Same problem in LA. If you’re trying to rent an apartment you’re screwed. If you’re trying to buy a house you’re really screwed. It’s not all Chinese money b

Same problem in LA. If you’re trying to rent an apartment you’re screwed. If you’re trying to buy a house you’re really screwed. It’s not all Chinese money but it’s a lot of foreign and local investors. I can see investors being important for building or upgrading condos and apartments, but investors being able to buy so many single family homes and “flip” them just makes the whole Norman Rockwell picket fence thing seem pretty unattainable. With the new football stadium going in there are “rundown” areas getting “gentrified” and it’s crazy to see one renovated 2 bedroom house in Baldwin Hills sell for $900k and be on a street with sales from the two years prior in the 200-300k range. [1] [1]: a 200k house in LA is a shithole