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


To: tejek who wrote (174029)12/29/2008 3:49:59 AM
From: energyplayRespond to of 306849
 
Re: North Hollywood - I should have said partially gentrified.

en.wikipedia.org

I don't live in LA, but Silicon Valley. Silicon Valley is getting older demographically, and the cost of doing business has crowded out many industries ,including much of the defense industry, semiconductor manufaturing, electronic hardware, some biotech and even some of the R&D activities.

I expect that LA will become even more of a center for innovation. It is also much larger than Silicon Valley, and I expect it will be more interesting in the future.

LA downtown will take several more years to reach a critical mass and really take off. Four dollar gasoline could accelerate this, as could a stronger police presence downtown.

One big plus for Los Angeles is the willingness of the residents to re-invent themselves, and do something different when Plan A doesn't work.