California Living

[SomethingClever]

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Southern California: hellhole or good place to live? I'm thinking of a move soon. I don't mind high housing costs, but only if value is retained.

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Are you a professional online poker player? If so, go for it.

If you're looking at ANY kind of commute, it's most likely going to suck ass.

[Monkeyslacks]

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I'll vote for good place to live. I don't see how anyone could really call it a hellhole. Maybe slightly overrated, but hellhole?

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[Monkeyslacks]

So where are the good places? Where would you live if you had your choice?

[Monkeyslacks]

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Real estate prices are high right now, because low interest rates have pushed them up. So home values, or at least the increases, will subside, one would think, as interest rates creep up. But longterm, you can't go wrong.


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I'm actually quite interested in residential and commercial property development. Longterm, I hope to have this form of investment be my major source of income. Would you have any thoughts on specific communities that would be attractive, keeping that goal in mind? We're really not too limited in any respect in terms of where we end up...

[Monkeyslacks]

You don't even miss the East Coast [censored] attitude?!

[Monkeyslacks]

I'll probably get a job at a firm eventually. My interests lie in real estate development and practicing for a while will help get me acquainted with the relevant local structure/situation. My interim and supplemental income will be derived from poker though.

[BettyBoopAA]

I think you'll love LA. I moved to LA in June from Boston and love it here. I've been here many times before moving. The weather is great, a little hot in the summer as I live in the valley.
Traffic is bad(I live 1.5 miles from work so it's not bad for me)
The only thing I miss from the East Coast is the food, it's much much better on the East Coast.

[andyfox]

I'm not an expert in that field, perhaps some others here can help. But right now one hot area, perhaps the hot area, believe it or not, is downtown L.A. I've just bought a loft there, as an investment, right opposite Staples Center. I paid 50% more than the previous owner paid two years ago. Soon, there will be a 60-story, 1200 room hotel, a new 7,000 seat performing arts arena, a mall for farmer's markets, parades, etc., a shoping mall, a movie complex with 4,000 seats, and ESPN's west coast broadcast studio. Magic Johnson has just bought a nearby office tower and AEG is the primary land owner (they built Staples Center) with Rick Caruso (who developed the wildly successful Grove shopping center) the developer. L.A. has never really had a downtown, but I think it is now happening. But, as I say, I'm just an interested amateur, hopefully others here will be better able to guide you.