Brand new 2.65M condo units next door to me in Santa Monica. One immediately sold and I expect the rest to go as soon as all these paper millionaires in the nei

Brand new 2.65M condo units next door to me in Santa Monica. One immediately sold and I expect the rest to go as soon as all these paper millionaires in the neighborhood turn real. Venice has already turned into the most expensive rental market in LA [0] and it is dragging Santa Monica's prices up with it. I'm in a rent controlled apartment and I don't think I will move out of it at this rate unless I leave California entirely. 0 - http://www.laweekly.com/news/how-venice-became-the-most-expensive-neighborhood-in-los-angeles-7831779 http://www.laweekly.com/news/how-venice-became-the-most-expe...