If You Want to Save Money, Live in a Garage (of Awesomeness)

6 Jun

Most Angelenos cringe when they have to admit to family and friends who live outside of Los Angeles how much they pay in rent. Or at least, family and friends cringe on our behalf. Los Angeles housing is expensive.

Our first home was not cheap. Yet, we don’t regret living there, because for our priorities a year ago (a one bedroom place with a yard and dog door in the Silverlake neighborhood of LA) it was a really good deal and a perfect start for us. We even talked the landlord down $350 per month at signing.

When we made the decision to move to Buenos Aires, we knew we would need to move out as soon as the lease was up. We need as much financial cushion as possible until Maggie lands a decent job. So, this weekend we packed up and moved out of our home in Silverlake for cheaper rent as sub-tenants in Pasadena at the “Garage of Awesomeness.”

Living in the Garage of Awesomeness is saving us a good chunk of change. And yes, for a garage apartment the rent is still a bit outrageous to non-Angelenos.

BEFORE: $1650/month – One bedroom, stand-alone house in Silverlake
Add onto that normal utilities and internet and we were paying close to $1900 in basic home costs.

NOW: $775/month – studio Garage of Awesomeness
All bills are included, even cable TV, which we haven’t had before!

We’re saving an extra $900 or more per month for the next three months! That should afford us close to 6 months of rent in Buenos Aires if all goes to plan.

4 Responses to “If You Want to Save Money, Live in a Garage (of Awesomeness)”

  1. James Mariam June 6, 2011 at 11:51 am #

    Pasadena is awesomer than Silverlake! Plus your post has a typo!

    • Stephen June 6, 2011 at 11:56 am #

      Pasadena is a tame version of awesome, and Silverlake is a hip version of awesome. ;)

  2. Lydia Mariam June 6, 2011 at 6:24 pm #

    Hey Stephen and Maggie! Glad the garage of awesomeness worked out for ya. Enjoy the cable TV while you can!!! Also I heart Katie Sherman :-)

  3. Mike Smith September 10, 2011 at 3:22 pm #

    U all sure know how to think, stretch a dollar & make lemonade out of lemons…I LOVE IT.

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