Quote:
Originally Posted by Hankphenom
I thought L.A. was supposed to be in the toilet--I've seen the pictures of the homeless encampments, why would anyone want to live THERE? I thought everyone was supposed to be moving to Nevada, Utah, Texas, Arizona, etc.. Seems like you could do pretty well selling your 900K cottage and getting the same house for half that just a state or two away, leaving a big pot of cash to spend on cards or anything else. And what about the "wealth effect" that would have people splurging because their stocks, houses, crypto, cards, etc., have gone through the roof? As with the political scene, there seem to be some disconnects going on that I don't understand.
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The reason prices are so high is that more people want to live here than not because Los Angeles is one of the great destination cities of the world. The population is staying in droves. Otherwise, the free market would depress prices.
i don't know what propaganda you are reading about L.A. but clearly whoever is spewing it has an agenda and facts be damned. The City of Los Angeles is over 500 square miles. For comparison, Manhattan is 23 square miles and 13 miles in length, and the state of Rhode Island is 1214 square miles. The skid row homeless encampments that all of the people shit-posting L.A. focus on is a small area about 20 miles from where I live. In other words, nearly two Manhattans away, and with a mountain range between us and them. As for moving to a cheaper state, uhh, no thanks. They do not offer the vibrant lifestyle, magnificent weather, and diversity that we have here. And no beaches inland.