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Is it cheaper to get a house then an apartment in los angeles? |
I'm moving to LA soon with my best friend and I need to know if I should get a house or an apartment. I want whatever might be cheaper. The house would need to have 2 bedrooms and so would the apartment. We are gonna split the payments so it's fair. Please help me I need to figure it out so I can save money for it....... Renting, get an apartment. Buying, get a house. Despite what obviousman says, in a new place, I would not recommend buying until you know the lay of the land. Apartment It all depends on the area you plan to move into. Some poor neighborhoods have cheap houses, but are not safe areas. There are newer apartments going up in some of the suburbs south of LA and further east, that may be a much better bargain than renting a house. Definitely an apartment would be cheaper. In LA living in a house is a luxury (less noise from neighbors, parking, backyard, etc.) so houses are always priced higher than apartments. a house! and a house is so worth it! trust me! Renting an apartment is cheaper, but you would probably do very well for yourself if you bought. Right now it's a buyer's market, so you can get a good deal. This way, you will have equity instead of paying all your money to a landlord. |
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