Buying a Los Angeles Home Remains 35% Less Expensive than Renting!

owning-cheaper-than-rentingIn the latest Rent vs. Buy Report from Trulia, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage throughout the 100 largest metro areas in the United States, including Los Angeles.

The updated numbers actually show that the range is from an average of 16% in Honolulu, Hawaii, all the way to 55% in Sarasota, Florida, and 35% Nationwide.  Ownership in Los Angeles is also around 35% cheaper than renting!

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Corey Chambers, REALTOR®
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Copyright © 2015 This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not necessarily associated with the home owner’s association, seller or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.com  Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.
*seller and Corey must agree on price and time of possession – details at HomeSoldForSure.com. Realty Source Inc  BRE#01889449

Clifton’s Cafeteria Re-Opens in Downtown Los Angeles Historic Core

Eighty years after Clifford Clinton revolutionized dining, Clifton’s is once again open in the Historic Core after a massive remodel at 648 S. Broadway. The Los Angeles Times brings a behind-the-scenes look a the re-opening. It comes at a time when Broadway is rapidly being gentrified one building at a time.

cliftons-reopen

Clifton’s Cafeteria has been an enjoyment of my family for more than 50 years.  I remember eating there as a child in the 1970’s.  The world’s largest cafeteria with a theme park style, similar to Knott’s Berry Farm Ghost Town, Log Ride/Calico Mine Ride style. The old building is a great example of the overall spirit of renovation, rebuilding and renewal of the Historic Core in Downtown Los Angeles as new residents and investors gain so much by revitalizing the old buildings with modern conveniences while keeping their original character and history.

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Today, the Cafeteria has expanded it’s bar and night club feel while keeping much of the original theme.  I hear the prices have gone up (perhaps the food quality did not come up to match) but it may be a small price to pay for keeping and enjoying this L.A. landmark for decades to come.

Historic Core lofts for sale and for lease can be found at www.HistoricCore.org

Find homes in Downtown Los Angeles:

LOFT & CONDO LISTINGS DOWNTOWN L.A.  [MAP]

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SEARCH LOFTS FOR SALE UNDER $400,000  |  $800,000,  |   $30,000,000
Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking

business-card-seller-rsi-6

Your Home Sold GUARANTEED or I’ll Buy It*

Corey Chambers, REALTOR®
(213) 880-9910
www.HomeSoldForSure.com

Copyright © 2015 This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not necessarily associated with the home owner’s association, seller or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.com  Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.
*seller and Corey must agree on price and time of possession – details at HomeSoldForSure.com. Realty Source Inc  BRE#01889449