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Santa Monica Has Nation’s Highest Rent Prices, Report Says
KTLA ^ | Jan.6, 2017 | Erika Martin and Erin Meyers

Posted on 01/06/2017 6:10:06 PM PST by Innovative

Santa Monica topped notoriously expensive San Francisco and New York City to claim the highest rent prices in America according to a report from rental website Apartment Guide.

The coastal city led all other markets with average rent prices of $4,799 for a one-bedroom unit, with Venice not far behind at No. 5 with mean prices around $3,923. Both topped San Francisco, which came in at No. 6 with average rents of $3,880.

New York City took second place with mean rents at $4,563, followed by nearby Long Beach, New York, and Great Neck, New York, at Nos. 3 and 4, respectively.

(Excerpt) Read more at ktla.com ...


TOPICS: US: California
KEYWORDS: rentcontrol
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That's what rent control gets you.
1 posted on 01/06/2017 6:10:07 PM PST by Innovative
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To: Innovative

Why rent control?

Wouldn’t it just be supply and demand?


2 posted on 01/06/2017 6:28:09 PM PST by Mears
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To: Innovative

Long Beach?


3 posted on 01/06/2017 6:29:23 PM PST by Lisbon1940 (No full-term Governors (at the time of election!)
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To: Innovative

I can see why micro-houses are a trend out there. Good gravy.


4 posted on 01/06/2017 6:29:27 PM PST by Secret Agent Man ( Gone Galt; Not averse to Going Bronson.)
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To: Innovative

“Santa Monica topped notoriously expensive San Francisco”

And FYI, it also tops SF in the percentage of it’s population that is homosexual.


5 posted on 01/06/2017 6:37:26 PM PST by vette6387
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To: Innovative
That's what rent control gets you.

That's what rent control great weather gets you.
6 posted on 01/06/2017 6:38:55 PM PST by af_vet_1981 (The bus came by and I got on, That's when it all began.)
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To: Innovative

Pretty much the world’s most perfect climate.


7 posted on 01/06/2017 6:44:33 PM PST by BenLurkin (The above is not a statement of fact. It is either satire or opinion. Or both.)
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To: Innovative

You do NOT want to live in SaMo. There is no parking, the beaches are dirty, everyone is lib to a ridiculous caricature, they loooooove smelly, deranged, violent homeless people, and nothing there is of decent value. Everything is overpriced beyond belief.

The same weather can be had in the South Bay for much less, with normal people, and plenty of free parking (not talking about actual beach parking).


8 posted on 01/06/2017 6:49:25 PM PST by Yaelle
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To: Lisbon1940
Long Beach?

That was my reaction. Here's how I think of Long Beach:

But there are some nice areas.

9 posted on 01/06/2017 6:52:06 PM PST by TChad
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To: Lisbon1940

Santa Monica is a beach community directly west of Beverly Hills and Hollywood. Not very surprising that the prices for housing would be way up there.


10 posted on 01/06/2017 6:57:34 PM PST by Federal46
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To: Innovative

Wow. Rental crookery. I could own 3-4 homes paying nearly the same total amount of that rent.


11 posted on 01/06/2017 7:01:55 PM PST by tflabo (Truth or tyranny (agent Able Deplor))
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To: TChad

That’s Long Beach, Calif.. The article listed Long Beach, N.Y., which is even more of a hole.


12 posted on 01/06/2017 7:03:42 PM PST by Lisbon1940 (No full-term Governors (at the time of election!)
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To: Lisbon1940
The article listed Long Beach, N.Y.

You're right. Thanks.

13 posted on 01/06/2017 7:09:32 PM PST by TChad
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To: Innovative

What easier way to keep the riff raff out of the neighborhood. The same riff raff they claimed they will go to the mat for.


14 posted on 01/06/2017 7:11:42 PM PST by DAC21 (in)
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To: Secret Agent Man

Oddly, micro apartments and homes are not a big thing out here. Coincidentally I have been reading about this for the last 3 or 4 days. Micro housing is big on the east coast, Seattle and San Francisco [which is a long way from LA/Santa Monica].

Real estate has been going crazy in LA. I’m single but i bought and sold 3 homes in 6 years because the prices were going through the roof. Since I have retired, I’ve stopped.

In the past 4 to 5 years, building is crazy. Mostly apartments, then homes, and non-stop building business in downtown LA ... and the burst of restaurants! I’ve lived here my whole life, over 60 years, and I’never seen anything like it.


15 posted on 01/06/2017 7:13:00 PM PST by BunnySlippers (I Love Bull Markets!!!)
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To: tflabo

WHERE though? Location, location, location is true! I was born here and can’t think of a reason to leave!


16 posted on 01/06/2017 7:15:15 PM PST by BunnySlippers (I Love Bull Markets!!!)
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To: Innovative

I was in Santa Monica a few years ago and saw a place that was literally a single-car garage conversion they were asking $1.5 million for. It was at least two blocks from “the beach” and a total sh-thole.

And when the sun goes down, all you’d have is a fancy garage in [shudder] California.


17 posted on 01/06/2017 7:21:50 PM PST by IronJack
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To: Innovative

Better beach locations down the coast in Orange County, for less rent. (still high by national standards, but less than filthy Lost Angeles county such as Santa Monica, Venice etc.)

Seal Beach, Sunset Beach, Huntington Beach, Newport Beach, Laguna Beach, Dana Point and San Clemente.


18 posted on 01/06/2017 7:23:08 PM PST by truth_seeker
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To: Innovative

I shared a ride over the holidays with a girl who lives in San Francisco. She works in the same office complex where Uber is based.

She pays $3200 for a 500 square foot apartment. She says she tried a “roommate” sharing service. A 2br apartment with 3 strangers runs $8k a month...$2 grand each. She is thinking seriously about moving back to Florida.


19 posted on 01/06/2017 7:37:36 PM PST by SoFloFreeper (Isaiah 25:8)
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To: Innovative

Wow, back in the 1970’s I lived in Venice (one week), Santa Monica (about 9 months), and Hollywood (about 11 months). Thought the rent was high then but nothing like now!


20 posted on 01/06/2017 7:45:48 PM PST by Cedar
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