Anyone want to rent from me a two bedroom pad in LA in the midst of the action?

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Random question, Torie. How much do you think a single family home, about 1,900-2,000 sq feet, in a place like Laguna Niguel or Mission Viejo rent for? Less than this place?

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Thanks. I was trying to figure out rent in Socal compared to the Bay Area, specifically Pleasanton. I feel your city or MV are a good proxy.

Your place would be good for young urban professionals, I think.

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Dumb question. What is it about CA/NY that makes people willing to pay these exorbitant prices for housing? Supply/demand obviously, but presumably, you're getting something for all that money. The demand has to come from somewhere. I've been to LA and New York several times, and don't see what's so amazing that would make anybody would choose to live in either given the cost.

In the case of the pad that I am hawking, the answer is:  Hollywood!  There are a lot of high paying jobs around for talented young folks who aren't into buying a home in a hurry.  Most of my tenants have real talent come to think of it. It's a niche market.

Yup, most of the LA area you wouldn't be able to charge that much for that place. But not like it would be substantially less. And it's just so much more than the rest of the country....

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Dumb question. What is it about CA/NY that makes people willing to pay these exorbitant prices for housing? Supply/demand obviously, but presumably, you're getting something for all that money. The demand has to come from somewhere. I've been to LA and New York several times, and don't see what's so amazing that would make anybody would choose to live in either given the cost.

Jobs tend to be higher paying, schools at least here on Long Island tend to be among the best in the country, so quality of education is key.

I bet the school district for this pad is not so good. Torie can give you a better idea. Though this sort of place isn't comparable to Long Island. That would be the places like Laguna Niguel or Mission Viejo like we were talking about earlier, or inland areas like La Canada Flintridge, Arcadia, Thousand Oaks etc.

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Moreno Valley?

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Missouri is cheap. A 1bd apartment in the Nashville area will run you about $500-600.

LA? ewww

This is not the 1990's. Though I do agree SF is much superior.

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HOA fees are sometimes paid for, sometimes not. Though I doubt this neighborhood will have one. Utilities are usually your own expense.

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Living in Munich would be interesting (assuming that is where you live). My sister was there just last week for work (not Oktoberfest lol) and she liked it. Though she hated how narrow the streets were and sometimes she was confused whether the streets were for walking or driving lol. And drove at 100mph on the Autobahn...

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Moreno Valley?

No, sbane. The one in Silverlake on Moreno Drive. Do you see me living in Moreno Valley? 

Yeah I was pretty damn confused.

HOA fees are sometimes paid for, sometimes not. Though I doubt this neighborhood will have one. Utilities are usually your own expense.

HOA fees are almost always paid for by the Landlord, even if a single family home. I pay those for my desert houses. Hey, my La Quinta house (aka "the palace") with that pool is available too! 

I see. Well my parents do pay the HOA for their rented out Pleasanton house. The only other person I know who rents out properties is my uncle but he only has houses in sh**tty neighborhoods all over America. He makes sure none of them have HOA's.

Oh, and how much is the La quinta house listed for? Sq footage?

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Living in Munich would be interesting (assuming that is where you live). My sister was there just last week for work (not Oktoberfest lol) and she liked it. Though she hated how narrow the streets were and sometimes she was confused whether the streets were for walking or driving lol. And drove at 100mph on the Autobahn...

Narrow streets? Welcome to Europe! Munich is an especially unfortunate place to drive, of course. My university is in Munich. I live in Holzkirchen, though. About a 30 min. train ride to the uni. Beautiful city and surrounding, with Bavaria's beautiful lakes and mountains about equally far away.

Ah the Autobahn 100 mph is really not an unusual speed. You're certainly not the fastest on the road with that speed under normal circumstances and assuming traffic plays along.

Indeed. She said she had to stay in the slow lane, because apparently people will rear end you, or something.

And she said that when she left, she was complaining about how small the parking space was at the airport. When she came back, she couldn't believe how big it was.

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Damn that pool looks nice. Though get rid of that unnatural grass. Golfers should move to Kentucky or something. The palm trees (assuming it's the California fan palm) can stay though.

And damn that costs a lot. Though if some snow birds just rent it for half the year it makes sense. Are there any jobs in the area that can sustain that sort of rent?