Presently in California the housing market has gone through some dramatic shifts.
Taxation, sanctuary cities, and economic boom have made housing prices very high. Complicating the issue is neighborhood decline.
There is a big problem with transients in L.A. and the surrounding metropolitan area. Over 100,000 people who have been displaced for one reason or another live outside.
Some of these individuals are honest enough people, others look at a backyard swimming pool as a latrine. If you’re going to buy a home, you had better be careful to get it in the right neighborhood and maintain the premises immaculately, or you’ve just saddled yourself with a losing investment.
Property is perhaps the least “liquid” asset out there—it’s immobile!
There are many downright darling apartments across California. From Torrance down to San Francisco, you can find the sort of living solutions which perfectly match your needs. However, do they match your budget? And can you afford to even live in these cities over the long-term?
If you’re renting, it’s sort of like “sampling” the metropolis. A six-month or one-year lease may be perfect in helping you to decide if you’ve chosen correctly. This is much cheaper than a twenty-year mortgage. Additionally, you can move if you’ve got to a lot easier through leasing options than stationary residential ones.
It’s integral that you go about finding a suitable apartment for your lifestyle. What really matters in life isn’t money, it isn’t fame, it isn’t human conquest. What really matters is being in a position where you can fully flourish as an individual, blossoming into your intended destiny.
There are only a few ways to do that. You’ve got to be in tune with the world around you, what forces truly control that world, and have real understanding of yourself.
What are your strengths, what are your weaknesses, where are you going, why are you going there, and questions of this nature will be answered in the course of your life. Getting such answers figured out sooner, rather than later, makes a lot of sense. Rental helps you right mistakes with greater ease, and get such answers.
If you’re coming to Los Angeles or San Francisco, you’re probably going to do better finding an apartment before mortgaging a home. Because of property declination and the housing crisis, you’re not getting your money’s worth in most scenarios.
Unless you can buy outright, turn the property into a Passive Income Generator (PIG), like a duplex or an apartment is, and recoup your losses off the back-end, property is getting difficult in much of California.
Those in real estate are able to make money from the market, those who aren’t are just trying to keep from losing too much. Renting, leasing, or even going the van-dwelling route may make more sense. Following, several financial advantages of rental will be explored.
If you’re in IT, if you’re a musician, comedian, or entertainer living near Oakland, or if you’re in finance, you may find the majority of your work actually comes from across the bay, in neighboring San Francisco. But here’s the thing: there’s a bridge between Oakland and San Francisco. It’s almost always jam-packed with traffic. Unless you’re making the transit late at night, you’ll be waylaid.
The Bay Area Rapid Transit (BART) system is a train that passes through beneath the bridge; but if you’ve ever ridden it, you know it’s “sketchy” to say the least. It hasn’t been properly maintained owing to population expansion in this area, and it’s a very loud, rickety, frightening ride—which the locals accept implicitly.
Perhaps you can handle this commute, but perhaps you’re better suited living across the bay. With an apartment, you save significant resources through short-term leases which can be completed quickly, allowing you to move when you need to. Residentially, you’ve got to put up with the undesirable things.
Wherever you live, you’ll need to balance residential life with occupational life and transit. Given the astonishing cost of living in Southern California, going the apartment route can really help you retain sustainability and flexibility when you really need it.