> It's crazy because all new homes and apartments are "luxury apartments" with insanely high pricing both for buying and renting. They're mostly empty or are (o

> It's crazy because all new homes and apartments are "luxury apartments" with insanely high pricing both for buying and renting. They're mostly empty or are (often illegally) rented out as holiday apartments. You'd feel at home in LA. I've seen this trend here for at least a decade now. I know some people who say that the construction of these luxury apartments is a sign that the economy is recovering, but I remain skeptical. These places are the least lived-in looking apartment complexes I've ever seen in my life. There's one down the street from where I live that was completed around 5 years ago, and I would bet good money that most of it is vacant. I rarely see people going to and from it, besides the occasional few who visit the burger bar right in front of it. Too many of the balconies look sterile. I don't know why so many of these are being built outside of LA proper, but I have a theory for why there are these massive complexes being built; the rich have spoiled children they no longer want to deal with so mommy and daddy pay for these apartments to house them. I used to deliver food to these places and, without fail, I was delivering to men and women who appeared way too young to afford such places.