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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: TH who wrote (173620)	12/26/2008 1:48:02 AM
From: tejek	Read Replies (1) \| Respond to of 306849

I really like a work/live loft in Newport Beach as well as couple that are similar in Venice Beach. I must admit, I didn't love Venice the few times I've been there, but after automotive I'm going to run a little art business and that might be a good area to set up shop. I use to rollerblade on the boardwalk in VB but stopped. Nothing bad happened to me but there's always the feel of violence in VB.......more based on instinct rather than fact although there is considerable gang violence and the clashing of two classes: the poor and the upper middle class. As for your art business, you want to find the latest street/neighborhood that's gentrifying. When I left it was La Brea........I bet now its probably Pico Blvd. and maybe even downtown. Everything moves faster in LA including gentrification. If you find a neighborhood/street that has what it takes and then actually see something happening, you might want to buy some property. If your instincts are good, you can make some good money in a relatively short period of time by turning over the property. A normal US year =s 1 month in LA. ;-)