Banking Analyst relocating to LA-looking for another roomie to split a 2 bed

Based on previous WSO threads, here are some tips and insights for finding a roommate and a suitable apartment in Los Angeles:

1. Preferred Areas:

   • Santa Monica (SM): Popular but can be pricey.
   • Downtown LA (DTLA): Convenient for your work location.
   • Brentwood: High cost, but desirable.
   • East LA: New builds and more affordable options.

2. Commute Considerations:

   • Traffic in LA can be a significant factor, so consider areas with good public transport links or manageable driving distances to downtown.

3. Budgeting:

   • Be prepared for high rental costs. For example, homes in areas like Manhattan Beach or Brentwood can be extremely expensive, with average home prices around $2.2M to $2.4M.

4. Finding a Roommate:

   • Utilize forums like Wall Street Oasis to connect with potential roommates.
   • Clearly state your budget, preferred areas, and any other preferences to find a compatible roommate.

5. General Advice:

   • Don't rush into signing a lease. Take your time to find a good deal.
   • Consider flatshares to reduce costs. Studios can be expensive and not always the best value for money.

If you need more specific advice or have further questions, feel free to ask!

Sources: IB analysts Chicago rent, The future of LA, 2017 FT Roommate Thread, London Rent / Living Arrangements 2019, NYC Analyst Housing Meltdown