Buying Long Beach Homes or Condos vs Long Beach Rentals

Downtown Long Beach Condos

Do YOU Need a Good Reason to Buy Now?

The Camden Harbor View Apartments in Downtown Long Beach, a newer and beautiful large, high rise, rental apartment complex located at 300 West Ocean Blvd, are raising their rents.  Are you ready for this?  A client of mine, who currently resides at the Camden, just received an increase notice of approximately 15% on an existing rent of about $2000, that is an about $300 per month rent increase.  But wait, there’s more;  he is told that he may continue his residency on a month-to-month basis for the amount of………..are you ready for this?…………..are you sure?………………about $4,200.00 per month.  Ya gotta be kidding, what is that about a 110% increase!?!

Oh, but this gets better.  I searched Google for the Camden Harbor View Apartments, it was quite an interesting trip.  ApartmentRatings.com has reviews from many of the residents of the Camden; they are very open and very vocal.  If what they say is correct the Camden apparently thinks tenants want to pay high rents to be abused by a terrible staff who doesn’t cater to the needs of its residents. 

I have an ocean front Alamitos Beach condo listing for sale, 3 bedroom 2 bath, in a gorgeous building that won’t cost you much more than that a month to purchase with a fair sized down payment. 

Want a real bargain?  How about these 2 Downtown Long Beach Condos, Short Sales coming onto the market that are both great and priced incredibly at $260,000 each.  At 100% financing the principal and interest payment would be about $1650 per month, plus HOA, tax and insurance, but you would own it and be able to sell it presumably at a profit at some time in the future. 

Another fabulous buy; a lovely Wrigley Heights Home, perfect for a first time home buyer, also a short sale, in great condition, which will be on the market in the next week or so for $399,000, at 100% financing the principal and interest would be about $2500. 

Do you think that you cannot afford to buy? 

Posted on November 8, 2007 by Laurie Manny