Owning a home in LA is like investing in microsoft stock in the 90's. Now that it's so inflated, you don't want it to go down. More houses = less value to your

Owning a home in LA is like investing in microsoft stock in the 90's. Now that it's so inflated, you don't want it to go down. More houses = less value to your house. When people are looking at having to lose a quarter million or more they're the ones showing up and running the city council.