Los Angeles Real Estate Reality Check: What will $1.6 million buy?

Follow by Email
Facebook
Twitter
Instagram
It’s our final category for finding what our money can buy in Southern California. At $1.6 million, we’re probably talking a two person, professional household. And they’re not first time buyers. A mortgage in this category can hover around $6,000. But it’s an attainable price point if you buy and sell wisely and, of course, time the market right! Think You’re headed there? Here’s what we found. http://www.foxla.com/news/local-news/138485997-story

Comments from Youtube

Flash : With this price I can buy the whole city of Detroit.

Addicted2baseball rgd : You have 2 master bedrooms, because it takes to families to own it.

BikeStuff : 1.6mil, take that to Texas and buy a MASSIVE property

Taylor McLaurin : In Manhattan that can buy you a decent 1 bedroom apt downtown

Lucas Fernandez : those are worth 600k max

MRVIPERZXX : Third house gives you a wonderfull view of the smog covered city

Luke Sohnly : Wow California is soooooo expensive! A 1.6 million dollar home in Michigan is around 15-20000 sqft. I'm so shocked 😮

kajatan music : and then somebody builds in front of your house...

Jelly roll rider : For 1.6 mil it better have a button in the master bedroom that launches my house into space.

Champagne Is Good For Your Soul : My Los Angeles home cost my parents 500k back in 1994. Now Zillow values the home to be 3 mil😂😂. Housing in California is expensive as hell now

MexSoulChild : You really want to trip people out, show them what 1.6M will get them on the West Side or in Downtown

Fetti Magazine : Ridiculous prices!

Nathaniel Carreon : Nowdays, $1.6 million is not shocking in LA County.

Emanuel Geczi : Way toooooooo expensive you get a mansion for 1,6 Million Dollar

James Varela : The whole LA real estate market is a massive bubble. Prices have tripled since 2000 and per capita income county -wide is flat since then. I recall back in the thick of the financial crisis in 2009 large homes in Benedict Canyon were sinking under A Million. Ditto prime Beverly Hills Condos. The next crash will be akin to the Las Vegas Crash in 2009. See the video here on youtube DESERT UNDER WATER if you want to see what is coming up for LA.

trance212 : I would never live in LA. What a dump.

hp_overload : Ya but who tf wants to live in upland

B : With 1.6 million in Utah you can get a huge mansion with a real basketball court in the basment

IAMPEDRO 101 : And I'm over here living in the apartments

Moe Moe : no section 8 here people

joeguy1092 : San Diego is just as bad

Eric C : Wow the view from the last home overlooking the city is amazing.

Seth : Want more space? Move out of Cali.

evolver : $1M+ to live in Upland?! What are you thinking?

Bunchy Carter : In Desoto, Tx just outside of Dallas, 1.5 mill gets u a 5 bed 7 bath estate. 9000 sqft. On 16 acres.

Paolo Inigo : California is expensive as hell but the best weather on earth so you’re paying for the weather

MRVIPERZXX : So that second house when you come home drunk you fall straight down the stairs

JUAN TAMAYO : I live in southern cali..it's simple location location location

Bruno : This can buy a small apartment in the silicon valley

RK831 : As a single with no dependents, for $1.6 million I would rather buy a one-bedroom beachfront condo.

Bryan Robinson Van Devender : Where I live $1.6million will get you 1000+ acres, 500ft waterfront/lake, 8000 sq ft home, 3200 sq ft guest house, 1500 sq ft boat house. Good luck CA.

albert odillon : I like American houses than European ones

Andrew Maxwell : If you think this is overpriced, go to the Bay Area and check the prices in Marin and in Silicon Valley!

Unstoppable : Prices in Canada are pretty shocking too. Especially in the GTA

SixFingersSaidToTheFace Pow : In the Bay that'll get you a 2 bedroom😂

Shaba Laba Ding Dong : That’s ridiculous! You could literally get a mansion for that price in other states.

Lap TV : Why? Actually why? LA is such a dump. How can real estate companies trick people into paying that for ok houses in a gross city.

Mikis Mays : Forget all of that 1.6 million in Memphis will get you 7k sq.feet

Lash : *i can buy a 7000 sq feet mansion in upstate New York for 1mill let alone 1.6mill*

THE BEARDED TEXAN : Lfmao in Texas that worth 300k tops so 1.6 will get you a mega mansion and at least. 15 acres of land with possible water well . This is why ill never leave Texas

Buttery Skater : A mansion in L.A is minimum 10 million.

Mark Brown : suicide balcony.... what are those?

Dirty Blond : My 156 acres and a 3,000sqft home in texas is about 500k... Couldnt give those houses to me with neighbors 5 feet away...

Frederic Lin : in beijing you only can buy an apartment with 3bedroom and one toilet. With no view and only belong to you for 70years with this price

ExtrovertedCenobite : Upland? - If you pay more than $400,000 to live in Upland, then you are overpaying. Don't be impressed by the size of the home or the interior bells and whistles, drive around the city and ask yourself, 'Do I want to live in this dump'? - There are many more dumps just like Upland so be careful and always ask yourself, the question above.

Norman Olsen : WOW!!! that's what dreams are made of

EmilioLV126 : Ist home 400K in Las Vegas, NV

Alex GTZ : With 400k u can get that in the Carolinas

MrLol07 : Lol, I'm Texas all you need is 200k to buy an amazing property