- Dec 1, 2015
- Reaction score
i'm in Los Angeles a lot (3 trips in the last 6 weeks). Like NYC & Miami, LA will always attract a huge number of foreign upwardly mobile people.Its not like the locals are buying these condos in the cities? Who actually can afford 700K-1,4M condo in the city with condo fees. These are rich and mostly upper class international groups of people.
I believe their are plenty of condos you just can't afford them. I believe this is what is pushing the city condo boom.
Thank more our tech boom + colleges
for attracting so many of our residents from foreign countries.