Real Homes of Genius: Los Angeles addition with the return of garbage can photography. 572 square feet and the power of gentrification-hipsterfication.
doctorhousingbubble.com / April 12, 2017
Who doesn’t love a great sequel? The housing market is blistering hot and people are itching to get a taste of the hot porridge served right from an upgraded stainless steel stove. You all know the story of Icarus and the perils of flying too close to the sun. Well there is also a story about getting too deep into the crap shack Kool-Aid pool. This is now a mania. I have a fairly good sense of Southern California living in multiple parts and making it my job to understand various markets by actually visiting open houses in wealthy areas and gentrifying markets as realtors would like to say. Most people like staying in their confined bubbles and really don’t venture out. So once again, we see astronomical prices decoupled from actual value. Today we take a trip into the heart of Los Angeles.
A market in gentrification mode?
L.A. County is massive with 10 million residents spread across wonderfully designed urban sprawl. Things are so well planned that traffic can cause your eyes to bleed and road rage is nearly a guarantee once per day. Prices have gotten so expensive that L.A. County is now the least affordable markets to rent in (this is based on income relative to local rents).
The post Real Homes of Genius: Los Angeles addition with the return of garbage can photography. 572 square feet and the power of gentrification-hipsterfication. appeared first on Silver For The People.
Source: http://silveristhenew.com/2017/04/13/real-homes-of-genius-los-angeles-addition-with-the-return-of-garbage-can-photography-572-square-feet-and-the-power-of-gentrification-hipsterfication/
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