As an LA native, the rental and housing market has been rough on us. I was born and raised here, my whole family is here, I don’t even want to consider leaving 😭
@@joevarga5982 what does your comment have to do with the comment you replied to? Maybe start there, then you might realize he's trying to tell you that not only democratic cities have this issue
This video is super informative, but I want to remind anyone reading this that what's for you is for you, regardless of the market or what anyone else is doing. If moving to LA is your dream, the right spot for you is going to reveal itself in the right timing.
I LoVe this, thank you for this-it has always been my dream to live in LA somehow I ended up in NY for 15 years and I'm dying to get out and get to LA and if I don't like it at least I can say I experience my dream city :)
If there is a will -there is a way. I just moved to Orange County in 2021 into a roommate situation. Majority of single people here do live with roommates so it’s the best way to start even if it will be only for 6 months-1year. You can build up to renting on your own-you will need a credit of 650+ Low debt to income ratio and 60 k take home pay, if your income is lower you may qualify for low income housing apartment but that will take months to get into.
Honestly this is happening Pretty much everywhere. Housing costs have Sky rocketed, nothing is available, everything that opens up gets snatched up so fast. It’s crazy. There is no housing, everyone is hiring, and still a ton of homeless in all major cities!
Ya really glad Trump is out of office phew the lowest unemployment in 50 years and best economy was realllly a drag...and his tweets, yuck!! haha ya I'm not sure why people are surprised, that's what happens when you roll back everything that was working before 🤣 this was all in an upswing coming out of the pandemic, and getting back to normal until literally this January. Now everyone is hiring but no one wants to work, prices are up every damn time I grocery shop, rent is up 25% here in Phoenix, and we are letting in 10s of thousands of illegal immigrants at our southern border, it's's great, I love this year. Not.
When our president who has zero authority to do this btw tells people who own their own property that they are not allowed to evict people this is what happens. Prices skyrocket because landlords are out BIG bucks because everyone decided not to pay rent. They dont have units available because they CANT EVICT PEOPLE, and they accept new people right away hoping to make up some of the money they lost this past year. I'm not sure why everyone is "confused" as to why things are this way....Just like at both of my jobs we have been hiring for over a year now and cant find A SINGLE PERSON who wants to work, not because they make more on unemployment but because they dont have to pay rent, electric, credit card companies are being more lenient etc because of shitty government policies and they can make enough on unemployment to by beer and weed so they dont wanna work. Everything was getting back to normal until January. And now with this border crisis oh gosh and now companies are requiring the vax to work...its only gonna get worse yall!!
You have to move where they are actually building units at such a rapid clip in the most in demand areas of the city that I'm thinking they will overbuild causing another crash like the housing bubble in 2005-2006. However, all new buildings keep proving me wrong. That said, you can get great new luxury units in the best possible spot of this city for even at the now elevated rates is still a fraction of LA, SanFran, or NYC or even Chicago.
I can't wait for your New York move. I am living my life vicariously through you. You have inspired me to do the same and in 2022, I have decided to live like this for a month in different cities in India. Lots of love Shelby
*We love Shelby and all her videos so much! We’ve been watching for the longest time now and she’s inspired us to make our own channel. Even though we only have a couple thousands subs we hope we can one day entertain others on the scale she does. We’d really appreciate any feedback on our latest videos! We hope whoever reads this stays happy and healthy!❤*
People do not realize how expensive it is in L.A. A couple of days ago, I went to IHOP and ordered bacon, eggs, pancakes and a soda, $18.21 plus tip. The higher the prices, the more the sales tax. $5.00 gas. Rent is just the beginning. I'm out after Thanksgiving.
I can assure you it’s not hard to move to LA right now. Everyone thinks they can move to LA and live in WeHo, Venice, or Santa Monica and became an influencer. Yes those areas are in high demand but we have literally 100s of neighborhoods.
@ItsStillRealToMe DamnIt what are you talking about. who said you have to live in the valley. (the valley is awesome btw for anyone reading only idiot transplants have a problem with it.. )
I lived in LA for awhile. What it's missing is a sense of community, it really feels like everyone is out for themselves there. Great place to visit but not ideal for planting roots imo.
This is exactly how I feel! I've been living in LA for a little over 2 years and I've realized the only thing keeping me here is my career. I miss having that sense of community.
There are places with sense of community. Mar Vista and (the palms area south of national Blvd, north of palms rd, east of 405). These areas don't even have weekly street cleaning and 2hr parking. One can park there forever.
Pick the neighborhood where you want to live and drive/walk around. I've found both of my apartments that way. You'd be surprised how many great buildings have zero internet presence.
@@mailabourisk7242 I toured a STUNNING building on Edgemont in Los Feliz with gorgeous landscaping and great location. It was an older complex but had so much charm and units at great prices. They don’t post online so you’d never know they had openings. That’s more common in LA than people would think.
Other popular cities to live (not just in CA) also have a huge inventory problem. It definitely isn't just an LA issue. I live in the suburbs in another state and there's a big inventory problem here too. They just can't build fast enough to keep up and can't find construction workers, shortage of building supplies, etc.
I’m in Phoenix and it’s the highest rate of inflation in the country. Gas is almost $5 a gallon, SQ FT for a apartment is around $1.50 now which is absurd! Wages staying the same for people with a career, if you work fast food there’s no way you should be getting paid almost what people with skills get paid.
As someone who just signed a lease on a beautiful 1 bedroom apartment in LA after weeks of searching through dozens of poorly marketed listings with poorly taken photos, I found this video incredibly accurate and relatable!
I cannot for the life of me understand why anyone, would shell out $4600 a month on a 1 bedroom apt. It actually is very sad anyone would allow themselves to be treated that way. I don't care what the rental market allows its still very sad.
My husband and I moved out of California over two years ago. We’re native Californians the title of your video is exactly true minus 2021. LA is so expensive if you move there you must have a good savings be prepared to pay high everything!!! Gas,food, rent, taxes! Traffic is horrible. Stress is big there no joke!
Native Californian here as well. We moved out of LA in Aug 2020, everything was closed in LA and we were paying so much in rent and just trying to survive day to day. I don’t miss that “you gotta make it and work until you die” LA mentality.
Shelby it's not just LA. It's all of Southern California. I've been dealing with this for the last year and a half. I have a family of 4 and it's even harder to find places. The calls you made I've made 100 times more calls that went the same way. They shouldn't even be allowed to post available units if they don't have anything available. Really I think the market is just being manipulated.
I know that most Americans get "attached to their hometowns", but I have met many people who have moved out expensive cities out of sheer necessity. I have lived in all 4 time zones in the contiguous U.S., and each time I moved, I did so out of necessity.
We moved October 1st and found a beautiful modern apartment on padmapper a few streets back from the beach. 2 bedroom, 2 bathroom, massive kitchen with island and beautiful balcony with air con, in Venice / Santa Monica area for 5,500 a month. I found the listing late at night and we were the first the view it in the morning. We raced home to apply and luckily got the place. Apparently a couple after us wanted it too but they were too late. So if you see a place you like try and get the earliest time possible to view it! And refresh the apps 20 times a day.
I moved to LA in January 2000. I lived in N Hollywood just off Magnolia Blvd, in a 3 bedroom - 2 bathroom apt paying $950. Now it’s $2100 in 2021. My last apartment I had, a 1.5 bedroom w 1 bathroom in Valley Village I was paying $1100. When I moved out they jacked the rent up to 1800. Part of the problem is a huge influx of foreign money buying properties and renting at a much higher rate.
Loved this video! Same thing is happening in San Diego. I have several people looking to move right now and everything is crazy expensive and extremely limited…
Seriously? She's been a RE agent less than a year. She's NOT drowning in real world experience. She acts as if this phenomenon is "new"; it's NOT! I went thru the exact same thing about 22 years ago in Seattle.....a scarcity of rental inventory that resulted in rising rents, competitive tenancy, bigger down deposits, etc. Last year it was the OPPOSITE: rental concessions, landlords "begging" during the start of #covid.
@@tommynikon2283 She's not an agent, but sometimes her and her sister say things that make me scratch my head I don't think they get out a lot and hang with people that make less than 100K per year, but also the issue right now is our eviction moratorium just ended and people are still squatting that explains. the apartment, housing this videos' not actually wrong we have a huge issue with building more properties.
It’s happening also in Miami, and Ft. lauderdale Florida. I’ve been living here my whole life and the rental market is crazy, I’ve never seen that before here.
I live in Miami, and the one "upside" to the new housing shortage and higher cost of living, is that it keeps millions of "English-illiterate people" from moving here. Given the ongoing crisis at the border, and the 60,000-person caravan that's headed to the U.S. right now, Miami can remain expensive for as long as Biden is in office for all I care.
The current LA market reminds me of how SF was before covid. You had to be ready to put down a deposit immediately or else it would get snatched! Or you’d go to a showing and there was 20 other interested people! Things have chilled out here because of the pandemic but it was awful before.
On the other hand, L.A.'s unaffordability has pushed a number of businesses out of the state, thereby creating numerous opportunities for Americans in other parts of the country. Many L.A.-based businesses have moved to Arizona, Texas, Tennessee, and Florida. The L.A. residents who "relocate with the company", often enjoy a lower cost of living in the new place where they live.
Lived in Glendale 2bed 2bath 900 square foot renovated apartment but you could tell it was older, paid $2400. I moved to Austin Texas bought a house pay $2K for a 1800 Sq foot home, huge backyard. The value of the home has gone up $100K. I love LA so much but it took the pandemic for me to realize being so far away from family and paying so much it rent is not worth it.
i’m from la, but being a minor, my parents forced me to move to atx lol. i really don’t like it here much. i miss my home, and i wanna go back when i turn 18. it kind of bothers me seeing people from here moving to la:/ ig jealously ykkk
I don’t think many of these problems are unique to LA! We’re seeing the same exact trends in Philly (even though it’s a lower COL and not a trendy city). There’s probably some deeper story about inflation in the housing by market that wages haven’t caught up to. I’m interested in these trends too - super interesting!
@@Desert_Dreamin024 This is happening in every major city now, not just yours. No, Trump never put forth any policies like the ones Biden has, so no. If you want to talk about specific Trump policies that hurt millions of people go for it, I'm listening.
@@MrsMuffin11 I'm curious. Exactly what do you think Biden did to cause housing shortage? Regulations on housing construction have been a thing for decades.
@@paulocesarferraro5722 1. Telling landlords and property owners that they are unable to evict people who refuse to pay rent. 2. California and NYC have some of the worst housing issues because they fix the amount of money you can charge for rent.
@@paulocesarferraro5722 this is why big government sucks. They are to blame for all of these issues listed in this video. Only need to watch the first couple minutes.ua-cam.com/video/jyt5WSBLWyc/v-deo.html
This video has some really great tips. I moved from DC to Albuquerque during the pandemic to have a lower cost of living and we found a really great place, but we have lived here less than a year and have had 3 landlords. The most recent landlords are letting us finish out our lease but we have to move out soon. Apartment hunting has been a nightmare there are no units available and the prices are just about the same as DC. I will definitely start driving around and calling for rent signs!
This is how it has always been in NYC. You have to show up with all of your paperwork and Cheques written and you might only view 2-3 spots in an afternoon. I got a pandemic pricing apartment at the tail end but NYC pricing has since gone back up (unit above me rented last month for 25% more than what I’m paying)
very helpful, thanks Shelby! Love your videos! I used to rent so many different place in LA, even in DTLA, and that was back from 2013-2020. Then I bought a house in LA.The real estate market is HOT
Loved the video Shelby! Also want to mention though, there isn't many vacancies because tenants are protected from eviction because of Covid-19 which is important and so LA is conducting rent-relief under Housing is Key.
Live in Miami in a 50-story rental building in Brickell (financial district) and the building always had about 50 out of 400 units available until last year. Now the building has been at capacity since January fueled by transplants from NY, Maryland, Massachusetts, Virginia, New Jersey, and California... you can tell by the car plates in the garage. The bad thing is our lease went up 15% year over year! Hopefully these people go back to their states once we all return to the office so rentals at least stop increasing substantially next year.
“Hopefully these people go back to their states” lol and if they don’t? People are relocating now that they can work remote permanently. get used to it..
@@NickyNicest Most companies are requiring employees to go back to the office, but companies that are letting WFH permanently, they will certainly revise the employees' salaries if the cost of living in the new location is cheaper....just look at what Google, Microsoft, Facebook, etc are doing. So, if these transplants stay in Miami, they will get a pay cut.
@@peterwelby absolutely lol they dealt with a way worse financial situation here in California so now they can have a better life but a lot of people hate on it🤣 i just don’t think the people who are scared of guns and want them banned should move from California
As beautiful as Southern California once was, and in a few places still is, unless you're rich you're basically hemorrhaging money. I lived in Newport Beach for 8 years and it was paradise. But the 10s of thousands of dollars I paid in rent is gone forever. I paid $1100 a month for a studio there, but here in Texas my mortgage is $1200 hundred a month for a 4 bedroom stand alone home in a virtually crimefree neighborhood. I would never give back those years in Newport, but I wish I had that money back lol. Gr8 vid, Shelby. 🌺❤️
May I ask what community you live in Texas. I live in San Diego, and looking around in Texas currently, but not too familiar with low crime areas. Thank you in advance!
@@Oh_You_Know_ I'm in El Paso. Even though it's one of the safest cities in America it's not for everyone. It's a desert town with a picturesque mountain range. It's growing super fast. I'm just guessing but in 10 years it could have a population of close to a million.
$1100 for a studio?? Thats an insane steal. How long ago was this? You won't even be able to rent a bedroom in a shared house for that price in Newport.
I moved to LA in April and I’m glad I did then vs now. I lucked up on such a great deal for a 5 bedroom 4 bathroom townhouse that I’m still shocked I got for the price I did
It's the new normal. Like what was mentioned in this video, inventory is simply not available. The newest phenomenon is that shell companies are buying up all of the inventory, then renting it out. But here's the thing: I don't get why people are willing to pay these exorbitant prices when you don't have to. With COVID-19 and everyone working from home, there's no need to live in LA or NYC or San Francisco or London. If you program for a living like I do, as long as the internet connection is strong, you can live there. Where I work, there are people living all over the world, including central and south America and even Russia and India! These were people that lived near NYC, but after the pandemic decided to move to where they really want to live. More people need to realize that you don't have to pay $5K a month for an apartment just because you're making six figures.
@MACABRE L.A. I think in this case, we know what the goal was before COVID-19: be as close to your job as possible. Easier commute to work, access to night life and socializing, access to all of the things a big city has to offer. But with the pandemic, that's all changed.. I think many people are still programmed to look for big city living and are just not processing the fact that they don't have to. My wife and I happen to live in an expensive state, but 1. we make very good money (each one of us makes over 6 figures) and 2. she's a few years away from getting her full pension (which is really good), so we don't want to leave until she has her full pension. But for the many people that can do their job remotely, I think it's nuts to want to live in some of these super expensive cities. You can live like a king in, for example, Panama City, Panama for a fraction of the cost of living in NYC.
The same thing is happening in Orange County (which makes sense since it’s so close). I found out I had to move with little notice and was shocked to see that small one bedrooms were renting for more than my two bedroom with in unit washer/dryer in a good neighborhood a year ago! I had to lower my standards a ton and still ended up having to get a place more expensive than I planned. The leasing agents I talked to said that apartments were being taken after only a couples hours listed and sometimes completely sight unseen. 😱
Yeah this is how I got stuck in my old apartment for years and years because it was always going to be a hard pill to swallow to pay more rent for basically less.
I recently moved to San Diego. I was struggling to find something affordable that’s a decent size and location. By chance something popped up that was a steal for the price and location and I immediately rented without waiting Bc I knew it will be snatched up. Recently looked around out of curiosity and nothing even comes close to the price, amenities and location than what I found. It was honestly luck and good timing. So my advice is if you even somewhat like the place, don’t wait. Jump on it now or it will be gone tomorrow. People are renting without even viewing the place. This applies for pretty much everywhere rn but especially SoCal.
I feel like there are definitely some fair priced apartments in LA available right now. The issue you’re referring to seems more like for more fancy buildings with amenities etc. It’s definitely interesting that they’re completely booked, I’ve never seen that before, but there are nice simpler apartments all over LA 🙂
Yep. Also if you’re searching on the internet a ton of people are seeing the same listings because that’s how the internet works. There are plenty of apartments in LA. Now real estate is a complete dumpster fire lol.
I was going to comment the same thing- I was able to lock in a cute studio in K town/melrose hill for 1400 a month, it was the first place I applied at. I think the older buildings have way more character and give you a greater sense of community, but I’ve always been drawn to a less polished life as a musician haha. I think people will always see the negative in things if that’s what you’re looking for.
wow I'm so glad you posted this. I legit had to move back home- bc I couldn't find an apartment the requirements were ridiculous and though I moved out there with what I thought was enough- It really quickly was spent- I had to come back home. It was super stressful and honestly kinda heartbreaking. Also no wonder I felt everything was so much more pricey than even NYC. Low supply usually drives up prices.
I spent 1 month in hotels looking for apartments, that was over 4 k, then I just found a roommate situation and now building my credit up and paying off debts to be able to rent on my own. You can do it but you need to lower your expectations and adopt for a while. Renting by yourself is extremely expensive.
Left the LA area over 25 years ago, no regrets! Sure, get rid of the traffic and it may be a different thing. Has amazing weather and you can get to the mountains and desert and the sea all in one day. But I rarely even went to the beach due to traffic. Only place I can imagine worse would be NYC :> But that is just me, there seems to be a NYC type of person who can love it there.
@@Lonejustice1 In a couple months when it's 5 degrees here, I may have a different opinion about LA and NYC :> Having four seasons is nice, but winter can seem like it lasts a long time!
L.A is terrible. I mean don't get me wrong there is so many things to do there. Although.. traffic is horrible, homelessness is up, units are usually full of mold. I am so glad I moved back to NorCal.
JEARLA Anyone can afford to live anywhere. Prices are going up though so don’t paint me as a villian for not wanting to live there. Even if it is expensive why is that a problem to you? Lol weirdo
It’s like this all over SoCal. I’m in San Diego and it took me 7 months to find a place I liked. And I’m paying $1,000 more in rent than what I was before. It’s ridiculous. If i didn’t have two cats and a job that required to be PST, I’d be like you and move around to other cities in short term.
Well you forgot one good tip. Look in areas further away or not as nice. Which I am sure will only be a few blocks away from the nice areas, in some cases. That's what I did when I moved to NYC back in the day. I lived in a not as nice area, and saved a lot of money. People made fun of me at first. But guess what, it did not take long for that not nice area, to turn into a cool area. The same can happen in LA.
@@taylorstep8135 That's exaggerated. Tell you what, the criminals like to roam in the nice neighborhoods the most, because that is where the money is. There is no magical wall that keeps the criminals out of nice neighborhoods. Plus, I don't know LA that well, but I am guessing there has to be a middle ground somewhere between Beverly Hills and like some horrible slum, in LA.
I moved from Philly to LA this year with my family. I ended up having to settle for a 3BR in DTLA. The market is absolutely nuts and the best places are occupied.
i don't see why anybody would want to live in LA if their not in the entertainment or social media influencer business. They're so many better places to live for cheaper.
Because it's an awesome city with fantastic weather and lovely people. I'd rather live in a place that makes me happy than save money in a place that doesn't feel like home. ✌🏾
People live in LA for many reasons. Everyone knows it’s an expensive metropolitan city to live in. My family in the 3rd world country knows and they never visited yet lol. People live here because of the resources that LA has to offer. You can literally find all types of food, products, entertainment, best weather days. All activities within a short drive. The conveniences of things are here. You can live in another cheap state like Oklahoma or Arkansas which is nothing wrong with that. You may or may not find and have everything there. Living in LA is pricy but people make it work and people live here work their asses off and hustle to pay rent. But that’s just the culture of this town.
Like a lot of places people have roots. A lot of people already own their own house so they don’t have this renting problem or are actually benefitting from it.
Has a lot of high paying jobs, good food with different price points and tons of diversity. Endless things to do and places to go to. Also when you say better, I think you just mean cheaper.
I hope people realize that if you’re moving trying to move to Santa Monica, West Hollywood, etc, it’s obvious those prices are gonna be ridiculous. But there are a lot of other neighborhoods east of LA, or other parts, that are nice and way more affordable.
The same thing is happening to Miami. It’s increasing rents exponentially. The locals are completely priced out of the market because Californians and New Yorkers have no problem paying our top dollar. Apartments 1 year ago are on average $1500 more per month ($3-4K/month) for the same exact apartment. I’m stressed because I have no where to go. ☹️🥺
This video, and the comments, was more informative than I would have thought. I'm only just beginning my search for a new apt and this info isn't good news, but guess it's what I needed before I get going. I've lived in the same apt almost 9 yrs and it needs alot of work that they won't do and can't for some of it. This info willl help me decide.
NorCal is same. View in the morning (if you can get in) and it’s gone before lunch. We became so desperate, we figured out with assistance programs it was easier and cheaper to buy! So we became homeowners at 19 😱 but thank goodness. Mortgage for home is $1100 and the studios across the street go for $1250+
I'm in Studio City in a 2 bedroom for 2150. I wouldn't take this video as that's the norm across the city. You'll pay for luxury units here that's not new.
This is how it is in MD right now too. Obviously prices are not as high but def high for the area and every where is 90%+ full with the units going off market immediately!
When I moved to LA I had my own 2 bedroom/2 bathroom apt to myself almost for free. And then I moved to a place for $750/ no water bill, no electric bill, no parking fees etc….furnished in a quiet neighborhood with LOTS of parking. There ARE other ways to live in LA.☺️
@Projectile Live Well, how I found them is by God. Absolutely. So I know that's not everyone's approach to life/cup of tea. But logistically the 2 bedroom/2 bathroom apt was part of my "job" but it was barely any hours. And the $750/mo place, I know the landlord had also posted another space like mine, cause she has a few on some website. I don't remember the website she said, but that wasn't how I had found it. How I found it is actually a very interesting story. So the point would be that these places and opportunities in LA do exist. How you find them can vary. But it IS possible. It's not going to be an EVERYONE thing though or else obviously everyone would be trying to do it. It can also take TIME to find the places.
@Projectile 1 there is no such thing don't listen to crazies on here. But there are a lot of ways to live and make money in LA reach out if u genuinely need help or need help finding an apt I know the city inside and out.
@@nryanmusic No. Excuse you for being RUDE when asking ME a question on MY comment. If you are going to start off by being rude, "that makes no sense" and then basically DEMANDING me to explain myself, I don't know what you really expect. You didn't HAVE to hop on my comment. Yet you did. How my life has worked out doesn't mean that's how yours will especially when you can't take tips from someone who has literally done what MANY people WISH they could do. I've also renamed one of the biggest sequels of this year and of my generation, but I suppose you would say that "makes no sense" either. While you "live and make money" I choose to go about life differently and that's okay. You can like your life and I can like mine. :)
It's not only a thing in in America, also here in the Netherlands it is so hard to buy a house. Everyone that wants a house right now they overpay between 20.000/90.000 euro's on a house (that's a lot here) and because we're not getting paid more at work, it is even harder for people to buy a house. wereas a couple of years a go you were lucky if you could buy a house for 180.000 euros, now you barely find houses that are cheaper than 300.000 euros. I still live with my parents and seeing this, it will take years for me to find a place that I can pay.
I would say that this time is arguably the worst time to move anywhere regardless of whether you are renting or planning on buying a home. The real estate market all over the US and all major cities and even some suburbs and hole in the wall places is out of control. I am a friend right now looking to buy a home in Miami and homes are being way overpriced by like $100k, it's nuts out there!
I live in Miami, and I don't recommend that anyone move here -- unless they are being paid at least $2 million per year. Miami has the "stupidest, most aggressive drivers" in the U.S. and English is "optional" for everyone in the city. Miami is a great place to visit, but it is a terrible place to live, unless you can afford to live in a gated community.
Las Vegas is the same way a lot of apartments are rented out which is insane it was never this crazy here, also the median rent went up to 1700 a month when last year it was 1300 max
I shudder to think of how much the average American renter owes in "back-rent", due to their inability to pay during the eviction moratorium. In many parts of the U.S., people are obligated to pay their "back-rent" the moment the moratorium is lifted. If they can't pay it, then they can be served with an eviction notice giving them 2 weeks to vacate.
It is the entire state. I put my rental in Central Coast up for rent in October and got 150 applicants. I am getting hundreds more than I was before for rent.
9:01 “poor rated” is what I could afford. Maybe you should look into sharing cheaper apartments with us instead of heavily expensive ones. A lot of people cannot afford $5000 apartments.
I’ve been told the landlords are withholding units until after the moratorium lifts in 2022. Apparently they think people will move in and not pay rent so they would rather have places sit empty. Kind of dumb because people are moving around and need a place to rent. It isn’t a conspiracy to live rent free.
completely false -- you can take many applications and rent to the person that has the most solid job and longevity -- the lower-income housing is where you have the problems - hourly wage workers, unfortunately, were affected the worst during covid
I moved to LA in 1995. I rented a room at first for $425 a month. I finally got my first apartment in 1998. It was the Oakwood Apartments (which had apartments all over LA at the time). The rent was $625 a month (studio apartment). It was small with a 'Murphy' bed, but nice and had a pool, tennis court and continental breakfast on Sunday. When I left that apartment in 2000, I was paying $825. The last apartment I had which was in Palms near Culver City, rent was $850 when I moved there in 2005. I found that one driving around. I left there in 2016 when my rent was going up to $1000 a month. Not sure what it's going for now, but I know it's a lot more than that.
People should really look at the broader LA county area . Like the cities around LA.Especially the gateway cities. Rent is much cheaper and the area pretty nice In my opinion
PHX has been the same way the past 6-12 months or so. All of the large complexes are basically 100% full and when a unit opens up, it's snatched within hours. I moved out of my complex in August 2019 and rent was $1650 for a 2BR. Checked rent for the same unit now, and it's $2950 (and no longer includes a garage, which you can get for $200/mth).
I've lived in L.A. for most of my life. I've owned a home in Altadena (which is next to Pasadena) for over 25 years. I'm wondering how difficult the rental market is in places other than the Westside, West Hollywood, Santa Monica, etc. Because those were typically the more expensive parts of L.A. even before Covid. Los Angeles is comprised of so many communities. I wonder how those other communities are faring.
I mean I'm in Studio City and it doesn't look as bad over by me there's places for rent. I don't know why UA-camrs just don't bother trying other parts of the city.
I moved to a new apartment in the beach cities area in May 2020 for a decent-priced apartment and just in the last two months rents around here have risen by around $500. It's the worst I've ever seen it in the 18 years I've lived and rented here.
I moved to OC in 2020 and rented a private bedroom and private bathroom in a friend's house for $850. Next month, I'm moving into a newly remodeled home. Same situation but at $960 a month. Don't rule out renting rooms in houses in SoCal. I can't afford a 1 br 1 bath apartment in OC or LA by myself. If I'm going to have roommates then at least I have a safe place to park, in-unit laundry and a garage to store stuff. I feel like this is a good way to save money so that 1 day I can own a townhouse.
I think the short term rental has also hurt the overall rental market, especially for one bedrooms. And the NIMBY attitude is terrible and makes it harder to build new stuff. I don't see that improving.
$4.6K a month for a 1 bedroom apartment! The rent madness in the LA area is a big reason why I left SoCal last year and have no plans of ever coming back. I'm living happily in the other end of the state and paying half of that amount a month for a 3 bedroom house.
wow this is such an incredible video about the LA market, very interesting as im from England, Things are similar from people moving away from London into surrounding places and near the beaches e.t.c. Crazy times!
I was looking into living back in LA for about a year or two before I head out East, and I couldn’t believe the rent prices….the first thing I said to myself was “Is LA trying to catch up with NYC with these prices? 🥴”
It’s very expensive to live alone. Find one or two roommates to share expenses. I can’t imagine you living in a place without a washer/dryer and dishwasher. Can renters in LA be evicted for non-payment of rent? If not, that’s why there’s no supply. Are people still getting unemployment $$ due to pandemic, that’s another cause for high prices.
this is only HIGH end apartments, there are a MILLION apartments available if you're willing to be in a smaller studio or a small 1 bedroom that isn't retro remodeled so this is informative if you're only interested in a boujee apartment tbh
There's actually a lot of nearby cities that are cheaper unless you want the LA luxury apartment experience then of course that comes with a price. I have been debating on whether to keep my studio condo in Ontario which is about 40 miles from LA as a rental or sell it but after hearing this I think I will hold on to it for a little bit.
This is also the fallout from the failure to pass the rent control referendum on the ballot a couple of years ago. That REALLY hurt the LA market (but favored developers and property owners)
@@Frank00 Hahahaha building more doesn't solve anything but to temporarily lower rents due to vacancies due to outright availability, which is what she noticed here. Lots of availability early in Pandemic so rents dropped significantly. They filled them and BOOM rents are higher than ever. Rent control for buildings up to year year 2000 would update the current 1970 and older law that would significantly stabilize many units built in the 70's-90's instead of being able to jump rents on a 30 year old unit to price out many renters. The current law went into place 30 years ago and I'm pretty sure we're still capitalist AF right now. Even a place built in 1995 is too unaffordable for the LA market because of the lack of rent control. It's creating even larger wealth gaps and exacerbating the homeless issue in LA and CA
As an LA native, the rental and housing market has been rough on us. I was born and raised here, my whole family is here, I don’t even want to consider leaving 😭
I can only imagine! standard of living is soooo high
Same. Grew up in Boyle Heights, now my extended family all moved to the IE because you get more house for the money
Are you voting Democrat?
@@Desert_Dreamin024 What does this have to do with my comment?
@@joevarga5982 what does your comment have to do with the comment you replied to? Maybe start there, then you might realize he's trying to tell you that not only democratic cities have this issue
This video is super informative, but I want to remind anyone reading this that what's for you is for you, regardless of the market or what anyone else is doing. If moving to LA is your dream, the right spot for you is going to reveal itself in the right timing.
I LoVe this, thank you for this-it has always been my dream to live in LA somehow I ended up in NY for 15 years and I'm dying to get out and get to LA and if I don't like it at least I can say I experience my dream city :)
If there is a will -there is a way. I just moved to Orange County in 2021 into a roommate situation. Majority of single people here do live with roommates so it’s the best way to start even if it will be only for 6 months-1year. You can build up to renting on your own-you will need a credit of 650+ Low debt to income ratio and 60 k take home pay, if your income is lower you may qualify for low income housing apartment but that will take months to get into.
yes to this comment all the way yess.
Bad advice, this how you become homeless
Preach
Honestly this is happening Pretty much everywhere. Housing costs have Sky rocketed, nothing is available, everything that opens up gets snatched up so fast. It’s crazy. There is no housing, everyone is hiring, and still a ton of homeless in all major cities!
Ya really glad Trump is out of office phew the lowest unemployment in 50 years and best economy was realllly a drag...and his tweets, yuck!! haha ya I'm not sure why people are surprised, that's what happens when you roll back everything that was working before 🤣 this was all in an upswing coming out of the pandemic, and getting back to normal until literally this January. Now everyone is hiring but no one wants to work, prices are up every damn time I grocery shop, rent is up 25% here in Phoenix, and we are letting in 10s of thousands of illegal immigrants at our southern border, it's's great, I love this year. Not.
When our president who has zero authority to do this btw tells people who own their own property that they are not allowed to evict people this is what happens. Prices skyrocket because landlords are out BIG bucks because everyone decided not to pay rent. They dont have units available because they CANT EVICT PEOPLE, and they accept new people right away hoping to make up some of the money they lost this past year. I'm not sure why everyone is "confused" as to why things are this way....Just like at both of my jobs we have been hiring for over a year now and cant find A SINGLE PERSON who wants to work, not because they make more on unemployment but because they dont have to pay rent, electric, credit card companies are being more lenient etc because of shitty government policies and they can make enough on unemployment to by beer and weed so they dont wanna work. Everything was getting back to normal until January. And now with this border crisis oh gosh and now companies are requiring the vax to work...its only gonna get worse yall!!
You have to move where they are actually building units at such a rapid clip in the most in demand areas of the city that I'm thinking they will overbuild causing another crash like the housing bubble in 2005-2006. However, all new buildings keep proving me wrong. That said, you can get great new luxury units in the best possible spot of this city for even at the now elevated rates is still a fraction of LA, SanFran, or NYC or even Chicago.
I guess I didn't mention where this actually was.....the city of DETROIT ;)
@@MrsMuffin11 I want to work but everyone who claims they're hiring aren't hiring ME, all talk
I can't wait for your New York move. I am living my life vicariously through you. You have inspired me to do the same and in 2022, I have decided to live like this for a month in different cities in India. Lots of love Shelby
*We love Shelby and all her videos so much! We’ve been watching for the longest time now and she’s inspired us to make our own channel. Even though we only have a couple thousands subs we hope we can one day entertain others on the scale she does. We’d really appreciate any feedback on our latest videos! We hope whoever reads this stays happy and healthy!❤*
May Allah bless you
People do not realize how expensive it is in L.A. A couple of days ago, I went to IHOP and ordered bacon, eggs, pancakes and a soda, $18.21 plus tip. The higher the prices, the more the sales tax. $5.00 gas. Rent is just the beginning. I'm out after Thanksgiving.
lol its the 15.00 wage which is actually 18.00 with city state federal tax and workman comp lol
@Bleach Burn Power
Which IHOP?
The one over at 8th St. and Flower St. is still $11 total plus taxes.
ihop is cheap bro
then just make your own pancakes problem solved lolll
Where do you live? I haven't seen $5 gas in LA
I can assure you it’s not hard to move to LA right now. Everyone thinks they can move to LA and live in WeHo, Venice, or Santa Monica and became an influencer. Yes those areas are in high demand but we have literally 100s of neighborhoods.
exactly. this video is absurd.
This video is stupid :) I won’t even finish it
@ItsStillRealToMe DamnIt what are you talking about. who said you have to live in the valley. (the valley is awesome btw for anyone reading only idiot transplants have a problem with it.. )
@ItsStillRealToMe DamnIt lol the valley is great. Especially North Hollywood if you are young and want to meet lots of people.
@ItsStillRealToMe DamnIt LOL!!!! not even close to true.
I lived in LA for awhile. What it's missing is a sense of community, it really feels like everyone is out for themselves there. Great place to visit but not ideal for planting roots imo.
100% agree!
This is exactly how I feel! I've been living in LA for a little over 2 years and I've realized the only thing keeping me here is my career. I miss having that sense of community.
There are places with sense of community. Mar Vista and (the palms area south of national Blvd, north of palms rd, east of 405). These areas don't even have weekly street cleaning and 2hr parking. One can park there forever.
Bc you're not native to La
I grew up in LA but some ways I did post college were through recreational sports teams, ex co-worker, neighborhood dog friends in apt complex.
Pick the neighborhood where you want to live and drive/walk around. I've found both of my apartments that way. You'd be surprised how many great buildings have zero internet presence.
That seems time consuming! Craigslist is free to list!
Yes. This! I agree 100%. All of the good places, priced at a decent value are not listed online.
Hear hear!
@@mailabourisk7242 I toured a STUNNING building on Edgemont in Los Feliz with gorgeous landscaping and great location. It was an older complex but had so much charm and units at great prices. They don’t post online so you’d never know they had openings. That’s more common in LA than people would think.
@@shontelhorneonline where exactly?
Other popular cities to live (not just in CA) also have a huge inventory problem. It definitely isn't just an LA issue. I live in the suburbs in another state and there's a big inventory problem here too. They just can't build fast enough to keep up and can't find construction workers, shortage of building supplies, etc.
we still have an eviction moratorium in LA
I’m in Phoenix and it’s the highest rate of inflation in the country. Gas is almost $5 a gallon, SQ FT for a apartment is around $1.50 now which is absurd! Wages staying the same for people with a career, if you work fast food there’s no way you should be getting paid almost what people with skills get paid.
As someone who just signed a lease on a beautiful 1 bedroom apartment in LA after weeks of searching through dozens of poorly marketed listings with poorly taken photos, I found this video incredibly accurate and relatable!
that's such a smart thing to do
Congrats. Living in la is my dream. I live in europe now.
I cannot for the life of me understand why anyone, would shell out $4600 a month on a 1 bedroom apt. It actually is very sad anyone would allow themselves to be treated that way. I don't care what the rental market allows its still very sad.
My husband and I moved out of California over two years ago. We’re native Californians the title of your video is exactly true minus 2021. LA is so expensive if you move there you must have a good savings be prepared to pay high everything!!! Gas,food, rent, taxes! Traffic is horrible. Stress is big there no joke!
Native Californian here as well. We moved out of LA in Aug 2020, everything was closed in LA and we were paying so much in rent and just trying to survive day to day. I don’t miss that “you gotta make it and work until you die” LA mentality.
Shelby it's not just LA. It's all of Southern California. I've been dealing with this for the last year and a half. I have a family of 4 and it's even harder to find places. The calls you made I've made 100 times more calls that went the same way. They shouldn't even be allowed to post available units if they don't have anything available. Really I think the market is just being manipulated.
It's not just Cali... I'm looking at places in Portland and Seattle and there's just nothing anymore.
Eviction moratorium just ended. Let's see what happens when the evictions actually get through the courts.
I know that most Americans get "attached to their hometowns", but I have met many people who have moved out expensive cities out of sheer necessity. I have lived in all 4 time zones in the contiguous U.S., and each time I moved, I did so out of necessity.
@@kgal1298 Yeah I wouldn't expect any real easing in the market until mid next year.
The market isnt being manipulated, property tax keeps going up and inflation is at an all time high. Those two contribute greatly to the cost.
We moved October 1st and found a beautiful modern apartment on padmapper a few streets back from the beach. 2 bedroom, 2 bathroom, massive kitchen with island and beautiful balcony with air con, in Venice / Santa Monica area for 5,500 a month. I found the listing late at night and we were the first the view it in the morning. We raced home to apply and luckily got the place. Apparently a couple after us wanted it too but they were too late. So if you see a place you like try and get the earliest time possible to view it! And refresh the apps 20 times a day.
I moved to LA in January 2000. I lived in N Hollywood just off Magnolia Blvd, in a 3 bedroom - 2 bathroom apt paying $950. Now it’s $2100 in 2021. My last apartment I had, a 1.5 bedroom w 1 bathroom in Valley Village I was paying $1100. When I moved out they jacked the rent up to 1800. Part of the problem is a huge influx of foreign money buying properties and renting at a much higher rate.
Loved this video! Same thing is happening in San Diego. I have several people looking to move right now and everything is crazy expensive and extremely limited…
This video is SO informative 👏 👌
Seriously? She's been a RE agent less than a year. She's NOT drowning in real world experience. She acts as if this phenomenon is "new"; it's NOT! I went thru the exact same thing about 22 years ago in Seattle.....a scarcity of rental inventory that resulted in rising rents, competitive tenancy, bigger down deposits, etc. Last year it was the OPPOSITE: rental concessions, landlords "begging" during the start of #covid.
@@tommynikon2283 Shelby is not a RE agent.
please explain what you mean by this. am I missing something?
@@tommynikon2283 She's not an agent, but sometimes her and her sister say things that make me scratch my head I don't think they get out a lot and hang with people that make less than 100K per year, but also the issue right now is our eviction moratorium just ended and people are still squatting that explains. the apartment, housing this videos' not actually wrong we have a huge issue with building more properties.
Namely staying away from LA unless you're looking to throw a majority of your income towards rent
It’s happening also in Miami, and Ft. lauderdale Florida. I’ve been living here my whole life and the rental market is crazy, I’ve never seen that before here.
I live in Miami, and the one "upside" to the new housing shortage and higher cost of living, is that it keeps millions of "English-illiterate people" from moving here. Given the ongoing crisis at the border, and the 60,000-person caravan that's headed to the U.S. right now, Miami can remain expensive for as long as Biden is in office for all I care.
The current LA market reminds me of how SF was before covid. You had to be ready to put down a deposit immediately or else it would get snatched! Or you’d go to a showing and there was 20 other interested people! Things have chilled out here because of the pandemic but it was awful before.
On the other hand, L.A.'s unaffordability has pushed a number of businesses out of the state, thereby creating numerous opportunities for Americans in other parts of the country. Many L.A.-based businesses have moved to Arizona, Texas, Tennessee, and Florida. The L.A. residents who "relocate with the company", often enjoy a lower cost of living in the new place where they live.
Lived in Glendale 2bed 2bath 900 square foot renovated apartment but you could tell it was older, paid $2400. I moved to Austin Texas bought a house pay $2K for a 1800 Sq foot home, huge backyard. The value of the home has gone up $100K. I love LA so much but it took the pandemic for me to realize being so far away from family and paying so much it rent is not worth it.
Okay but is that Glendale apartment still available. I’m paying 2500 for a small 1 bed in DTLA
That's why most people who move here and stay don't have families. 😭
i’m from la, but being a minor, my parents forced me to move to atx lol. i really don’t like it here much. i miss my home, and i wanna go back when i turn 18. it kind of bothers me seeing people from here moving to la:/ ig jealously ykkk
Moved to LA a year ago in the middle of covid, it’s $1800 for a rent controlled 1bed 1 bath and what I’m taking from this video is I can never leave 😂
Never leave that!!!!
Until they raise it when your lease is up 😭😭
Rent control? It's too bad there's no "inflation control."
I don’t think many of these problems are unique to LA! We’re seeing the same exact trends in Philly (even though it’s a lower COL and not a trendy city). There’s probably some deeper story about inflation in the housing by market that wages haven’t caught up to. I’m interested in these trends too - super interesting!
all you people think this is normal? no it's because Bidens policies suck a**.
@@Desert_Dreamin024 This is happening in every major city now, not just yours. No, Trump never put forth any policies like the ones Biden has, so no. If you want to talk about specific Trump policies that hurt millions of people go for it, I'm listening.
@@MrsMuffin11 I'm curious. Exactly what do you think Biden did to cause housing shortage? Regulations on housing construction have been a thing for decades.
@@paulocesarferraro5722 1. Telling landlords and property owners that they are unable to evict people who refuse to pay rent.
2. California and NYC have some of the worst housing issues because they fix the amount of money you can charge for rent.
@@paulocesarferraro5722 this is why big government sucks. They are to blame for all of these issues listed in this video. Only need to watch the first couple minutes.ua-cam.com/video/jyt5WSBLWyc/v-deo.html
This video has some really great tips. I moved from DC to Albuquerque during the pandemic to have a lower cost of living and we found a really great place, but we have lived here less than a year and have had 3 landlords. The most recent landlords are letting us finish out our lease but we have to move out soon. Apartment hunting has been a nightmare there are no units available and the prices are just about the same as DC. I will definitely start driving around and calling for rent signs!
This is how it has always been in NYC. You have to show up with all of your paperwork and Cheques written and you might only view 2-3 spots in an afternoon. I got a pandemic pricing apartment at the tail end but NYC pricing has since gone back up (unit above me rented last month for 25% more than what I’m paying)
For what it’s worth, LA just changed its zoning laws, which in theory should allow for an increase in the supply of affordable housing. In theory.
That's a good first step, though. The government did its job. Now it's time for the developers to do the same.
very helpful, thanks Shelby! Love your videos! I used to rent so many different place in LA, even in DTLA, and that was back from 2013-2020. Then I bought a house in LA.The real estate market is HOT
Loved the video Shelby! Also want to mention though, there isn't many vacancies because tenants are protected from eviction because of Covid-19 which is important and so LA is conducting rent-relief under Housing is Key.
The squirrel climbing down from the tree at 5:08 :D
This is LITERALLY what brokers told me in NYC - two of the apartments I applied for, I was like 3-4th in line the same day I saw it. It’s crazy!
Always love the music you use to play in the background of your vids!
No wonder van life is becoming so popular😂
😂😂
Right!
facts
Yeah,
beat off in front of your dog
In your “van”, outside the IHOP.
Aaaah... freedom.
Live in Miami in a 50-story rental building in Brickell (financial district) and the building always had about 50 out of 400 units available until last year. Now the building has been at capacity since January fueled by transplants from NY, Maryland, Massachusetts, Virginia, New Jersey, and California... you can tell by the car plates in the garage. The bad thing is our lease went up 15% year over year! Hopefully these people go back to their states once we all return to the office so rentals at least stop increasing substantially next year.
“Hopefully these people go back to their states” lol and if they don’t? People are relocating now that they can work remote permanently. get used to it..
@@NickyNicest Most companies are requiring employees to go back to the office, but companies that are letting WFH permanently, they will certainly revise the employees' salaries if the cost of living in the new location is cheaper....just look at what Google, Microsoft, Facebook, etc are doing. So, if these transplants stay in Miami, they will get a pay cut.
@@deskubrirMost of them aren't going back I'm in LA and people just want out. They will deal with the financial situation
@@peterwelby absolutely lol they dealt with a way worse financial situation here in California so now they can have a better life but a lot of people hate on it🤣 i just don’t think the people who are scared of guns and want them banned should move from California
I’m actually looking to move to brickell from Boston, what building are you in? Would you recommend?
As beautiful as Southern California once was, and in a few places still is, unless you're rich you're basically hemorrhaging money. I lived in Newport Beach for 8 years and it was paradise. But the 10s of thousands of dollars I paid in rent is gone forever. I paid $1100 a month for a studio there, but here in Texas my mortgage is $1200 hundred a month for a 4 bedroom stand alone home in a virtually crimefree neighborhood. I would never give back those years in Newport, but I wish I had that money back lol. Gr8 vid, Shelby. 🌺❤️
May I ask what community you live in Texas. I live in San Diego, and looking around in Texas currently, but not too familiar with low crime areas. Thank you in advance!
@@Oh_You_Know_ I'm in El Paso. Even though it's one of the safest cities in America it's not for everyone. It's a desert town with a picturesque mountain range. It's growing super fast. I'm just guessing but in 10 years it could have a population of close to a million.
$1100 for a studio?? Thats an insane steal. How long ago was this? You won't even be able to rent a bedroom in a shared house for that price in Newport.
@@CremeDeLaCalvin8 I moved out of Newport in 2012.
What city in Texas. I live in Mc Allen
I got 2-months free rent back in May. There was a lot of availability back then…crazy how quickly things can change.
I moved to LA in April and I’m glad I did then vs now. I lucked up on such a great deal for a 5 bedroom 4 bathroom townhouse that I’m still shocked I got for the price I did
That was a good time to move for sure
Could I ask how much you got the deal for?
@@Anna-xh6fk it’s a 5 bedroom 4 bathroom townhouse and we pay $3,200/month
+Lauren Washington ..... no way
bet that's LA as in Louisiana 🤣
@@007thematrix007 lol nope. Los Angeles
You are literally the queen of 1) b roll and 2) valuable information. Like seriously this was so informative and helpful! thank you for this! :)
Popular parts of the UK are like this at the moment for renting and buying houses. Not sure if it’s temporary or if this is the new normal 🏡
I had to take my apartment in Manchester on the spot and even then I was told I'm 2nd in line lol
It's the new normal. Like what was mentioned in this video, inventory is simply not available. The newest phenomenon is that shell companies are buying up all of the inventory, then renting it out. But here's the thing: I don't get why people are willing to pay these exorbitant prices when you don't have to.
With COVID-19 and everyone working from home, there's no need to live in LA or NYC or San Francisco or London. If you program for a living like I do, as long as the internet connection is strong, you can live there. Where I work, there are people living all over the world, including central and south America and even Russia and India! These were people that lived near NYC, but after the pandemic decided to move to where they really want to live. More people need to realize that you don't have to pay $5K a month for an apartment just because you're making six figures.
@MACABRE L.A.
I think in this case, we know what the goal was before COVID-19: be as close to your job as possible. Easier commute to work, access to night life and socializing, access to all of the things a big city has to offer. But with the pandemic, that's all changed.. I think many people are still programmed to look for big city living and are just not processing the fact that they don't have to.
My wife and I happen to live in an expensive state, but 1. we make very good money (each one of us makes over 6 figures) and 2. she's a few years away from getting her full pension (which is really good), so we don't want to leave until she has her full pension. But for the many people that can do their job remotely, I think it's nuts to want to live in some of these super expensive cities. You can live like a king in, for example, Panama City, Panama for a fraction of the cost of living in NYC.
New norm, now cunts are buying virtual real estate.
It depends on if work becomes more online or goes back to being office oriented.
Your vlog mood is always so comforting，love it so much!
Excited for you Shelby to start this new chapter of your life! All the best 🤗
Great to hear this as a LA native 😀
The same thing is happening in Orange County (which makes sense since it’s so close). I found out I had to move with little notice and was shocked to see that small one bedrooms were renting for more than my two bedroom with in unit washer/dryer in a good neighborhood a year ago! I had to lower my standards a ton and still ended up having to get a place more expensive than I planned. The leasing agents I talked to said that apartments were being taken after only a couples hours listed and sometimes completely sight unseen. 😱
Yep! I live in South OC and it's crazy down here!
I'm gonna have to move soon, and I was hoping I'd be able to find a place in the OC. 😞 I honestly don't know what I'm gonna do now.
@@salum6690 I'm so sorry! I truly hope things work out for you soon 🥺🥺
Yeah this is how I got stuck in my old apartment for years and years because it was always going to be a hard pill to swallow to pay more rent for basically less.
Shelby, this was great! Thank you! You are amazing for your age!!
I recently moved to San Diego. I was struggling to find something affordable that’s a decent size and location. By chance something popped up that was a steal for the price and location and I immediately rented without waiting Bc I knew it will be snatched up. Recently looked around out of curiosity and nothing even comes close to the price, amenities and location than what I found. It was honestly luck and good timing.
So my advice is if you even somewhat like the place, don’t wait. Jump on it now or it will be gone tomorrow. People are renting without even viewing the place. This applies for pretty much everywhere rn but especially SoCal.
Love that you are so detailed in your videos
I feel like there are definitely some fair priced apartments in LA available right now. The issue you’re referring to seems more like for more fancy buildings with amenities etc. It’s definitely interesting that they’re completely booked, I’ve never seen that before, but there are nice simpler apartments all over LA 🙂
Agreed
Yep. Also if you’re searching on the internet a ton of people are seeing the same listings because that’s how the internet works. There are plenty of apartments in LA. Now real estate is a complete dumpster fire lol.
There are if you go the valley. Welcome to the younger crowd being picky about being on the West Side.
I was going to comment the same thing- I was able to lock in a cute studio in K town/melrose hill for 1400 a month, it was the first place I applied at. I think the older buildings have way more character and give you a greater sense of community, but I’ve always been drawn to a less polished life as a musician haha.
I think people will always see the negative in things if that’s what you’re looking for.
@@evahaanenmusic i’ve been looking in Koreatown too.
wow I'm so glad you posted this. I legit had to move back home- bc I couldn't find an apartment the requirements were ridiculous and though I moved out there with what I thought was enough- It really quickly was spent- I had to come back home. It was super stressful and honestly kinda heartbreaking. Also no wonder I felt everything was so much more pricey than even NYC. Low supply usually drives up prices.
I spent 1 month in hotels looking for apartments, that was over 4 k, then I just found a roommate situation and now building my credit up and paying off debts to be able to rent on my own. You can do it but you need to lower your expectations and adopt for a while. Renting by yourself is extremely expensive.
Left the LA area over 25 years ago, no regrets! Sure, get rid of the traffic and it may be a different thing. Has amazing weather and you can get to the mountains and desert and the sea all in one day. But I rarely even went to the beach due to traffic. Only place I can imagine worse would be NYC :> But that is just me, there seems to be a NYC type of person who can love it there.
👌
During the height of the lockdown, the freeways were empty.
@@Lonejustice1 In a couple months when it's 5 degrees here, I may have a different opinion about LA and NYC :> Having four seasons is nice, but winter can seem like it lasts a long time!
@@pl5bnsf I know, I grew up in Toronto....
@@pl5bnsf snow is great the first day at least!
L.A is terrible. I mean don't get me wrong there is so many things to do there. Although.. traffic is horrible, homelessness is up, units are usually full of mold. I am so glad I moved back to NorCal.
Admit it … you can’t afford LA lol
Stop complaining 🤣
JEARLA Anyone can afford to live anywhere. Prices are going up though so don’t paint me as a villian for not wanting to live there. Even if it is expensive why is that a problem to you? Lol weirdo
It’s like this all over SoCal. I’m in San Diego and it took me 7 months to find a place I liked. And I’m paying $1,000 more in rent than what I was before. It’s ridiculous. If i didn’t have two cats and a job that required to be PST, I’d be like you and move around to other cities in short term.
Why not move to somewhere in Fresno or Nevada or Oregon. They are all pst
And how are you required to be in pst, if you move farther east it just means you work later but get to sleep in!
Great video Shelby and love the cinematic b-roll shots also! Hopefully California can catch up and build much, much more units.
Well you forgot one good tip. Look in areas further away or not as nice. Which I am sure will only be a few blocks away from the nice areas, in some cases. That's what I did when I moved to NYC back in the day. I lived in a not as nice area, and saved a lot of money. People made fun of me at first. But guess what, it did not take long for that not nice area, to turn into a cool area. The same can happen in LA.
Most not nice neighborhoods are dangerous.
@@taylorstep8135 That's exaggerated. Tell you what, the criminals like to roam in the nice neighborhoods the most, because that is where the money is. There is no magical wall that keeps the criminals out of nice neighborhoods. Plus, I don't know LA that well, but I am guessing there has to be a middle ground somewhere between Beverly Hills and like some horrible slum, in LA.
South East LA county is pretty nice. “The gateway cities”. Rent is cheaper and the area is decent
I moved from Philly to LA this year with my family. I ended up having to settle for a 3BR in DTLA.
The market is absolutely nuts and the best places are occupied.
i don't see why anybody would want to live in LA if their not in the entertainment or social media influencer business. They're so many better places to live for cheaper.
Opportunities in education, health & medicine - i.e. Cedars-Sinai; University of California
Because it's an awesome city with fantastic weather and lovely people. I'd rather live in a place that makes me happy than save money in a place that doesn't feel like home. ✌🏾
People live in LA for many reasons. Everyone knows it’s an expensive metropolitan city to live in. My family in the 3rd world country knows and they never visited yet lol. People live here because of the resources that LA has to offer. You can literally find all types of food, products, entertainment, best weather days. All activities within a short drive. The conveniences of things are here. You can live in another cheap state like Oklahoma or Arkansas which is nothing wrong with that. You may or may not find and have everything there. Living in LA is pricy but people make it work and people live here work their asses off and hustle to pay rent. But that’s just the culture of this town.
Like a lot of places people have roots. A lot of people already own their own house so they don’t have this renting problem or are actually benefitting from it.
Has a lot of high paying jobs, good food with different price points and tons of diversity. Endless things to do and places to go to. Also when you say better, I think you just mean cheaper.
I hope people realize that if you’re moving trying to move to Santa Monica, West Hollywood, etc, it’s obvious those prices are gonna be ridiculous. But there are a lot of other neighborhoods east of LA, or other parts, that are nice and way more affordable.
Covid has REALLY thrown things sideways, but I'm glad you also noted the inconsistencies with the rates of population to rates of buildings.
Loved this video Shelby!! Great job!
The same thing is happening to Miami. It’s increasing rents exponentially. The locals are completely priced out of the market because Californians and New Yorkers have no problem paying our top dollar. Apartments 1 year ago are on average $1500 more per month ($3-4K/month) for the same exact apartment. I’m stressed because I have no where to go. ☹️🥺
This video, and the comments, was more informative than I would have thought. I'm only just beginning my search for a new apt and this info isn't good news, but guess it's what I needed before I get going. I've lived in the same apt almost 9 yrs and it needs alot of work that they won't do and can't for some of it. This info willl help me decide.
I have family that live in LA, I love going down there and visiting for a week or two but living there seems like a hassle. Great video Shelby!
NorCal is same. View in the morning (if you can get in) and it’s gone before lunch. We became so desperate, we figured out with assistance programs it was easier and cheaper to buy! So we became homeowners at 19 😱 but thank goodness. Mortgage for home is $1100 and the studios across the street go for $1250+
If a person's gonna leave NY and travel all that way, you'd think that person would pick something substantially less expensive...
Not if they wanted a big city with a different enough feel
How does that make sense
my favorite UA-camr channel Shelby
4600 for 1 bedroom lol
Pretty typical for west la/Hollywood
I'm in Studio City in a 2 bedroom for 2150. I wouldn't take this video as that's the norm across the city. You'll pay for luxury units here that's not new.
yeah that was crazy ^^
Fools...
My mortgage is less.
@@solegonz762
Bullshit!
Palms is like $2200/1 bedroom
You must’ve left in 2006
This is how it is in MD right now too. Obviously prices are not as high but def high for the area and every where is 90%+ full with the units going off market immediately!
When I moved to LA I had my own 2 bedroom/2 bathroom apt to myself almost for free. And then I moved to a place for $750/ no water bill, no electric bill, no parking fees etc….furnished in a quiet neighborhood with LOTS of parking. There ARE other ways to live in LA.☺️
@Projectile Live Well, how I found them is by God. Absolutely. So I know that's not everyone's approach to life/cup of tea.
But logistically the 2 bedroom/2 bathroom apt was part of my "job" but it was barely any hours. And the $750/mo place, I know the landlord had also posted another space like mine, cause she has a few on some website. I don't remember the website she said, but that wasn't how I had found it. How I found it is actually a very interesting story.
So the point would be that these places and opportunities in LA do exist. How you find them can vary. But it IS possible. It's not going to be an EVERYONE thing though or else obviously everyone would be trying to do it.
It can also take TIME to find the places.
@@nryanmusic I "meant" what I said. lol What I said is literally the situation that happened. What else can I do for you right now?
@Projectile 1 there is no such thing don't listen to crazies on here. But there are a lot of ways to live and make money in LA reach out if u genuinely need help or need help finding an apt I know the city inside and out.
@@nryanmusic No. Excuse you for being RUDE when asking ME a question on MY comment. If you are going to start off by being rude, "that makes no sense" and then basically DEMANDING me to explain myself, I don't know what you really expect. You didn't HAVE to hop on my comment. Yet you did. How my life has worked out doesn't mean that's how yours will especially when you can't take tips from someone who has literally done what MANY people WISH they could do. I've also renamed one of the biggest sequels of this year and of my generation, but I suppose you would say that "makes no sense" either. While you "live and make money" I choose to go about life differently and that's okay. You can like your life and I can like mine. :)
Yaaaas! Perfect to watch while cutting my own Video! 😍👌🏻
Shelby, I learned a lot from this video. It was interesting due to the times we now live in.
It's not only a thing in in America, also here in the Netherlands it is so hard to buy a house. Everyone that wants a house right now they overpay between 20.000/90.000 euro's on a house (that's a lot here) and because we're not getting paid more at work, it is even harder for people to buy a house. wereas a couple of years a go you were lucky if you could buy a house for 180.000 euros, now you barely find houses that are cheaper than 300.000 euros. I still live with my parents and seeing this, it will take years for me to find a place that I can pay.
I would say that this time is arguably the worst time to move anywhere regardless of whether you are renting or planning on buying a home. The real estate market all over the US and all major cities and even some suburbs and hole in the wall places is out of control. I am a friend right now looking to buy a home in Miami and homes are being way overpriced by like $100k, it's nuts out there!
I live in Miami, and I don't recommend that anyone move here -- unless they are being paid at least $2 million per year. Miami has the "stupidest, most aggressive drivers" in the U.S. and English is "optional" for everyone in the city. Miami is a great place to visit, but it is a terrible place to live, unless you can afford to live in a gated community.
Beautiful content as always.
What a nice video my dear. It’s just superb.
Las Vegas is the same way a lot of apartments are rented out which is insane it was never this crazy here, also the median rent went up to 1700 a month when last year it was 1300 max
I shudder to think of how much the average American renter owes in "back-rent", due to their inability to pay during the eviction moratorium. In many parts of the U.S., people are obligated to pay their "back-rent" the moment the moratorium is lifted. If they can't pay it, then they can be served with an eviction notice giving them 2 weeks to vacate.
It is the entire state. I put my rental in Central Coast up for rent in October and got 150 applicants. I am getting hundreds more than I was before for rent.
LA market is insane, I'm never paying this much XD the 1700USD appartment would be like 600USD in my city in France.
Wait where in France? This is legitimately interesting (not like your exact location of course, just the general area)
Born and raised in LA. Everyone I know is here, but I've had enough. Me and my gf are currently in the process of moving to Miami.
9:01 “poor rated” is what I could afford. Maybe you should look into sharing cheaper apartments with us instead of heavily expensive ones. A lot of people cannot afford $5000 apartments.
I really enjoyed this!! Great job!
I’ve been told the landlords are withholding units until after the moratorium lifts in 2022. Apparently they think people will move in and not pay rent so they would rather have places sit empty. Kind of dumb because people are moving around and need a place to rent. It isn’t a conspiracy to live rent free.
completely false -- you can take many applications and rent to the person that has the most solid job and longevity -- the lower-income housing is where you have the problems - hourly wage workers, unfortunately, were affected the worst during covid
Absolutely....I have one next door...he has been leaving his 2 units empty for the last 2.5 years...
I moved to LA in 1995. I rented a room at first for $425 a month. I finally got my first apartment in 1998. It was the Oakwood Apartments (which had apartments all over LA at the time). The rent was $625 a month (studio apartment). It was small with a 'Murphy' bed, but nice and had a pool, tennis court and continental breakfast on Sunday. When I left that apartment in 2000, I was paying $825. The last apartment I had which was in Palms near Culver City, rent was $850 when I moved there in 2005. I found that one driving around. I left there in 2016 when my rent was going up to $1000 a month. Not sure what it's going for now, but I know it's a lot more than that.
Haha Oakhood up to no good! Lived at the one off BARHAM IN 2012, nice place, very pricey 🤙🏻
Nice video thanks for it
People should really look at the broader LA county area . Like the cities around LA.Especially the gateway cities. Rent is much cheaper and the area pretty nice In my opinion
Your videos are amazing!
PHX has been the same way the past 6-12 months or so. All of the large complexes are basically 100% full and when a unit opens up, it's snatched within hours. I moved out of my complex in August 2019 and rent was $1650 for a 2BR. Checked rent for the same unit now, and it's $2950 (and no longer includes a garage, which you can get for $200/mth).
I've lived in L.A. for most of my life. I've owned a home in Altadena (which is next to Pasadena) for over 25 years. I'm wondering how difficult the rental market is in places other than the Westside, West Hollywood, Santa Monica, etc. Because those were typically the more expensive parts of L.A. even before Covid. Los Angeles is comprised of so many communities. I wonder how those other communities are faring.
Altadena is beautiful. Cheers Jackie.
I mean I'm in Studio City and it doesn't look as bad over by me there's places for rent. I don't know why UA-camrs just don't bother trying other parts of the city.
Here in Burbank, $3000/mo for one bedroom now, North Hollywood over $2K and be ready for assault
Happy to see this...😊
I moved to a new apartment in the beach cities area in May 2020 for a decent-priced apartment and just in the last two months rents around here have risen by around $500. It's the worst I've ever seen it in the 18 years I've lived and rented here.
This was so interesting! Something similar seems to be happening here in New York as well.
How many available units are being taken up by people renting out the apartments short-term as Airbnbs
Some are, but not thaaat many because LA has a lot of restrictions on Airbnbs
I moved to OC in 2020 and rented a private bedroom and private bathroom in a friend's house for $850. Next month, I'm moving into a newly remodeled home. Same situation but at $960 a month. Don't rule out renting rooms in houses in SoCal. I can't afford a 1 br 1 bath apartment in OC or LA by myself. If I'm going to have roommates then at least I have a safe place to park, in-unit laundry and a garage to store stuff. I feel like this is a good way to save money so that 1 day I can own a townhouse.
I think the short term rental has also hurt the overall rental market, especially for one bedrooms. And the NIMBY attitude is terrible and makes it harder to build new stuff. I don't see that improving.
Also zoning policies forbid real estate investors to build small houses
$4.6K a month for a 1 bedroom apartment! The rent madness in the LA area is a big reason why I left SoCal last year and have no plans of ever coming back. I'm living happily in the other end of the state and paying half of that amount a month for a 3 bedroom house.
This was me in atlanta 🙃 it’s so hard to find an apartment
wow this is such an incredible video about the LA market, very interesting as im from England, Things are similar from people moving away from London into surrounding places and near the beaches e.t.c. Crazy times!
I was looking into living back in LA for about a year or two before I head out East, and I couldn’t believe the rent prices….the first thing I said to myself was “Is LA trying to catch up with NYC with these prices? 🥴”
LA Native. 60 some years. This is same throughout most places on west coast, if not entire US.
It’s very expensive to live alone. Find one or two roommates to share expenses. I can’t imagine you living in a place without a washer/dryer and dishwasher. Can renters in LA be evicted for non-payment of rent? If not, that’s why there’s no supply. Are people still getting unemployment $$ due to pandemic, that’s another cause for high prices.
Unemployment benefits ended two weeks ago…
@@MaximusTheChosenOne federal additional aid ended not unemployment
this is only HIGH end apartments, there are a MILLION apartments available if you're willing to be in a smaller studio or a small 1 bedroom that isn't retro remodeled so this is informative if you're only interested in a boujee apartment tbh
AND people who are moving out are people looking to buy a HOME which is completely different than the title of this video
There's actually a lot of nearby cities that are cheaper unless you want the LA luxury apartment experience then of course that comes with a price. I have been debating on whether to keep my studio condo in Ontario which is about 40 miles from LA as a rental or sell it but after hearing this I think I will hold on to it for a little bit.
I live in Santa Clarita, north of LA. It’s bad here too.
This is also the fallout from the failure to pass the rent control referendum on the ballot a couple of years ago. That REALLY hurt the LA market (but favored developers and property owners)
Rent control? Sounds pretty socialist to me, just need to build more or live with the high prices
@@Frank00 Hahahaha building more doesn't solve anything but to temporarily lower rents due to vacancies due to outright availability, which is what she noticed here. Lots of availability early in Pandemic so rents dropped significantly. They filled them and BOOM rents are higher than ever. Rent control for buildings up to year year 2000 would update the current 1970 and older law that would significantly stabilize many units built in the 70's-90's instead of being able to jump rents on a 30 year old unit to price out many renters. The current law went into place 30 years ago and I'm pretty sure we're still capitalist AF right now. Even a place built in 1995 is too unaffordable for the LA market because of the lack of rent control. It's creating even larger wealth gaps and exacerbating the homeless issue in LA and CA
@@utopianverve well all these cities with rent controls are really messed up. So it doesn’t seem like it’s working. Good luck
hahaha the tame impala instrumental at the beginning i love it