I am a Realtor about 40 miles from Los Banos. Like most towns in the central Valley it's all farming and hot in the summer. There is a large inventory of homes ready to buy and moe in ready. The prices have droppd and there are some great bargins!! The best thing about Los Banos is that it's just a little over 1 hour from the Monterey coast
It would always depends on your preference... What are you looking for? is it the location because it is close to your work, or are you looking for a good school close by... a lot of factors to consider only you could determine. It always boils down to your needs and purpose of the purchase.