@@mgtowski395 Really you need generational wealth to buy anywhere in S. CA. An hour wage isn't going to cut it. If you are a first time buyer without generational wealth it's just about impossible.
The perfect time to buy a home was before 2008… housing was forever changed after that. The second wave of extreme increased home unaffordability was after the pandemic.
Just because they bought a home doesn't mean they can afford to keep the home with higher taxes and insurance when prices go up. Buying doesn't make you safe from economic problems.
All gentrifying areas go through that phase where the newcomers go from point A to point B via car. Give it another decade though, places get walkable.
I don't get this fascination with LA, even the ghetto parts. Paying 800K to live in INGLEWOOD. People are out of their damn minds. Dangerous, bums everywhere, traffic...what a joke.
I agree. I lived there for years and will never move back. Everything is sprawling. The beach water is ice cold. Even expensive neighborhoods have terrible school districts. I don’t get it. So overrated.
if you decided to purchase an 800k home with 200k down, you would still owe 1.7 million dollars on a 30 year loan. Cash is the only way to buy a house these days
@@marcusavila2961and there is pressure from family to get married. No house = no wife or lower level wife. Life pressures makes people get a mortgage or car loan, and pay big interest.
"if" everybody had wings the size of 747 growing out of their back, everyone would be flying, right??!!, common sence in reality is not so common, your comment is a perfect example.....fyi , i own 7 houses, NOT paid in cash, FINANCED 30 YEARS
I'm an real estate investor, I will let you in a little secret. Inglewood is where the money is right now. It has been growing steadily past few years. The weather is super nice during the summer and it's near the Sofi Stadium. I'm heavily invested in Inglewood. Most people think Inglewood is a ghetto city due to all the rap songs and its history. Trust me, it's not like that anymore.
La is ghetto in general. Even the rich people act like hoodlums. And Inglewood has gangs that will never go away. The older guys run it like a mafia. I been to gang infested neighborhoods in inglewood that are actually nice and expensive.
Married couple each making 45 dollars and hour can afford a house in Inglewood. The KEY 🔑 is marriage which is how ALL other races are home 🏡 owners. Marriage is a business ❤
@@teatime635A business that fails over 50% of the first time . And women file 80% of the time . If your a man making anything decent income wise Absolutely NEVER get married.
@@Moracycle i was going to say the same for total WORK HOURS IN A YEAR (2,080). Some even multiple by 48 weeks in an year when there's 52 weeks in a year.
I grew up in Inglewood. Went to, Morningside High, back in 1992. Got the heck out there, and spent 20 years in the United States Air Force. Paying almost a million dollars to own a home there? No thanks!
@@KnowledgeLender no she didn’t nor was I asking only commenting on how ghetto she and that neighbor still is and had been since the 80s can’t even pronounce and use English properly. She doesn’t have to offer me 💩 for me to say id never move there.
in this case it help the values rise, you can rent your home during events, provides access to happenings close by. Might not be for you, but its definitely for someone and for those ppl they are winning. All these new stadiums come with work, live, play access.
Ever since 2008, the amount of house building was keep below 20% less than demand. It was done on purpose for hungary sell and keep the price high. Developer are not stupid. Instead fight against each other, they work with with each other to keep the price up and make more money.
I'm looking into a small Town near Las Vegas because it's cheaper with alot of land, just commute to and from Vegas since prices are so High.. and I am NOT a wealthy person
I can name 2 dozen more unaffordable cities than Inglehood.....and 100× safer as well. This video is just an advertisement for Mr Lowrey's real estate services.
Need to get better public transportation into these areas -- the K-line helps, but we need to get to a point where more people moving in does not have to mean exponential traffic increases. . .
Insurance or bills will increase, what if you got to sell, who will buy it? Medical emergency, that’s going to cost a lot. If you don’t pay your taxes, then the real homeowners will arrive
I wouldn't call them building permits. They're more like government extortion payments to build on your own private property. Housing wouldn't be so expensive if the government didn't extort from their own citizens.
As a single person a few years away from retirement, I owned a townhouse briefly when I was married back in the early 2000s. I had rented before then and again after having to sell in '05. There is nothing that's remotely affordable on my single salary. Not even if I moved so far away that I would need a helicopter to commute or visit friends. The commute would be grind . I used to commute from Garden Grove to Westwood and back when I owned. That drive was brutal. We couldn't afford any place else. I much prefer my commute now after having to sell it. I have to rent again and I'm ok with that. Housing out here is so cost prohibitive it's not funny. Unless you're making close to $200k after taxes, you can't buy anything unless you're in a two income household. Even when I did own a place, I felt home ownership was overrated.
A lot of boomers are relying on there equity for retirement. I sure hope you have an adequate retirement account. Owning is a long term investment. Ask any boomer who is retiring that purchased 30 years ago And then ask a boomer who has been renting the last 30 years . Who do you think is in a better situation financially? Also tax benefits to owning , a fixed payment when owning . Your rent will continue to go up .
how about get your income up or move out of LA? telling people to just buy just to buy is horrible advice...and of course its coming from a real estate agent
KCAL 9, ask the governor what he intends on doing to help Californians achieve the American Dream of home ownership in this expensive, soul crushing state! Making 100k is NO LONGER enough, especially for myself, a single black father of 2 kids, single income of 100k/yr. Even if I did utilize the "California Dreamers" program to help with a down payment I wouldn't qualify because I make 100k....and once i get the house I can't afford the monthly mortgage of $5-6k. My rent for a 2bd 2ba apartment in Fullerton is currently $2800, more than most covid refinanced mortgages. Those folks are paying around $2k/month and lower. So like I said, all these pro Democrat news outlets aren't talking about THE REAL issue. They aren't asking the governor to do ANYTHING. NO ACCOUNTABILITY!!!
That's why we shouldn't be making single parent homes, assuming it came from divorce. Our communities are making sk many bad decisions from a system that already baits us into doing mistakes but being in broken families makes it worse by alot. Not saying you could make it with a wife but your chances are better.
“No accountability “ ? Blaming a governor and you think he can wave is wand and poof you can be a homeowner ? Speaking of accountability Should you accept some “accountability “ for being a single father ? How about “accountability “ for only making a 100k with 2 kids in the highest col state ? “Accountability “ move to a cheaper location. Where is the mother ? Get child support.
Growing up in the late 80s I was given the impression that Inglewood was ghetto. I had gone to visit a friend's house in Hollywood who invited me to a party which happened to be in Inglewood. I called my parents to ask to extend my curfew and when they found out where I was they rushed down there to pick me up. I thought it was an overreaction at the time.
What are you talking about? I bought my first home back in the 2000 and people like you told me I was getting ripped off. Pull out money from one to buy another. Now I own two homes and apartments. Some people and their way of thinking will always keep them on the lower rung.
Inglewood,watts,compton,southcentral was always the hood growing up. Cant believe houses are selling for that much now. Guess renters should have bought when they had a chance 1990s early 2000s. Now theyre complaining that others with more money are buying them out. Gentrification wouldnt be like that if residents got out of the hood mentality and decided to purchase when they had the opportunity. I moved to Phoenix Az 2019 and the AZ residents keep complaining about people from out of state moving here and buying up all the homes but don't look at the fact that when the homes used to be $100,000 they kept renting for $450 a month and didnt attempt to buy a house. And you can say that being a homeowner isn't for everyone but being a renter for life makes you vulnerable to the housing market.
I brought a duplex for 499k in 2019 with 250k down for 2k a month at 4.375%. I rented both units out and collect 5700 a month in rents. I say this to brag that investment property is the way to go! 😅
If you’re making under 25 an hour. You’re definitely living with the cousin brother and sister.
Over $90/hr to live in Inglewood.
@@mgtowski395 Really you need generational wealth to buy anywhere in S. CA. An hour wage isn't going to cut it. If you are a first time buyer without generational wealth it's just about impossible.
@@kendallevans4079sounds about right
I'm at $30 and everyone around me earning the same still living with parents in socal. It's bad rn
@@kendallevans4079 Unfortunately, yes. For $175k (avg.), it's $91.15/hr.
When I was a kid Inglewood was considered “the hood”.
Can’t even afford home in Inglewood with 6 figure income Brahhhhh
*Still is.*
Still is
Inglewood... Inglewood always up to no good.
When I moved away 4 years ago it was the hood.
"Buy what you can afford." Me looking at a recently renovated cardboard box on the corner, for only $85K.
corner of what ? where ? 😂😂 not in L.A
If you're lucky...
Where???!! Near me a house with boarded up windows missing walls, no kitchen cabinets, etc is 380k
bruh, a shot up dilapidated 4 bdrm house is easily 1.8 milli.
1:42 “Jennifercation” is inevitable 😂
I was looking for this 😂😂😂😂
She also said "all nationalities". What she meant was ethnicities and races. Since we're American citizens, we're all American by nationality.
The perfect time to buy a home was before 2008… housing was forever changed after that. The second wave of extreme increased home unaffordability was after the pandemic.
All by design
The new American dream is living comfortable.
That was actually the original American Dream, I'm not sure when that got co-opted into "get filthy rich". I suspect it was the '80s.
The slogan American dream was first coined in 1932 by whites for whites 😂
The new American Dream is not being homeless.
If you don't buy it now, it'll only get worst. but who can afford 5k a month mortgage.
You can or could say that at ANY time in the history of S. CA!
Housing prices are set by demand of buyers, not the sellers. As long as people continue to pay high prices, the prices will stay high.
@BrRct Exactly
Inglewood is over reated. You be hearing all them air planes pass by.
🤣You just don't want people moving into your city.
Just because they bought a home doesn't mean they can afford to keep the home with higher taxes and insurance when prices go up. Buying doesn't make you safe from economic problems.
Tuoac says Inglewood is always up to no good.
Sippin on gin n juice 😊
@@madbug1965bro. 2pAc wasn’t in that. That was snoop and Dre. Jesus bro.
That was Dre that said that not Pac...
How did this get 65 likes??? 65 Dumb MF compared to the 3 people who noticed it was the wrong artist . That makes sense.
Inglewood is well known gang territory and very close to the airport which is noisy, no thank you...
they forgot to mention to NEVER walk around Inglewood at night ... or the daytime
Lol
All gentrifying areas go through that phase where the newcomers go from point A to point B via car. Give it another decade though, places get walkable.
So now even living in the ghetto is expensive?
Absolutely. The ghettos in CA are high-class to most people around the world.
@@krnpowr It's called HOOD RICH :) LOL
@@sebastianliu2009💯😂😂
More proof that this is an insane bubble
@@krnpowrobviously you are not well travelled
I don't get this fascination with LA, even the ghetto parts. Paying 800K to live in INGLEWOOD. People are out of their damn minds.
Dangerous, bums everywhere, traffic...what a joke.
I agree. I lived there for years and will never move back. Everything is sprawling. The beach water is ice cold. Even expensive neighborhoods have terrible school districts. I don’t get it. So overrated.
An $800,000 mortgage is crazy for a regular family 😅
I can afford a $350,000 home but I'll be living in the slums. Its just best to keep renting and not having kids.
No kids way cheaper 😅
Make 175k to live in the hood….
What must come up, must come down
Not going to happen....
I wish.. but but take me to a Time Machine to 1975 when hoises were dirt CHEAP
Yeah but it may be past our prime or youth for that to happen sadly...
if you decided to purchase an 800k home with 200k down, you would still owe 1.7 million dollars on a 30 year loan. Cash is the only way to buy a house these days
Not many have cash like that. Most don’t.
@@marcusavila2961and there is pressure from family to get married. No house = no wife or lower level wife. Life pressures makes people get a mortgage or car loan, and pay big interest.
You have USD 2 million to give away? I can be a homeowner if you happen to have spare change. 😂
Talking like you have all the cash upfront 😅
"if" everybody had wings the size of 747 growing out of their back, everyone would be flying, right??!!, common sence in reality is not so common, your comment is a perfect example.....fyi , i own 7 houses, NOT paid in cash, FINANCED 30 YEARS
So house prices went up because of a football stadium?!?! People are so ignorant
Weather is also cooler in Inglewood during summers🎉
But you gotta deal with the drive bys too!
OMG!! I just comment the same thing. Crazy nice during the summer. Even when it's 90 degree in the valley.
@@BestoftheBest-oz4ei Man, you just don't want people to move there.
I'm an real estate investor, I will let you in a little secret. Inglewood is where the money is right now. It has been growing steadily past few years. The weather is super nice during the summer and it's near the Sofi Stadium. I'm heavily invested in Inglewood. Most people think Inglewood is a ghetto city due to all the rap songs and its history. Trust me, it's not like that anymore.
La is ghetto in general. Even the rich people act like hoodlums. And Inglewood has gangs that will never go away. The older guys run it like a mafia. I been to gang infested neighborhoods in inglewood that are actually nice and expensive.
dual income needed in CA with some side gigs unless u rent the additional rooms
Smh as a Inglewood native this sucks always wanted to purchase out here now 28 and it’s seems like it would be impossible now
You’re more of a San Bernardino person
@@bobzacamano658 your more of a bottom off my shoe person
@@tp4827
Your mum likes me
😂 thanks for making have a good chukle
@@Mcsuply 🤣👍
Palmdale come back to me! Palmdale🎵
Pandemic was a the best time to buy! 3% interest rates! I refinanced during that time to get a 3.2%
The loan makes all the difference in the world.
Let's do some math. 40 hrs/per week, 160 hrs/month, 1920 hrs/yr. $175,000 (avg. needed for Inglewood)/1920 = $91.15/hr.
Math is a little off. it should be 2080 hours in a work year. So you gotta be making like $84 an hour to afford to own a house in inglewood.
@@Moracycle Most people making $175k are on salary. 175/12=91.15. 13 months if you count 52 weeks, but most don't get comp'd for the extra month.
Married couple each making 45 dollars and hour can afford a house in Inglewood. The KEY 🔑 is marriage which is how ALL other races are home 🏡 owners. Marriage is a business ❤
@@teatime635A business that fails over 50% of the first time .
And women file 80% of the time .
If your a man making anything decent income wise
Absolutely NEVER get married.
@@Moracycle i was going to say the same for total WORK HOURS IN A YEAR (2,080). Some even multiple by 48 weeks in an year when there's 52 weeks in a year.
I grew up in Inglewood. Went to, Morningside High, back in 1992. Got the heck out there, and spent 20 years in the United States Air Force. Paying almost a million dollars to own a home there? No thanks!
She said Jennifer cation so ghetto no thanks 😂😂😂
She didn’t offer you anything dirty Michael.
@@KnowledgeLender no she didn’t nor was I asking only commenting on how ghetto she and that neighbor still is and had been since the 80s can’t even pronounce and use English properly. She doesn’t have to offer me 💩 for me to say id never move there.
@@KnowledgeLendernobody asked you Jenifer-cation😂😂😂👀
Why would you buy a house next to a stadium?
Money in the home would increase.
in this case it help the values rise, you can rent your home during events, provides access to happenings close by. Might not be for you, but its definitely for someone and for those ppl they are winning. All these new stadiums come with work, live, play access.
@@02nupe Oh, ok. I'm a patient guy. I'll wait a few years and see what happens. This will be interesting.
Charge people $100 to use your driveway to park 😂🤣
If you're relatively young, love crowds, and love to party, it's the thing to do.
LA ran out of space. We need regular condos
Traffic jammed city
Which is fine if you work from home, which most highly-paid, white coller workers these days do anyways.
Breaking news: Inglewood realtor advises to compromise to buy in Inglewood no matter the size of the home 😂
Ever since 2008, the amount of house building was keep below 20% less than demand. It was done on purpose for hungary sell and keep the price high. Developer are not stupid. Instead fight against each other, they work with with each other to keep the price up and make more money.
I'm looking into a small Town near Las Vegas because it's cheaper with alot of land, just commute to and from Vegas since prices are so High.. and I am NOT a wealthy person
los angeles use to be cheap gasoline cheap cheap is alwayssss good for the poor and rich everyone benefits... now its a cesspit
I can name 2 dozen more unaffordable cities than Inglehood.....and 100× safer as well.
This video is just an advertisement for Mr Lowrey's real estate services.
The neighborhood doesn’t even look good?!?! Who would take out a huge mortgage to live there?!?! People need to calm down the the FOMO
“Genification” 😂😂😂
Need to get better public transportation into these areas -- the K-line helps, but we need to get to a point where more people moving in does not have to mean exponential traffic increases. . .
Dangerous to ride the train. And it smells like P
Stabbing a day on the metro....you'd have to be crazy to take public transportation
Who makes 175000 dollars a year ?
Jennifercation 🤔
More and More People , Supply and Demand, Finite amount of space equals diminishing quality of life and Obviously lower affordability.
We are entering the worse financial crisis we have ever seen.
800K ?
No issue here
I bought at 548k almost 5 years ago now my place is worth 900k😎
Insurance or bills will increase, what if you got to sell, who will buy it? Medical emergency, that’s going to cost a lot. If you don’t pay your taxes, then the real homeowners will arrive
See before the bubble bursts
Housing in Los angeles is more expensive than suburbs
Inglewood? Eeeeeccccchhh.
It’s sad and bad when you can’t even afford to buy a home in your home town lol
I wouldn't call them building permits. They're more like government extortion payments to build on your own private property. Housing wouldn't be so expensive if the government didn't extort from their own citizens.
Building the stadium is how they gentrify the area. It’s so easy for them to skyrocket the price
The best way to get money for a house is to start a non profit and exploit poor people.
BLM
St, judes?
You can become a church pastor and pay no taxes on a house as long as u live in the house . One pastor has a 40000 sq ft property pays 0 property tax
The bubble is going to pop. Inflation credit card debt taxes and isurance. Its coming nothing goes up forever.
I bought at 500k for 4bd 2ba in 2020 and now it's worth 789k....I'm always grateful to God I was able to buy
@@Manskilz my friend's grandma left her the house. Grams bought for 17k in 1971... it's now worth 900k ... we're in Los Angeles
That’s called getting lucky. Sell before the bubble bursts
@@rd24life tell us you know nothing about real estate without telling us🤣🤣🤣🤣🤣🤣🤣
Inglewood? Wow it use to be scary 15 yrs ago.
Change coming soon via Gilmore Homes - Gilmore Loans, LLC 🏠💰📚
They didn't purchase the house they're paying the banks mortgage
Sooner than later a lot of us will live inside or outside.
Bruh, Inglewooooood Brehhh!
We need new Stewards; these ones are wanting and unbalances, providing no value to the whole, unbelieveable
As a single person a few years away from retirement, I owned a townhouse briefly when I was married back in the early 2000s. I had rented before then and again after having to sell in '05. There is nothing that's remotely affordable on my single salary. Not even if I moved so far away that I would need a helicopter to commute or visit friends. The commute would be grind . I used to commute from Garden Grove to Westwood and back when I owned. That drive was brutal. We couldn't afford any place else. I much prefer my commute now after having to sell it. I have to rent again and I'm ok with that.
Housing out here is so cost prohibitive it's not funny. Unless you're making close to $200k after taxes, you can't buy anything unless you're in a two income household.
Even when I did own a place, I felt home ownership was overrated.
A lot of boomers are relying on there equity for retirement.
I sure hope you have an adequate retirement account.
Owning is a long term investment.
Ask any boomer who is retiring that purchased 30 years ago
And then ask a boomer who has been renting the last 30 years .
Who do you think is in a better situation financially?
Also tax benefits to owning , a fixed payment when owning .
Your rent will continue to go up .
Wow Cali homes are still going up in value. Austin homes are going down and inventory is going up.
Good for them 🎉
I gave up on my dream of ever owning anything.
Dr. Dre knods in approval
I’m moving up to LA but only have $300,000 for a house will I be homeless 😂
Why are you moving to LA? Go somewhere else like another state too crowded here already.
Move to Hemet.
There are houses in Kern County for 300K
You can't even get a condo for 300k
Bakersfield 😊
There's no land there just buildings and cement. I don't get the appeal
The NFL should expand to every city in the country. Imagine an NFL team visiting your Wichita Kansas "Tornadoes" or the Baton Rouge "Alligators".
Inglewood is still hood lmao
800k+ houses with many gang members in the region
Inglewood used to be so ghetto, glad its flourishing.
Inglewood is in the Ghetto
how about get your income up or move out of LA? telling people to just buy just to buy is horrible advice...and of course its coming from a real estate agent
They gentrified Englewood
I’m glad I purchased at 2.8 percent.
Feel better now?
2.6 beat ya
California housing is f-d
wouldn't live in Inglewood for free LOL
Challenge? Impossible
Still pretty ghetto out there. I definitely wouldn't want to live there
Minimum wage
Closing public schools 🧐
Sad. But it’s what’s going on now
Even pacoima is a million dollars per home
🤣🤣🤣 That's insane. Pacoima was the barrio when i was growing up.
Inglewood is 40 percent black middle class
Inglewood always up to no good!
Not worth it for all the break ins. California goodbye
LEzesty ramone shames owns a mansion in brentwood. what are we talkin bout here?🤔🤔
KCAL 9, ask the governor what he intends on doing to help Californians achieve the American Dream of home ownership in this expensive, soul crushing state!
Making 100k is NO LONGER enough, especially for myself, a single black father of 2 kids, single income of 100k/yr. Even if I did utilize the "California Dreamers" program to help with a down payment I wouldn't qualify because I make 100k....and once i get the house I can't afford the monthly mortgage of $5-6k.
My rent for a 2bd 2ba apartment in Fullerton is currently $2800, more than most covid refinanced mortgages.
Those folks are paying around $2k/month and lower.
So like I said, all these pro Democrat news outlets aren't talking about THE REAL issue. They aren't asking the governor to do ANYTHING.
NO ACCOUNTABILITY!!!
Facts
That's why we shouldn't be making single parent homes, assuming it came from divorce. Our communities are making sk many bad decisions from a system that already baits us into doing mistakes but being in broken families makes it worse by alot. Not saying you could make it with a wife but your chances are better.
“No accountability “ ?
Blaming a governor and you think he can wave is wand and poof you can be a homeowner ?
Speaking of accountability
Should you accept some “accountability “ for being a single father ?
How about “accountability “ for only making a 100k with 2 kids in the highest col state ?
“Accountability “
move to a cheaper location.
Where is the mother ?
Get child support.
Growing up in the late 80s I was given the impression that Inglewood was ghetto. I had gone to visit a friend's house in Hollywood who invited me to a party which happened to be in Inglewood. I called my parents to ask to extend my curfew and when they found out where I was they rushed down there to pick me up. I thought it was an overreaction at the time.
INGLEWOOD & EL SEGUNDO air is nice not too hot
Too bad crimes are still high there
Blackrock
Inglewood up to no good.
Buying a home is a scam and will ruin your life! No extra money for any vacation trips!
What are you talking about? I bought my first home back in the 2000 and people like you told me I was getting ripped off. Pull out money from one to buy another. Now I own two homes and apartments. Some people and their way of thinking will always keep them on the lower rung.
Y’all remember when Inglewood used to be the hood.
Inglewood😂😂😂
Hate to say it but take your money to vegas stretch it but I hate California's In las vegas 😂😂😂😂😂
AmeriKka is so Full of Sht with these ridiculous home prices!!
Inglewood,watts,compton,southcentral was always the hood growing up. Cant believe houses are selling for that much now. Guess renters should have bought when they had a chance 1990s early 2000s. Now theyre complaining that others with more money are buying them out. Gentrification wouldnt be like that if residents got out of the hood mentality and decided to purchase when they had the opportunity.
I moved to Phoenix Az 2019 and the AZ residents keep complaining about people from out of state moving here and buying up all the homes but don't look at the fact that when the homes used to be $100,000 they kept renting for $450 a month and didnt attempt to buy a house. And you can say that being a homeowner isn't for everyone but being a renter for life makes you vulnerable to the housing market.
Could you explain how being a renter makes you vulnerable to the market? Do you mean renting an apartment room? I'm open to learning something new
Hood mentality lol are you serious I hope you understand people cant just outright purchase there home just because they feel like it lol
I brought a duplex for 499k in 2019 with 250k down for 2k a month at 4.375%. I rented both units out and collect 5700 a month in rents. I say this to brag that investment property is the way to go! 😅
Until they don't pay their rent😅
@@successfulOn3 section 8 pays
Lol... the way she couldn't enunciate gentrification 😅😅😅😅😅just tacky
And ignorant.
@@jamesr1703ignit 😅
All this clip proves is that rates are still way too low!!!!