Xyla Foxlin Lab Eviction

[EEVblog]

She's not at Fran levels yet until they literally demolish the building around her.

[Smokey]

...we don't know the exact circumstances in this case, but given this is California we can assume this is likely the consequence of prop19.  Not being able to pass on the existing property tax rate from parent to child at the time of death of the parent is forcing a lot of people to sell a family house when they previously would have continued renting it out.

Note:  It's interesting that the main proponent of Prop19 was.... Reators.. who profit most from this turnover.

[EEVblog]

...we don't know the exact circumstances in this case

She said the owner died and the family is selling the house. Very common when the kids just want the money, e.g for a deposit on their own house somewhere else.

Also, does Xyla (or mods) delete comments? I left two comments and they both vanished within minutes 

[nctnico]

Bottom line: don't put much effort into a place you rent unless you have a long term contract that goes on beyond the owner selling a property.

[EEVblog]

Bottom line: don't put much effort into a place you rent unless you have a long term contract that goes on beyond the owner selling a property.

In Fran's case that long lease didn't help at all, they booted her out anyway, more than once.
But yeah, don't put any effort into a place you don't own.
I do wonder is she's in the same posiiton as Fran in not being able to get a loan being a Youtuber? She did mention in the video that the place was way over the estimate, so maybe she was considering buying it, but she has said she's already found another place to rent, so 
This will unfortunately be FranLab all over again.

[SiliconWizard]

Yes - that's something you can definitely expect when your landlord is old.
I would expect it to be indeed more difficult to get a loan as a Youtuber, unless you've built a solid business outside of just YT and social media.

[bdunham7]

I do wonder is she's in the same posiiton as Fran in not being able to get a loan being a Youtuber?

IDK about lenders and sources of income nowadays, but the real problem for people who rent but would like to buy is the price.  CA real estate is on fire (sometimes quite literally) and the most egregious insanity is at the lower end.

Here's a small crappy house that you can buy for under $1M in where I'm guessing her neighborhood is (Inglewood, right under the approaches to LAX).  For a 'standard' loan, you'll need $150K down and your payments will be probably about $5K/mo PITI (principal+interest+taxes+insurance).  That's for 30 years.

https://www.zillow.com/homedetails/224-W-Plymouth-St-Inglewood-CA-90302/20333731_zpid/?

Now here is a similar house that you can rent in approximately the same area for $2.8k/mo.

https://www.zillow.com/homedetails/947-S-Oak-St-Inglewood-CA-90301/20337776_zpid/

Her home might be a bit nicer, and if it is in one of the better neighborhoods around there the price could easily be $2M. Since the person was 99 years old, their taxes would be very low and possibly the rent as well. 

The Prop 19 tweaks to the property tax laws maybe move the needle sometimes on rentals, but I'm not  a huge fan of the property tax basis being inheritable anyway.  Not taxing old folks out of their homes is one thing, having their ne'er do well offspring inheriting that privilege is another.  However, when an elderly person dies and leaves their home to their adult children that may have moved away or at least have their own homes, the choice is to keep on collecting a few thousand dollars of rent and deal with all the headaches of being a landlord--or pocket a million dollars or so, tax free.  Hmmm, let me think....

[coppice]

I do wonder is she's in the same posiiton as Fran in not being able to get a loan being a Youtuber?

It a while since I looked at one of her videos, but she did have an engineering job.

[EEVblog]

I do wonder is she's in the same posiiton as Fran in not being able to get a loan being a Youtuber?

IDK about lenders and sources of income nowadays, but the real problem for people who rent but would like to buy is the price.

I looked for 2000sqft places min with a garage under $500k
No shortage of them if you move out central LA.
She is currently near LA airport.

[EEVblog]

I do wonder is she's in the same posiiton as Fran in not being able to get a loan being a Youtuber?

It a while since I looked at one of her videos, but she did have an engineering job.

I just assumed she is full time based on the projects she does, but I don't really know, don't follow her content that closely.

[nctnico]

I do wonder is she's in the same posiiton as Fran in not being able to get a loan being a Youtuber?

IDK about lenders and sources of income nowadays, but the real problem for people who rent but would like to buy is the price.

I looked for 2000sqft places min with a garage under $500k
No shortage of them if you move out central LA.

That is basically moving into the desert. LA traffic sucks really bad (been there, done that) and public transport is non-existent.

[SiliconWizard]

I do wonder is she's in the same posiiton as Fran in not being able to get a loan being a Youtuber?

It a while since I looked at one of her videos, but she did have an engineering job.

I just assumed she is full time based on the projects she does, but I don't really know, don't follow her content that closely.

I have looked out of curiosity, and her YT activity is her main job. She otherwise is head of a non-profit org, I have no clue if she gets a salary from it or not, but probably nothing much if it's the case. She doesn't have another engineering job that I could see. She sometimes gets orders for making specific equipment, such as what she did for Veritasium, but you can consider this part of her "YT" business.

[bdunham7]

I looked for 2000sqft places min with a garage under $500k
No shortage of them if you move out central LA.

Assuming you don't want or need to be anywhere near LA (or civilization in general), yes High Desert cities like Victorville are half-price.  But that's a pretty large relocation, more then being out of 'central LA'.  Its a 100 mile plus drive that takes 4 hours during busy times.  You might as well move to Las Vegas.  Or Ohio. 

[EEVblog]

Previous move video is here:

[EEVblog]

Epic, $345k with 1750 sq ft daylight basement
Yeah, 100km out of LA, but who'd want to be in LA anyway?
https://www.zillow.com/homedetails/1020-Snowbird-Dr-Frazier-Park-CA-93225/18971086_zpid/

No shortage of houses with a garage in San Burnadino way under $500k.

[abeyer]

Yeah, 100km out of LA, but who'd want to be in LA anyway?

I dunno, maybe someone who'd already chosen to live in LA? 

[bdunham7]

Epic, $345k with 1750 sq ft daylight basement
Yeah, 100km out of LA, but who'd want to be in LA anyway?
https://www.zillow.com/homedetails/1020-Snowbird-Dr-Frazier-Park-CA-93225/18971086_zpid/

You definitely won't be in LA often if you live there.  It's a mile high up on the north side of the snowy mountains, 85 miles or 2 to three hours drive to downtown LA if the roads aren't closed.  4WD with chains is pretty standard, snow shovelling will be your hobby 4 months of the year.  If you're a Youtuber that wants nice weather and abundant social connections, it's pretty much hell.  I wouldn't mind it myself, though.  Real estate is 1) location, 2) location, and 3)location...right? 

[EEVblog]

Epic, $345k with 1750 sq ft daylight basement
Yeah, 100km out of LA, but who'd want to be in LA anyway?
https://www.zillow.com/homedetails/1020-Snowbird-Dr-Frazier-Park-CA-93225/18971086_zpid/

You definitely won't be in LA often if you live there. 

That's the point 

[EEVblog]

Real estate is 1) location, 2) location, and 3)location...right?

Depends on your needs and lifestyle.
If her lifestyle choice is based around downtown LA and LAX airport where she presumably houses the plane she owns, then she's going to be renting forever.

It's like saying you want to live on the Sydney north shore near a beach. Only way you are buying there is to either inheret a place, or have bought bitcoin at $10.

[IanB]

No, you wouldn't house a private plane at LAX. There are many smaller airports and airfields in the vicinity for general aviation though.

The trouble is, that those places with cheaper housing are very isolated. If you want to drive west/south towards the coastal areas you will be spending hours sitting in traffic jams. You can only practically live there if you work from home. On the other hand, for a content creator it could work out.

[bdunham7]

If her lifestyle choice is based around downtown LA and LAX airport where she presumably houses the plane she owns, then she's going to be renting forever.

It's like saying you want to live on the Sydney north shore near a beach. Only way you are buying there is to either inheret a place, or have bought bitcoin at $10.

Her plane is likely at somewhere like Hawthorne, flying a Cessna 140 out of LAX would be nearly unthinkable. 

Of course she isn't expecting to buy a house in Manhattan Beach or Bel Air, but the places you're finding would be like me (after consulting Google maps) proposing you move to Dubbo or Wagga Wagga.  I've no idea how that would work for you or Mrs. EEVBlog, but I'm suspecting it's not an option. 

[EEVblog]

Her plane is likely at somewhere like Hawthorne, flying a Cessna 140 out of LAX would be nearly unthinkable. 

Yes, of course, but she did mentioned she lived near LAX.

Of course she isn't expecting to buy a house in Manhattan Beach or Bel Air, but the places you're finding would be like me (after consulting Google maps) proposing you move to Dubbo or Wagga Wagga.  I've no idea how that would work for you or Mrs. EEVBlog, but I'm suspecting it's not an option.

Hardly. Dubbo is 6 hours drive.
Somewhere like San Bernardino I pointed out is about 80km from downtown LA.
For sure you have to look at neighborhoods and a host of other factors, but her options must be very limited for some reason (maybe not by choice?) if she can't find a house to buy.
I'd be stunned if she can't buy a house for $500k

Fran for example refuses to even consider anything outside of certain areas of downtown Philly, which makes it impossible for her to buy a place unfortunately. I do hope that's not the case for Xyla and she does consider looking for a place to buy. She did mention looking at the option to buy in the video, so I'm presuming that she can actually get a loan unlike Fran who is stuck in mortgage elegibility hell.

[IanB]

Hardly. Dubbo is 6 hours drive.
Somewhere like San Bernardino I pointed out is about 80km from downtown LA.

I think you picked out some houses in Hesperia, which is a bit further out. But in daytime hours, the drive to LA from San Bernadino or surrounding areas could easily be 3 hours if you include the local journeys to and from the freeway. All the freeways around there have traffic moving at a slow crawl or at a standstill during busy periods. The lower house prices reflect the difficulty of commuting from those communities. And the traffic reflects the fact that so many people have moved out in that direction and try to commute back.

[SiliconWizard]

Real estate is 1) location, 2) location, and 3)location...right?

Depends on your needs and lifestyle.
If her lifestyle choice is based around downtown LA and LAX airport where she presumably houses the plane she owns, then she's going to be renting forever.

Yes, it's kinda always the same point. Same as with Fran. The location.
I'm sure she can find smaller airports further away. But sure, it won't be LAX.

[Smokey]

I've known a few pilots in the area.  They say Hawthorn is sort of a nightmare because of LAX's flight path.
I would bet she flys out of Torrance Airport if her plane is actually in the south bay. 
https://en.wikipedia.org/wiki/Zamperini_Field