So-Cal rental prices
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So-Cal rental prices

  1. #1
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    Default So-Cal rental prices

    Holy Cow!

    I had a job oppurtunity come up through my current employer in So-Cal. I miss the weather a lot and have been considering taking the job. The best part of all is that the job is a substantial pay raise from what I make now and puts me right on the brink of 6 figures.

    I decided to start cruising craigslist and a few of the MLS sights. The house prices have come down substantially and I assumed the cost to rent a home would have come down substantially as well. Boy was I wrong. 1750 seems to be the going rate for an ok place in the IE. 2200+ if you want somewhere fairly nice.

    How in the heck are most people making it out there? Pulling down close to 100k a year And paying 1750 seems like a stretch. I know that most people out there don't make any where close to that.

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    Quote Originally Posted by DannyH View Post
    Holy Cow!

    I had a job oppurtunity come up through my current employer in So-Cal. I miss the weather a lot and have been considering taking the job. The best part of all is that the job is a substantial pay raise from what I make now and puts me right on the brink of 6 figures.

    I decided to start cruising craigslist and a few of the MLS sights. The house prices have come down substantially and I assumed the cost to rent a home would have come down substantially as well. Boy was I wrong. 1750 seems to be the going rate for an ok place in the IE. 2200+ if you want somewhere fairly nice.

    How in the heck are most people making it out there? Pulling down close to 100k a year And paying 1750 seems like a stretch. I know that most people out there don't make any where close to that.
    Dont forget about another 1k in utilities and gas and wear and tear...its not that much cheaper in the ie when you add it all up.You can rent a house cheaper by the beach when you add up all the extras easily. But on a side note you can rent my pad in corona for 2k with pool.lol

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    If you think rent is expensive in the IE, try looking in the South Bay. Its 2X more.
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    Twin squirt guns. RiverRacerX's Avatar
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    $100 sq.ft is about average in the SFV.

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    Islander Trailer Trash#23 lalhc's Avatar
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    Quote Originally Posted by RiverRacerX View Post
    $100 sq.ft is about average in the SFV.
    I think you meant to say $1.00 per sq ft. That's about what I get for the properties I manage in La Verne.

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    How about Huntington Beach Sea Cliff on the greens $3500.00 a month for a 4 bd 3 baths.

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    Quote Originally Posted by DannyH View Post
    Holy Cow!

    I had a job oppurtunity come up through my current employer in So-Cal. I miss the weather a lot and have been considering taking the job. The best part of all is that the job is a substantial pay raise from what I make now and puts me right on the brink of 6 figures.

    I decided to start cruising craigslist and a few of the MLS sights. The house prices have come down substantially and I assumed the cost to rent a home would have come down substantially as well. Boy was I wrong. 1750 seems to be the going rate for an ok place in the IE. 2200+ if you want somewhere fairly nice.

    How in the heck are most people making it out there? Pulling down close to 100k a year And paying 1750 seems like a stretch. I know that most people out there don't make any where close to that.
    If your making 100k and renting your getting killed in taxes. 1750.00 looks like a lot of money because your 2 week paycheck net probably isn't much more than this. You need a write off so you can keep more of the money you make.
    Everytime I leave for the river I say to myself "there's no place on this planet I'd rather be going right now".

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    Will work for Boat pronstar's Avatar
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    What area are you gonna work at?

    In Belmont Shore, I pay $1750 for a large 2-bedroom with separate den, dining and living rooms, hardwood floors, 1-car garage, big patio, 5 houses from the beach.

    Rents are way down in many areas due to over-supply. I had to lower rents on my rental units in Yucca Valley and San Diego just to attract/keep people in them.

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    Quote Originally Posted by DannyH View Post
    Holy Cow!

    I had a job oppurtunity come up through my current employer in So-Cal. I miss the weather a lot and have been considering taking the job. The best part of all is that the job is a substantial pay raise from what I make now and puts me right on the brink of 6 figures.

    I decided to start cruising craigslist and a few of the MLS sights. The house prices have come down substantially and I assumed the cost to rent a home would have come down substantially as well. Boy was I wrong. 1750 seems to be the going rate for an ok place in the IE. 2200+ if you want somewhere fairly nice.

    How in the heck are most people making it out there? Pulling down close to 100k a year And paying 1750 seems like a stretch. I know that most people out there don't make any where close to that.
    Try Realtor.com and click on "Rent"
    http://www.realtor.com/

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    No Longer Recovering 454Rocket's Avatar
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    Quote Originally Posted by magic28 View Post
    If you think rent is expensive in the IE, try looking in the South Bay. Its 2X more.
    My neighbor had a hard time renting the house across from me in Torrance: 1000 sq.ft. 3bd 1ba at $1600 I think... I was debating to rent mine for $2000 and live in the Havi house

    What's the theory?... .75% of the home value... $3200... ya right.
    Last edited by 454Rocket; 01-20-2010 at 04:04 PM.

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    Quote Originally Posted by BK2DRVR View Post
    If your making 100k and renting your getting killed in taxes. 1750.00 looks like a lot of money because your 2 week paycheck net probably isn't much more than this. You need a write off so you can keep more of the money you make.
    So are you saying people who make less bring home more?

    If all goes well well sell our home in Denver after a year and buy a place. I'm still waiting for final details before making a decision. I don't know that the raise is going to justify the substantial increase to our cost of living. We've been looking at nice homes here in the best school district the state has to offer. 2800 sqft and 245,000.

    245,000 buys me a 3 bedroom shack in Chino.

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    Quote Originally Posted by DannyH View Post
    So are you saying people who make less bring home more?

    If all goes well well sell our home in Denver after a year and buy a place. I'm still waiting for final details before making a decision. I don't know that the raise is going to justify the substantial increase to our cost of living. We've been looking at nice homes here in the best school district the state has to offer. 2800 sqft and 245,000.

    245,000 buys me a 3 bedroom shack in Chino.

    I understand your delima. I'm sure you know that if you pay interest on a mortgage that you can claim more deductions and take home more money each month. This was all I was saying.

    Remember when we thought someone who made a 100k a year was rich?? It still is great pay and your in the 10% of the people in world that make that much money but in southern california it doesn't go as far as we would like. Good luck with the house hunting.
    Everytime I leave for the river I say to myself "there's no place on this planet I'd rather be going right now".

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