Reply #4: Cost of Living Report [View All]

[rwenos]

Even with the real estate bust, the 3-bedroom 2-bath house suburban tract house I live in (rent), 2 miles from the beach, in an LA suburb, built in 1954, was most recently listed for sale at $695,000. The lady rented it instead of selling it, since it had just gone down $50,000 in value.

One guy in the neighborhood has lived here since the houses were built. He paid $8,000 for his.