Xcountrymove

Our desire to purchase a home sooner rather than later is based on our fear that we are being priced out of the market. I was somewhat aware of the astronomical housing prices in Los Angeles but even I was surprised when I started taking a closer look. I saw a segment on the local news last week that stated that only 17% of Californian's can afford to purchase an average home. An average home is defined as costing $550,000. Boy I would like to find me an average priced home. We haven't seen anything below $750,000. The funny thing is that $700,000 doesn't get you much real estate in Southern California. In other states this amount will get you the house of your dreams. In California you'll get a 1500 hundred square feet home with 2 or 3 bedrooms that was built somewhere between 1940 and 1980. I guess what I'm trying to say is you won't get much. This is a pretty hard concept to grasp considering that this is a ridiculous amount of money.

Any way, to get back on topic, I'm going to blog about my house hunting experience in order to let other people who might be getting into the same situation what to expect. Today we are off to 3 homes. One is in Santa Monica and the other to are in West Los Angeles. Our real estate agent sent us info on all three and they range from $800,000 to $875,000. I'll let you know how it goes.