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There's something super amusing about some of the stuff they describe in the article, along with the diagram of the public transportation options. What they don
by wjossey 8y ago
There's something super amusing about some of the stuff they describe in the article, along with the diagram of the public transportation options. What they don't mention is that everyone who lives in that building almost certainly would drive to work- Because, Los Angeles. Those units will be near a new subway line that will be completed in the next five years (but they'd still have to bank on their office being on that line).
I also don't tend to find a lot of new condo developments in this area that are for sale. They all seem to be rented by the builder. My presumption being that credit continues to be so cheap, they can afford the slow burn down from rents, since thye're not getting crushed by the interest payment. But, I'm not a landlord, so I don't know for sure.