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News, Arts, Entertainment & More for Long Beach, Huntington Beach, and Costa Mesa
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DOWNTOWN L.A. CONDO SLUMP: PREVIEW OF COMING ATTRACTIONS?

Started by districtweekly · 3 months ago

This isn’t about Long Beach, but it’s interesting.
Seems the long-hyped condominium boom in downtown Los Angeles is over, at least for now–the boom is off the rose, you might say (though, clearly, I never would). But the top story on the Los Angele ... Continue reading »

2 comments

  • lbresident

    8 months ago

    I think the condo market in LB will struggle along with the entire real estate market. But downtown LA has much bigger challenges than LB. For example, LB is cleaner, nicer, already has some restaraunts and nightlife and has a beach. We've also got less of a homeless problem. We'd like a cleaner beach,less homeless, and we'd like more retail, but we're miles ahead of downtown LA.
    reply
  • Jonathan

    8 months ago

    That doom and gloom L.A. Times article was such a joke. Where are these vacancies and depressed condo owners they talk about? I live in a downtown condo in South Park, our property prices are fine, I haven't noticed any huge dips in condos at all, or rises in condos for sale in our building or the neighboring buildings. Furthermore, nobody wants to leave their condos for the 'burbs. We came here for a reason -- we believe in downtown and it's a heck of a lot more exciting than some boring suburb with lousy, crappy houses selling for $600,000 still. I'll take my half-million-dollar condo near Staples thank you very much! We have the most exciting, culturally relevant developments down here and this is going to be the most vibrant neighborhood in Los Angeles and the best downtown on the West Coast. That's not the hype, that's the reality. We have new bars and restaurants opening monthly, and while condo construction has slowed, we are still experiencing more growth here than anywhere else in Los Angeles! The article even pointed that out, almost as a side note, that downtown has grown at a 20% clip over the last 8 years or so! That's remarkable numbers. Downtown is very much alive and well, and it's a great place to live. I don't even work here and I chose to live here.
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