How Much Do You Need to Make to Afford a Home in Los Angeles? Or, as We Like to Call It, "The California Dream Lottery"
So, you want to live the California dream, huh? Palm trees, sunshine, and endless traffic jams, right? Well, before you start packing your bags and dreaming of Hollywood stardom, let's talk about the real star of the show: housing prices.
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| How Much Do You Need To Make To Afford A Home In Los Angeles |
Los Angeles: Where Even Birds Need a Mortgage
Los Angeles is basically the real estate equivalent of a black hole. It sucks in your money faster than a Kardashian can suck in a smoothie. But hey, who needs food when you can have a view of the Hollywood sign, right?
Tip: Note one practical point from this post.
The short answer to the question "how much do you need to make to afford a home in LA?" is: a lot. Like, a whole lot. We're talking about numbers that would make your jaw drop and your savings account cry. But let's break it down because, well, someone's gotta do the math.
Tip: Don’t skip the details — they matter.
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The Numbers Don't Lie (But They're Depressing)
According to recent studies, you'd probably need a salary somewhere in the six-figure range to comfortably afford a median-priced home in LA. Yes, you read that right. Six figures. And that's just for the median priced home. If you're dreaming of a mansion with a pool and a tennis court, well, let's just say you might need to sell a kidney or two.
Tip: Be mindful — one idea at a time.
But don't despair, aspiring homeowners! There's always hope. Maybe you can win the lottery, inherit a trust fund, or discover a gold mine in your backyard. Or, you know, you could try sharing a tiny apartment with five roommates and eating ramen noodles for every meal. The choice is yours!
QuickTip: Don’t just consume — reflect.
Tips for Surviving the LA Housing Market
- Lower Your Expectations: Maybe a one-bedroom apartment with shared bathroom isn't so bad after all.
- Become a Professional Roommate: Rent out your couch, your closet, and even that weird corner space you never use.
- Learn to Love Public Transportation: Or better yet, get a bike and embrace your inner cyclist.
- Consider a Career Change: Maybe becoming a stunt double or a personal trainer will pay off.
- Move to a Different State: Just kidding. Don't do that.
How to...
- How to survive on ramen noodles: Add variety with different flavor packets!
- How to find the cheapest apartment in LA: Check under bridges and in abandoned warehouses.
- How to make friends with rich people: Pretend to be a psychic or a life coach.
- How to deal with the constant disappointment of the housing market: Therapy, lots of therapy.
- How to dream big without going broke: Practice meditation and visualization.
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