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To Rent or Buy in LA
Good news for homeowners: the housing bubble won't burst anytime soon.
Bad news for homeowners: you won't see a penny of that equity you're building up, because no one will be able to afford to buy your house by the time you're ready to cash out for that quiet place in Idaho.
A report by the Building Industry Association (BIA/GLAV) and the Los Angeles County Economic Development Corporation (LAEDC) has blown the whistle on the dirty little secret of Southern California's skyrocketing housing market: it's pricing us right out of economic competitiveness with neighboring regions, increasing commuter traffic as residents head farther afield for a piece of the suburban dream, and creating a permanent renter class who will find themselves (and their ubiquitous room-mates) squeezing into ever more cramped apartments and homes.
The cause of this mess is no secret. LA is big (see pic), and getting bigger, with officials expecting 6 million new Angelenos to join our ever-swelling ranks by 2020. That means more traffic, longer lines at Whole Foods, and even higher housing prices.
Of course, if the Big One sends us tumbling into the Pacific, or Gray Davis returns to state-wide office, people will probably stay away. Otherwise, "California, here they come," by the SUV-full. We'd advocate pulling up the welcome mat and locking the door against the advancing hordes of carpet-baggers, but that strikes us as somewhat hypocritical.
Let's face it, we're not natives, either. Are you?
Southern California's Snow-Capped Mountains Are Beautiful. Here's Where To Maximize The View (And Snap A Great Picture)It's been many, many years since we saw this much snow in our mountains. Going up there right now isn't safe, but here are some places where you can enjoy the view and snap a pic.
April Valentine died at Centinela Hospital. Her daughter was born by emergency C-section. She'd gone into the pregnancy with a plan, knowing Black mothers like herself were at higher risk.
A look at years past when snows creeped into our citified neighborhoods, away from the mountains and foothills.
In the face of a drier future, that iconic piece of Americana is on its way out in Southern California.
Another Missing Hiker Has Been Found Dead In San Gabriels As Search For Actor Julian Sands ContinuesBob Gregory, 62, went missing the same day as Sands. His body was recovered near Mount Islip.