NOT LISTEDSANTA MONICA CONDO - SUNSET PARK2 BEDROOM / 2 BATH / 1400 SQ FTFOR LEASE --$4500 / MOS Quiet Unit in Great complex. Close to Pool and Spa this 2BR 1.75BA Condo has a large living room
Young Renters Say They Want To Own But
Here is an article that is spot on and is something I have been talking about for two years. Really all this talk about economic recovery if it doesn't filter to the young adults (actually if it doesn't filter down to all economic groups) is there really a recovery?
The American Dream for the 25 to 45 year old has become the American nightmare. If Mom and Dad can't help with the down, for most young adults to just meet expenses is difficult enough let alone raising the down to qualify for a Mortgage. According to my mortgage brokers, mortgage rates are back down close to 4% and although Santa Monica Real Estate as well as most of West L.A Real Estate is at a premium, the lower mortgage rate far surpasses the premium. Monthly payments will be much lower then if houses were discounted and you had a 6% mortgage.
There are ways to get a low down loan and if you are a renter paying 1500 or more you should contact me and lets see if we can get you a house close to those rental payments.
Enjoy the read
DBA "West Los Angeles Real Estate Group" ....