latesummer2008 and LA Renter. You guys are West LA, right? What do you think about the valley, namely Glendale/Burbank/La Canada?
These areas tend to have less room like the coastal areas (thought they still find room or build bigger) but I’m still seeing 50 year old 3br houses go for $700 in the decent areas, and many for more than that. Prices have definately dipped into the $500’s in some areas, but I will be a first time buyer so I don’t have massive equity from the bubble to use towards something I otherwise couldn’t afford.
You also get the Aerospace excuse out here, but I just laugh at that and follow it with Real Estate IS the new Aerospace.
