Quote:
Originally Posted by travanx
This is a real problem of DT. It's not the grit, its the paying a lot more to live in the grit. Shouldn't the prices be a bit more in line with other cities in LA County? The issues are not because someone wants an Irvine experience over Skid Row style living. But this is my take on some more reasons why people don't understand why there isn't some huge boom of building still going on down here.
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I don't think downtown's prices are out of line with any other prices in the LA area, especially for what you get (walkable neighborhood, nearby amenities, best transit access in the city, quality construction, beautiful buildings, etc.) In fact, my wife I were recently thinking of moving out of Downtown into Koreatown so we can save more $ and buy a place sooner, and I was surprised to see that Koreatown is not all that cheaper than DT. You might save $300/month or so, but the construction looks shoddy, the finishes are tired and outdated, and the neighborhood- while walkable, is still downright suburban compared to DT. Thinking now we might stay put.
That being said, LA in
general is an expensive place to live. For what we're paying for a 1-bedroom loft, we could have a 2-bedroom apartment with a bay window in a historic brick rowhouse back in DC. And it would be down the street from a metro station.