No doubt, we live in one of the Hottest real estate markets in the country...and I don't just mean weather-wise...although it has been a scorching summer. The Top Ten Reasons are further supported by foreign investors who feel the U.S. & especially Los Angeles is a safe place to invest their money. Los Angeles is the top city for Real Estate searches in the world. With every one person who leaves this transitional haven, 15 more are ready to arrive which is keeping developers busy building homes for our growing population. I just wish there was a way to reduce the absurd amount of cars around :) And then we couldn't call it LA, right? Another fact to consider is that all the buyers in the market are either putting down large down payments or paying all cash which means (most) buyers are not over-leveraging themselves (the main reason for our past problems). With that said the Fed has proven they can stop the train with one sudden increase in interest rates. So although this frenzy can't go on forever let's enjoy the ride while we're on it. Have a great week.
I admit. In my wreckless college years @ Boston University I was an LA hater. Just like most born and raised on the East Coast. For some reason the East Coast feels an almost divine right to rag on the West. I was one of those guys who loved to point out that LA 'doesn't make sense!' How can a place have the same weather (no matter how splendid) all year round? If you don't have the 4 seasons it's not real. Right? Wrong. Almost 12 years ago the Fates decided to mess with my east cost ideals big time. An incredible wedding at Union Station (where I also watched Derek Jeter make the greatest play of all time), the smell of Eucalyptus & orange trees from Venice to the Hollywood HIlls, taco trucks, burger stands &...Osteria Angelini gave me reason enough to see LA for what it is really worth. A colorful town full of more culture & diversity than most cities; a city of risk takers, movers & shakers; and a city oozing with creative energy around every corner; ocean, desert & mountains; gorgeous canyon roads and vistas as far as the eye can see. Sometimes even now 12 years later when I stop along a ridge in Runyon Canyon to take on 180 degree views from Downtown to Catalina or when I show hillside properties in the twilight hours with similar views I pinch myself. I see before me the very reason why it's called "The City of Angels." I was clueless. No other way to put it. I now realize that my opinions were reinforced by a useless bandwagon effect. Besides how can I ever berate the city that wedded me to my wife & gave us our daughter?!? Ok, Ok I sing a different tune In rush hour traffic on the 405 :) In my 10th year as a realtor right in the heart of Sunset Plaza, after helping countless clients relocate from the East Coast, I can accurately say that the 2 coasts are more dependent on one another than they would like to admit. Our relationship spreads the gamut of finance, fashion, food, entertainment, education, recreation & tourism. Just think about how many people consider themselves "bi-coastal."
In my 10th year as a realtor in this city I may not be able to write as passionately and as fervently about Los Angeles & its architectural movement as Esther McCoy did; and I may not be able to depict it as colorfully as Ruscha or capture it as Richard Schulman did in his illustrious photographs but I promise to help you buy, sell & discover LA one neighborhood at a time without "jumbling" the message.
All the best-