Lease in Los Angeles - Here’s why many don’t live in Downtown anymore...
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- Опубликовано: 15 мар 2021
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I used to live there because of grad school. At the time, I was paying about $2600 after concession for a small 500 sqft unit on a newly built high rise. There were a lot of nurses and medical students in my building. Some people are willing to pay that extra high price to stay close to their work due to the busy schedule, even though we all admit it's overpriced and unsafe. People live in DTLA are mostly young professionals, freelancer, and USC students of USC. I remember this one time a very mentally sick homeless man sneaked many dead kittens into our gated parking lot. He placed these bleeding dead cats on people's parking spot. One happened to be right next to my car, when I saw it I screamed, it haunted me for days. I was scared and felt unsafe in the parking lot, especially at night. According to the staff of the building, this man basically scattered the dead kittens everywhere in the building, like even in the staircase room, some of them weren't found until days later and were rotten. This man was arrested many times for sneaking into our building. There are many creepy things in Downtown.
That's when you and a couple friends beat the shit out of the homeless guy so he never comes back the police aren't going to do anything unfortunately you have to handle it yourself
I know if you're a biologically born women kicking his ass might be a no go but you could always pay some people to handle it
It's something how you mentioned dead kittens because when I use to live in Pomona in a house, my mom used to find a dead cat in our front yard but we couldn't figure out who did it. Suspected a jealous neighbor but I was wondering why people would do such a thing. That's very strange to me.
Nobody wants to pay that amount for a BOX. Homeless outside, crime, drugs, etc
It's an ugly view as well. Who the hell wants to see drab downtown buildings 24/7?
The real issue with the homeless is millions of people who arent from the usa destroyed the economy in los Angeles..all of the money that was intended to solve the homeless crisis in America now goes to supporting the 9 children people have that come here from other countries...but we aren't allowed to talk about that
@@mcquackersmcduckers209 The USA needs to Deport them ASAP.
@@mcquackersmcduckers209
Big Facts
@@robertwilliam9558
That’s easy for you to say.
Your just being wishful, ignorant of the red tape and constitutional precedents.
Downtown looks like Gotham.
You're to generous-more like an apocalyptic dystopian catastrophe.
Nah, more like the walking dead
Smells worse !
Imagine a Batman logo in the skies at night 😁😁😁😁😁
I lived in DTLA on Spring street for four years, and even with the negatives, I loved living there!!! You are living in the center of a major city, so if you can't deal with that fact, stay where ever you live now!!
Out the front door don’t trip over their tents ⛺️
They could fill those units if they were asking 1,200-3,000 max.... those units are gonna keep dropping. Expensive ass fuck....
I wouldn't even pay $1200 to live there.
@@michellew2172 its crazy, im in another state, the cost of those units you can have a 2600sq foot home and still be under 2k.
@@cobblebottom8421 Although, I don't know where you live, I'm originally from Rockford, Illinois. Housing is cheap there too, but the weather is awful, it has lots of crime and is all hillbillies. It's the armpit of America. I'd rather live here any day. Location definitely matters.
Something isn't always better than nothing. Stuffing a building with discounted leases can negativity affect income stream for years. Not good for a developer with long term debt to service.
@@michellew2172 What about Champagne Ill.Or even Marion Illn.
Thanks for sharing brother 👋🙏
Love the consistency!!!!
New York rent is 2x this. To live in midtown Manhattan is 5k minimum. That’s what happens when you live in a big city.
NYC is another sh it hole. NO THANKS!
these prices are comical. 5k to live next to homeless pizz, traffic and boarded up businesses.
@Just they are like this in Atlanta but people can obviously afford it so who cares?
@@royharper2003 it's more about LA economics than anything else really.
I used to live DTLA because it was close to my job at the time. I actually hated living there and it got substantially worse as time went on. From the smell, to the trash, to the homeless. It really wasn't really worth it. I decided to break my lease last year and now own a 3 bed 2 bath condo for about $1850 per month. Good luck to all the people still living there.
Hey I live in DTLA . I’m looking to move as well. Would you mind sharing what area/region you were able to find condos priced like that ?
I used to live in CA. Its sad what the state of my childhood and young adulthood has become. Overcrowded, unlivable and expensive. More people are leaving it than are moving in. The once Golden State is no longer the future of America.
I moved here in the 80s fulfilling a lifetime dream. i'm from back east and i fell in love with the Cali you saw in TV and movies. It was really good for awhile but the dream now is a dystopian nightmare. I'm looking to get out.
Bye bye
Thank you.
So professional in your presentations. Keep doing what you are doing JG!
Ridiculous.
I Pay $800 For
1 Bedroom In
Highland Park
& Can Go To Dtla Anytime
Thanks Jorge for the information. Not sure who would pay those crazy prices for a dying city.
R.I.P. LA
Thank you for sharing your time and intellect. 👍
This video should be in trending😎👍🔥🔥🔥🔥🔥🔥🔥🔥🔥
Nobody is forcing anybody to live in downtown LA. It is a choice you make. If you cant afford it, live somewhere else.
Clearly you dont gotta have lots o cash to live in dtla.
Pay rent?! Pitch a tent.
Me and my wife was looking at places in DTLA, and some of them wanted $2200 for 511-530 sqft, ridiculous. We found a place in Korea Town. Its still pricey at $2k but it's brand new and it's almost 800 sqft.
At those prices I can see a 90% vacancy rate coming soon their way
Literally unaffordable
Thank you for this "feel good" video. Makes me feel good that I live in Phoenix and not L.A.
The feeling is mutual Mike I'm glad you don't live in LA
Bruv, $6,100 a month for rent is five months of Mortgage payments for me. No thanks! Good video.
That's ridiculous
You can get a nice tent on the sidewalk for a fraction of that
I don’t know why people are still so shocked by the homeless population in DTLA and Venice.
I am a native going on 40 years old, and the homeless have always occupied these areas in massive numbers. People with money decided to move in on top of homeless camps that’s were there before those buildings. Santa Monica is the only city new to homeless issues in greater LA.
@No name because out of sight out of mind but now these videos are all over youtube and people think it is new
They would have to pay me ,,,,,,about,,,,, $1800.00 a month to live there.
U have to consider the tax rate also. U'd bring home a lot less that 1800 after taxes are deducted.
Currently working as a carpenter on yet another apartment high rise on dtla on 7th and fig I believe. Crazy they keep adding more and more residential buildings with so many rooms empty as it is
JG I didn't hear you mention anything about the 66,000 estimated homeless and rising population living in the Downtown streets. I used to work across from Los Angeles City Mall across the street from the old LAPD Station. That mall used to be packed with customers, mostly government employees patronizing the shops and restaurants. I went back about a year ago and it was damn near empty at lunchtime. The homeless population that used to be located at 5th street called skid row has now expanded to consume all of downtown. After I retired I never went back and I'm sure that many would be residents or business people are thinking the same thing. It is ugly and downright dangerous as well.
Funny how a lot of the "influencers" that lived in Downtown LA have now left....mostly after the mostly peaceful protests....and they made RUclips videos showing them packing up and heading to Florida or Texas or wherever.
Great video
You need to make 75 to 100,000 dollars to live there ,good luck finding a job.
Landlords often give free rent before dropping prices and may negotiate. I don't know if that is happening here. For those not aware of what's happened in Downtown LA, there was a lack of restaurants and support facilities attractive to residential tenants until about 20 years ago. The opening of the Staples Center in late 1999 caused a sudden interest in living downtown and it was suddenly trendy. A flurry of apartments were built and converted from old office buildings. The demand cooled a bit, then the homeless started living in downtown by the hundreds and then the thousands. Nobody paying paying $3k to $6k a month for tiny apartments felt safe. I was downtown earlier this week and there are at least two hi-rise buildings under construction. Their developers must be shitting bricks. It is hard to imagine smart investors being interested in purchasing these apartment buildings (or office buildings), which could cause another round of foreclosures like we had in the mid-1980's. The subway service to downtown has been steadily improving, which has tenants moving better neighborhoods and taking the train to work. Thanks for the interesting video!
@BigPlan this is what happened in downtown Atlanta too. The developers would come in and build expensive housing and they would push out the homeless to another part of the city. If you can afford it it would probably be smart to buy property downtown if it is cheap and hold it for awhile because it will eventually come back.
@@royharper2003 I think you're right about investing in downtown, Roy, although even at bargain basement prices I'm quite sure anything would be way beyond my budget. There are no small buildings in downtown LA. I'm a retired real estate appraiser (did only apartment buildings) and Hollywood took a terrible dump back in the 1980's. It rebounded and prices zoomed, now it is infested with homeless although I haven't kept up with prices. Places like Hollywood, Downtown LA and Venice that are now infested with homeless will have their day again. They are iconic places known the world over. We have a mayoral election next year and I see the homeless problem as being the top issue. Mayor Garcetti and the L.A. City Council are weak people, unable to cope with the homeless problem in fear of offending the far left. I am "left" but I think many of us who are left but not far left realize that the next mayor is going to have to take a heavy hand in order to solve this problem, which is going to be unpopular with quite a few people but probably fine with the majority. The mayoral race is going to be very interesting...we'll see how far these weak-spined politicians will go with their promises in their race to win office. Thanks for your update on Atlanta.
Not worthy in LA 🤭.it’s a sad place!
This is not 109% facts. Although rent is high in la county, la county developers get federal grants to build these apartments in exchange for offering a certain percentage to affordable housing. And let me clarify, affordable is not the same as low income. affordable housing has a much higher income rate over 30k and up. I have an apartment likes this in the valley and I pay $800 while my neighbor pays 4K a month for the same apartment. The thing is, and what I always tell people who complain about the rent is that you have to want to do the legwork. You have to go into these places and ask if they have an affordable housing program and not be intimidated by the shiny look or the price you see. They aren’t going to advertise that you can get cheap rent they’d rather you pay full price even though the government has already provided the funding.
You have to get on waiting lists, there’s is some paperwork to fill out and frankly people are just too lazy to do it and I’m speaking on California natives. If you’re not from here and planning on moving here you should do the research before making the decision because the easiest way to get one of these is to inquire as they’re building them and keep following up.
For the same prices there asking I can get and apartment 3bed 3 bath nice kitchen and living room all for $2500 and a nice view.
I’ll move in when it’s 1200 or 1400 , when they fix the Homeless problems they can ask for over 2000 .
I used to pay 2600 dollars a month at the Met Lofts for an 800 sq ft loft in 2007, but only because it was convenient and we were doing all the building automation controls work for LA Live.
8th hope you pay 5k for a concrete tomb that’s not sound proof!!
Greed! Running People Out of California. They will not learn or stop. Next City...
Great report, thank you. Downtown LA is FINI.
fini?
Finished for a few years. It will Always just be marginal and relatively Sketchy.
Over supply during a economic down turn.
The rich people can only live and afford California nowadays😭😭💔
Los Angeles homeless problem has more to do with drug addiction and mental illness but nobody wants to speak the truth, the poor and unfortunate are just a small percentage.
I've been living here for 7 years now and it has only gotten worse with homelessness and crime. The homeless are becoming even more violent and unpredictable. When I first came here I wanted to help people out and try to create a strategy to house people. There are many cheap and effective ways to house these people but the city continues to waste our tax dollars on programs where the money disappears.
I'm looking to leave downtown after a homeless person nearly killed a friend that was visiting recently. I live in South Park which is considered the nicest area in downtown, quite far from skid row but nowhere is completely safe here. I pay $5k a month and I shouldn't need to deal with 3rd world conditions when I go downstairs.
That sounds terrible man
$6K a month for an apartment? I pay $1300 a month for a 2400 sq. ft. 5 year old modern home.
Good job 👍
It has to smell like human waste if you open your windows on a lower floor.
George's newer videos are more gritty. Taking a more dystopian pov is great.
I feel like the world turned into that movie ,Soylent Green, which, coincidently takes place in the year 2022. Predictive Programming? You be the judge.
I was thinking the exact same thing!
Additionally. No amount of money will make me want my front doorstep to be screaming homeless people, used needles, trash and feces/urine.
I work in downtown. You couldn't PAY ME to live there lol.
To qualify for a 3k apartment you need to make 3x the rent a month which is 9000 a month minimum
For that just buy a house 🏡
That is the rule of thumb for all apartments 3x whatever the rent is
Some people should not own a home. They don't know what to do with the responsibility. So they rent, even with high incomes.
@@paulk9985 “to each their own”
That shows how they work credit into the system to check people like slaves. America been killing free enterprise for years. Making rackets of industries. You pay to breath in Cali.
The biggest problem is the median home prices in LA is $700k, and $9k would allow you to qualify for slightly north of $600k. Typically the person moving into a luxury high-rise like the ones featured in this vlog are seeking a certain lifestyle, so anything comparable would be unaffordable.
@@abelsegarra5377 that shows how little you know. Why would anyone rent a $3000 a month apartment to someone who only makes $5000 a month or why would a bank give a mortgage top someone in the same situation?
Good video
Downtown Los Angeles “Betty Davis said it best, “What a Dump”.
The Apartments in THAILAND look much better and cost only $600 a month at
OMG, too expensive😮🙏
Purchase a mansion and acres out of state for that much money.
If they want to fill those apt They have to clean the street and no crime! USA can not do that because solo freedom is more important than community and society safety.
Period!!!
The bathroom looked so cheap and basic for that price.
At 7:07 I live there in those lofts 😅
Sheit! That's the price/month? Who would pay that to live in a drug and rat invested hell hole called LA? Some people must be out of their insane minds? And these prices are lower than before? Crazy!
Beat high rent and hotels in LA....just bring camping gear
One thing about business is you have to always have a scalability plan and don't knock progressive ideas and concepts to keep your business afloat. The whole Blockbuster and video stores being completely wiped out by Netflix and other streaming services was CLEAR evidence to prepare any entrepreneur to stay ready so that they don't have to get ready or loose out.
If you can afford that much money on a monthly rental you better buy some property at home and invest you just giving your money away
I think I'll pass.
Too crazy. Good luck.
Amazing site 👌
I know a woman who last year left her cheap rent apartment so that she could live closer to work downtown. She signed an expensive lease downtown and then COVID sent the entire company working remote. She's now paying high rent for no good reason anymore.
What's the sense of living downtown for lots of money when it's just a ghost town? There's absolutely no culture L.A., no live music in corner bars, etc. Just big sporting events and big concerts. How boring!!! That's why I moved to Europe, music, trains, for example, and things going on within each little neighborhood.
Man, one square mile of Paris has infinitely more cafes, bookstores, parks, and cool places than the best shitty American city.
There are many ways to describe LA but “lack of culture” is not one of them.
Thoses prices did not go down. They are the same price as five years ago.
@8:45 If anybody deserved to get robbed, its the tool that lost the $500,000 watch. Heck, do you even need a watch these days when everybody got a phone w/clock. At least this story ended well w/t vulgar one percenter coming up short.
Recall Newsom!!!
Looks soulless. I wouldn't live there for free LOL
Some mortgages are cheaper than this!
Super beautiful that apartment But I prefer to buy my house and pay for my 🏠
Will all end with the Big Quake.
Eat at home.
Hello Mary how are you? Your beautiful
Nice 👌 👌 apartments,😲...but, very expensive 🥴🤓☹
New Sub✌️
You couldn't pay me to live downtown L.A.
Perhaps a night at the Stay on Main Hotel formerly known as the Cecil Hotel will change your mind.
When comparing it to a better city such as New York these prices are completely unjustified and outlandish. The market will dictate and in the future these prices will be cut in half based on the way Los Angeles is going right now. Or maybe even less than that TBH.
@Robert Freisler It is better in every single way. Most importantly the people in New York are real people with integrity and genuine goals unlike many people on the West Coast and California in particular that are fake as hell and have atlerior motive‘s and are just kind to your face and then stab you in the back. I know I’ve lives on both coasts. New York is better, in fact it’s betterest. California is circling the proverbial toilet bowl and we know where it goes from here. New York is rebounding from the coronavirus and will be right back exactly where it was and less than a year. I will watch from a far as California plummets down the drain as it is already doing. Deservedly so at that. People with no heart no backbone and no integrity allow these things to happen. New Yorkers wouldn’t stand for what the Californians are.
insanity
Very nice apartments, but very expensive😎💲
May I recommend you check out the Stay on Main Hotel formerly known as the Cecil Hotel- very cheap.
its so sad now that we have more housing in downtown, nobody can afford it, especially locals
but like someone else said, you should check for the affordable housing programs, and yeah they really dont advertise that they do it
Nice apartments but the price is not worth it
A lot of them are built cheaply, but people are easily fooled into overpaying because by a hardwood floor was put in.
Yeah, the quality was not there.
@@pistolwhip8516 Not to mention the homeless camps and crime that saturates the area.
@@ElearningDigest I’ve lived in 2 DTLA “luxury”apartments and it’s true that they look beautiful but the materials are low grade and cheap. The floors look like hardwood but actually they are not. The floors are laminate plastic engineered to look like hardwood. Definitely overpriced!
Luxurious??? Really? Lame interior design and layout
Why Is Rent So High In LA?🤔 It’s Even Higher In New York.
I didn’t know about Newson keeping his winery open!
I have a beautiful apartment in Hollywood near Runyon Canyon. It's $2000 a month. But it's quiet, cute, safe, calm, dog friendly, lots of restaurants nearby. I love it here. I'm not leaving. LoL
How many bed rooms?
@@Cristianjl1615 1 bedroom. I have a private balcony and laundry in my unit. My building has 2 pools and 2 jacuzzi and a gym but sadly is not open at the moment.
Can i come live with you? :)
I've seen homeless shelters that look better than that!
Sad thing is the landlords are in a bind. They HAVE to price things this expensive to pay for their mortgage etc.
they can sell it and walk away. they will NOT get those rents i wil guarantee you that much
I dated a man who lived over Grand Central Market about 10 years ago. There were some homeless, but nowhere to the degree there are now. I'd keep my car parked in my apartment garage, and take the Metro train downtown to stay all weekend. Couldn't pay me to venture down there these days. Overpriced, and even more dangerous.
Those should be lease TO OWN apartments!!
Governor Newsom and Mayor Garcetti must be recalled from office for the good of the people of California. The state is in deep decline and in no small part due to their mismanagement, not to mention gross corruption.
@@namegoeshere5898 The government of LA is corrupt. Here is one of many examples.
www.latimes.com/california/story/2020-11-30/los-angeles-city-hall-corruption-raymond-chan
Trump may be awful, but so too are the governor of California and major of LA.
You give a tour, show floorplans and pricing, but didn't even bother to name the building. How are you going to forget that?
And notice you the street names are blurred.
400,000 is upper middle class.
No wonder we have so many homeless! It is only going to get worse!
@Jane these are obviously on the high end but more importantly your statement assumes that the majority of homeless have income???
@@royharper2003 a lot of homeless people in California have income from social security, low wage jobs.
Could you buy a decent house, in LA, of that size for amount of rent?
Nope, not at all... the average price for a home in my neighborhood is 1 million... its so crazy
i pay 3000$ for a 2 bedroom
wth!
Why?
@@angelabell8725 becuz i live in irvine
@@stiiizyjones14 You could buy a whole house for that.Besides why pay that for something you will never own?
@@angelabell8725 3k is actually not much for my area. im looking at a condo across the street but the mortgage is 4500$ a month for a 2bedroom. not sure if i can turn a profit trying to rent this out. something im noticing around irvine is all the new high rise condos have 900-1000$ monthly HOA. i think this is going to become the norm since no new single house being built.