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kleinbl00  ·  3439 days ago  ·  link  ·    ·  parent  ·  post: NY Times calculator: better to rent or buy a house?

WOW. That house. Yeah, I feel you, dawg. Stupid thing is somebody pocketed a million dollars living there for two years. That's irrational exuberance if ever there was any...

Our building is a hive. It was probably one of the last pieces of decent architecture in Southern California but that was like '77. The hallways are something out of The Shining and the balconies are all falling over because the official state flower of California is dry rot. And again: 550 units x $495/mo = $270k for maintenance and where the hell does it go? Landscaping I guess. By the way, the numbers? X(n1)(n2)(n3)(n4), X being the building designator, (n1) being the floor, (n2)(n3)(n4) being unique. There's only one 3124, despite 12 buildings, but that building has a 3124, a 2124 and a 1124. I think they do it for the mailman.

Badged for "Palos Verdes adjacent."

By the way - your neighborhood is never going to be cheap ever again.