From today's L.A. Times comes this editorial about the current housing crisis, 10 points to keep in mind about housing affordability in California. The writer is Mike Gatto, who was a CA assemblyman for several terms. Click here for the article. My favorite sentence: While having a roof over your head is a human right, being hip is not.
I would add this one thing: Developers build where they build in order to make a profit. That's why they build/flip expensive stuff -- because there is more money to be made. Could California come up with a way for developers to make a profit in less expensive areas without cutting corners? I don't think it's a matter of zoning as much as it is a matter of profit. Thoughts?
Photo courtesy of L.A. Times.
Judy Graff's sublime-to-the-ridiculous (well, mostly ridiculous) take on real estate for east San Fernando Valley and North Los Angeles communities. This includes Hollywood Hills, Burbank, Studio City and Toluca Lake real estate and homes for sale, and also covers Valley Village, North Hollywood, Glendale, Atwater, Highland Park, Silverlake, Sherman Oaks and other L.A. areas too. General news and musings as well.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment