There are currently 224 homes for sale in Venice Beach.
A few places squeak by in the 600k range, but most are asking over a million. I’m no expert, but on a million dollar house with 30% down and a 30 year loan at 4.75% with an assumed 1.25% property tax … yer looking at monthly payments of $4,693.20. At the pay off date in March of 2041, $614,551.29 in interest will have been paid along with $375k in taxes. Bi-weekly payments of $2,346.60 would save about 109k in interest and get you paid off in 2036.
Assuming a conservative housing payment-to-income ratio of 25%, I suggest none of you start a blog.
