familywatchdog.us/showmap.asp#legend

[Babayagawick85]

Lmaoooooooo

[AccountingMajor]

Would never buy a house in Ca.let alone LA. All the the liberals keep expanding their reach in the state. Now there are people who live in Menifee and commute to San Diego.

That's a 2.5hr drive, one-way, everyday..

Traffic is getting a lot worse and jobs pay less and less in San Diego. Rent is at $3K in San Diego County.


Like look at this poverty job. This should be entry-level 0 experience required.

https://www.indeed.com/m/viewjob?jk=30b1b7eddeb53af1

[JaxBrah]

that actually looks pretty nice and has a amazing view. although youd have to be wealthy and single

[Olympia2018]

Looks like a cheap apartment/house. Wonder if comes with guns and ammo, and also no metal bars on front door? Might as well just leave front door wide open 24/7

Welcome to liberalville

[Voidgaze]

If you don’t own a home by now, you never will.

I accepted that reality long ago.

[Redfish225]

If you don’t own a home by now, you never will. It's not going to come back down either. Homes are no longer meant for private ownership. Real estate investment firms; blackrock, Blackstone, and Vanguard are buying up everything and many times, with cash.

You, we, everyone except a few chosen individuals are all to be renters.

You will own nothing and be happy.

sold 6 days ago

3 bd 2 ba,1188 sqft
4945 O'Sullivan Dr, Los Angeles, CA 90032


https://www.redfin.com/CA/Los-Angele...2/home/6953981
https://www.zillow.com/homedetails/4...20644224_zpid/

Are they buying all the wood, nails, plumbing too? The things you build a house with yourself?

[OffwhiteBrah]

1) You don’t speak for everyone

2) I own plenty of stuff including a home.

3) I am very happy

4) I don’t live in siht hole LA

5) fist yourself

6) Read number one

why so upset ? I'm a landchad and included myself in the post

[Nicklol]

I'm ok with renting

or just not living there at all

[401Delta]

Perched at the top of the most desirable street in the elusive pocket of University Hills, this quintessential hilltop home boasts picturesque Downtown LA & Dodger Stadium vistas

The view from the backyard is quite a bit better than an alley.

[pengh]

It's bigger than the OP 1st photo and a pretty nice view of skyline/hills. But just lol at living in that cluster fuk

[AccountingMajor]

I accepted that reality long ago.

Texas is dirt cheap by comparison though.

[EireGunner]

Why do American houses look like they're going to fall over at any moment?

But who was sturdy construction with quality materials?

[Polaris]

Would never buy a house in Ca.let alone LA. All the the liberals keep expanding their reach in the state. Now there are people who live in Menifee and commute to San Diego.

That's a 2.5hr drive, one-way, everyday..

Traffic is getting a lot worse and jobs pay less and less in San Diego. Rent is at $3K in San Diego County.


Like look at this poverty job. This should be entry-level 0 experience required.

https://www.indeed.com/m/viewjob?jk=30b1b7eddeb53af1

lol, I know we've talked about this in the past, but I used to live in San Diego. I got out of the Navy and then finished a Masters in Accounting and...holy fuk the job market is shyt there. Add in how shyt the pay is compared to the COL and...Goddamn.

[mchabs]

lol, I know we've talked about this in the past, but I used to live in San Diego. I got out of the Navy and then finished a Masters in Accounting and...holy fuk the job market is shyt there. Add in how shyt the pay is compared to the COL and...Goddamn.

For accounting the jobs suck here. I have a degree in accounting but did a career change because the accounting jobs were absolute chit.

[Procta]

at least it has 2 bathrooms for 1100 sqft

[katya422]

that actually looks pretty nice and has a amazing view. although youd have to be wealthy and single

Price is crazy to me, but it looks like a nice small house if you don't care about having any yard and being right on the street.

[mchabs]

Price is crazy to me, but it looks like a nice small house if you don't care about having any yard and being right on the street.

most houses in CA have very little yard

[BlueberryBoysEx]

I'm going all in on home ownership next summer. Going to secure a family home for my kids and ill pass it on to them when it's doubled from 400 to 800.

[OffwhiteBrah]

I accepted that reality long ago.

You are still free to dream of owning a home

[sloop]

Obviously comparing apples to oranges here, but I was curious what $880K gets you in my neck of the woods.

This is only $680K. Still 200K left over to play with.

5 bed / 4.5 bath / 6,036sqft / 7.85acre lot

in b4 "yeah but Ohio.."

https://www.realtor.com/realestatean...0_M33068-96565

[Agentdark45]

Lol @ poverty American homes made of wood and plasterboard.

[frankdtank20]

LOL at whoever bought it. The Redfin estimate had it at $812K and LA is always insanity. There are always some fools and whoever bought that is catching a falling knife. More homes in LA City are having to reduce prices than any time in the last 5 years. A quick look on Redfin shows in LA City prices have fallen $130K (12%) from May to October. The house from the OP must have one hell of a view.

https://www.redfin.com/city/11203/CA...housing-market

The Federal Reserve is determined to bring us an unambiguous recession. They won't be able to sell that house for $780K in 2024. Blackrock mostly invests in companies that rent out residential homes instead of buying directly. It's a bit scary, but not so serious. Blackrock and Vanguard were putting tons of money into residential real estate because we had almost 0% federal funds rates for a dozen years. They had free money to play with. That's not happening again this decade.

The Federal Reserve created this last housing bubble, they will cause its deflation too. The thing is, inflation won't come back to normal (under 3%) even with a FR caused recession in the next year, so if we're lucky 30 yr mortgage rates will be brought back down to "only" what they are now, 7% in 2024.