Originally Posted by concealed
My firm is in the process of opening an office in LA, seriously considering applying for the same role that I do here... wouldn't particularly help my career, but the thrifting and being close to the beach................................................................
Am I nuts? How much is reasonable rent/price for a condo in West LA??
There are lots of reasons to make a move to LA, but I would say thrifting is not one of them. Depending on what city you currently live in, the difference in the cost of living is very unlikely to be made up with ebay sales. My wife and I are looking to buy, and I can tell you, the market is brutal. For $350k you could probably find a less than desirable condo that feels more like a first apartment, in a neighborhood with the occasional discarded mattress on the sidewalk. If you want something nice, in a neighborhood you enjoy stepping out into, maybe $600k+ (+$300-$600 a month in HOA fees). Rent is all over the place. If you have, or plan on having kids (my wife and I thankfully are both whole-heartedly against it) consider that most people here either send their kids to private schools (college tuition level money), pay premiums to live in a neighborhood with a good public/charter school, or commute an hour plus to live in an area that has both good schools, and is affordable. I only mention schools as it seems to be the major topic of conversation among anyone with children.
I love living in LA, and I recommend it if you live in a city that is boring and/or cold; but don't take the LA thrift hype into consideration when making a decision to move here.