Apr
04
Los Angeles – rent or move to some random city and buy a house someday?
By
I live in Los Angeles and want to buy a house someday. However, I am torn between staying in Los Angeles and probably renting for the rest of my life (can’t afford to buy a home) or moving to more of a low key city and being able to buy a home. I have friends who live in small cities and are paying as much as I pay for rent to live in a big house. I’m in my mid-20’s and single. I like LA, but I’m wondering what you think: are there other cool places out there that also is a great place to buy/rent a home and raise a family someday or is Los Angeles the place where it’s at and totally worth it. What do you think?
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2 Comments
April 5th, 2010 at 10:37 am
It really all depends on your numbers. How much money do you make, what are your plans for the future in terms of family and such, and so on. Remember that if you live further out, you will save money on rent but spend more on commuting to work, so it may cancel out.
I suggest you see a financial planner to crunch your numbers for you.
April 8th, 2010 at 2:28 pm
I can relate to your dilemma. I too have grown tired of the high cost and little return of living on the west coast and agree with the thinking of relocating to a simpler lifestyle in a midsized city. Been thinking possibly Des Monies,IA or Topeka,KS and other cities of the like. You’re on the right track for sure!