Should You Buy a House in Los Angeles Now?

All this Highland Park adorableness can be yours when you're ready to buy

All this Highland Park adorableness can be yours when you’re ready to buy

This is the million dollar question I get asked all the time by nervous buyers. I get it. It’s scary to plunk down the biggest check of your life. I’ve been there a few times and it doesn’t get any less nerve wracking even with time and experience.

While there are many who think you can time the market, the truth is that you really can’t. Sometimes you get lucky and ride the waves up and sometimes it seems like you buy as the waves stagnate.

The good news is that unlike Vegas, you Jane Homeowner generally always win. Even those who bought homes when our economy was in free fall, as long as they managed to hold onto their homes, made a killing when they sold anytime in the last 3 years.

That said, I believe this to only be true if you’re buying in a major metropolitan area like L.A., specifically, within 10-15 minutes of Downtown or the Westside. Sorry Montebello, Pacoima, Riverside County, the Central Valley, et al., but this doesn’t apply to you. There will always be demand to be close to major job and entertainment centers and L.A. isn’t creating more land or housing for that matter to keep up.

Yes, homes in L.A. are expensive. I totally get the irony of a $600k starter home, but have you seen prices in SF or NYC? L.A. is incredibly undervalued by comparison. Still, I’m not saying you should buy a house in L.A. Instead, I’m hoping to put your mind at ease. So to answer your question, the perfect time to buy a house in L.A. is when you’re ready to buy, abandon the uncertainty and limitations of a renter’s life and plant roots for yourself or your family. Curious about buying? Let me know.

Storybook Cottage in Magical Ivanhoe District

3277 Rowena Ave., Los Angeles, CA 90027

1936 Cottage: 3277 Rowena Ave., Los Angeles, CA 90027

1936 Cottage: 3277 Rowena Ave., Los Angeles, CA 90027

Debuting today is this magical 1936 Storybook Cottage in Los Feliz. Designed by famed architect Ben Sherwood, creator of the “Snow White Cottages” built for Disney animators and the likely inspiration for the cottages portrayed in the movie, this marvelous little abode is ready for a new guardian to transfix and inspire.

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Mint Mid-Century in Verdant Glendale Canyon

3020 E. Buckingham Rd., Glendale, CA 91206

Mid-Century: 3020 E. Buckingham Rd., Glendale, CA 91206

1954 Mid-Century: 3020 E. Buckingham Rd., Glendale, CA 91206

Sitting on a lush and verdant hillside is this mint 1954 Mid-Century in Glendale’s picturesque Chevy Chase Canyon. Designed by architect Douglas A. Brown, this time capsule has been beautifully preserved with nary a gaudy remodel in sight.

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