If you're thinking of relocating to Los Angeles, think again. There are a lot of reasons why this city isn't the most ideal for retirement.
According to Realtor, Los Angeles isn't necessarily the best choice because this city is not well-known when it comes to people paying off mortgages within the shortest amount of time as possible. If this is your main goal, then you have three options in the U.S., namely, Cleveland, Columbus and Cincinnati.
Meanwhile, another reason why Los Angeles isn't necessarily the best place for relocation and retirement is because California is ranked sixth among 10 cities where it will take you forever to pay your mortgages. More specifically, the difference between L.A. and Cleveland in terms of years are roughly around 24 years.
"It will take you approximately 29.4 years to pay off a mortgage in Los Angeles, compared to only 5.4 years in Cleveland. Sorry L.A., we hear you're great, but most of us will never make enough money to afford a Hollywood home," Elle Décor reported.
In other news, one of the downsides for home ownership in Cleveland is the fact that they still don't have their own IKEA store. This means that buying furniture and other stuff for the home will be quite a challenge. If there are any options available, it's possible that they are not of the same best quality as with IKEA's products.
Meanwhile, here's a rundown of the best cities in the United States that are most ideal for home ownership. Second to Cleveland, Ohio is Rochester, New York, Pittsburgh, Pennsylvania, Buffalo, New York, Columbus, Ohio, St. Louis, Missouri, Indianapolis, Indiana, Cincinnati, Ohio, Detroit, Michigan and Kansas City, Missouri.
The worst cities for mortgages include San Jose, San Franciso and San Diego, California, Denver, Colorado, Miami, Florida, Portland, Oregon, Riverside, California, Sacramento, California and Austin, Texas.
