"$100 million sale of the Playboy Mansion Cements Holmby Hills' Claim To Being One The Most Expensive Places To Live"

Los Angeles enters a new era as a global city, with home demand and prices to match

John Chimon Photography

It's August, and as Cole Porter once mentioned in a song, “It's Too Darn Hot!” And along with the thermometer, real estate values in the City of Angels continue to stay high, despite the typical late summer slowdown we're experiencing.

Housing inventories are close to historic lows, and prices are at historic highs, so the hot conversation this month is: When will the market take a dive? There are differing opinions on when or if that will happen. Here's my take on it.

Ever since I moved to Los Angeles in 1988, the folks in the know have been saying that L.A. would be the "next big thing". Meaning globally. We have a setting of incredible natural beauty, a vibrant art and culture scene, a strong business community and of course the best weather in the world. But somehow the city has lacked a unified identity and vision; residents have thought of themselves more as being from Culver City or Encino or Beverly HIlls or Burbank or Santa Monica or Venice or West Hollywood, than of being from Los Angeles. A collection of suburbs in search of a city.


Views: 43


You need to be a member of Rancho Park Online to add comments!

Join Rancho Park Online

Got membership?

Rancho Park Online serves the neighborhood of Rancho Park, nestled between Cheviot Hills and Sawtelle, Palms and Westwood.

Want the latest news about Rancho Park, join now!


Membership has its privileges!

• Got news you think everyone should know? Blog it.
• Have a show or attending a benefit? Put it on the calendar.
• Got video of the big game? Embed it.
• Photos of the new storefront or the school play? Upload them.

© 2019   Created by Rancho Park Online.   Powered by

Badges  |  Report an Issue  |  Terms of Service