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March 19, 2006
I Love Los Angeles
The things that make Los Angeles attractive also create demand for housing. That, in turn, pushes up housing prices.
Sure LA would be better with less smog (even though we have far, far less than we did 25 years ago. It would be better with less traffic, less crime, and fewer homeless. I'm sure we would be pleased if housing were less expensive, and water more plentiful. But guess what, if all of those things were true, you wouldn't be able to count the constant influx of people who would be driving housing prices up, adding to congestion and smog, etc.
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Posted on March 19, 2006 05:42 AM by House 78.
Filed in Mortgage Calculator under housing prices.
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