Downtown Los Angeles: Is it's revitalization redefining the way people look at Los Angeles? (rooftop, restaurant)

[Anonymous725]

Last time I was in Downtown LA was 2010 (Jan/Feb) has anything changed? I love the architecture and would if I could, move ASAP from Manhattan if I had the resources and the area was gentrified.

[NyWriterdude]

Originally Posted by jm1982

Yes there are a lot of issues for sure. Also it's a lot harder to live on min wage in L.A versus pretty much any city in America besides maybe SF or NYC.

The question is do the homeless/poor/ etc have a RIGHT to live in L.A if everyday middle class people many that went to college have to move because they can't afford L.A?

If you don't work anyways and/or are on welfare or Section 8, I don't see why one has a RIGHT to live in L.A?..

Also if one is "unemployed" and actually looking for a job..you can do a lot better than our over 9% unemployment rate.

Why does one view that stance as harsh, but it seems commonsense for a 'middle class' person to have to leave because they can't afford L.A?

Where in this country is going to be willing and able to take such a huge influx of poor people?

Btw, LA needs poor people. Someone has to do the minimum wage work and low skill work that's done in LA. Yes, those people do exist.

There's also the issue of the state and federal courts which so far are not allowing a mass kick out of people from Skid Row. In all likeliness Skid Row will be preventing the full gentrification of Downtown Los Angeles for a very long time.

Every city and even small towns have good areas and bad area. Skid Row is one of LA's bad areas. If you move those people out of there to another area, it will become a bad area.

They demolished the housing projects in Chicago. How did that work out? The areas they settled in became ghettoes as the people continued their bad habits.

[Nafster]

Originally Posted by Anonymous725

Last time I was in Downtown LA was 2010 (Jan/Feb) has anything changed? I love the architecture and would if I could, move ASAP from Manhattan if I had the resources and the area was gentrified.

It has changed a whole lot.

While I don't think the architecture is great at all, a lot of new restaurants and bars have opened up. It's a truly unique new neighborhood in Los Angeles with it's own identity. The BEST place for foodies in LA is downtown, it has the best places for craft drinks, and is the least touristy and is a great place to meet people. It's 100% walkable, livable, and many people who live there ever leave because EVERYTHING is at their fingertips.

While it's isolated if you want to go to West LA, people love it there just fine. I have many friends who live in great condos there for much cheaper and they are beautiful.

There's hype about DTLA for a reason.

[Gurbie]

Another big beaux arts revitalization project for South Broadway. The 1908 May Co building at Broadway/8th has been sold, and will be transformed into mixed retail/residential:

LA Times

[Anonymous725]

Originally Posted by Nafster

It has changed a whole lot.

While I don't think the architecture is great at all, a lot of new restaurants and bars have opened up. It's a truly unique new neighborhood in Los Angeles with it's own identity. The BEST place for foodies in LA is downtown, it has the best places for craft drinks, and is the least touristy and is a great place to meet people. It's 100% walkable, livable, and many people who live there ever leave because EVERYTHING is at their fingertips.

While it's isolated if you want to go to West LA, people love it there just fine. I have many friends who live in great condos there for much cheaper and they are beautiful.

There's hype about DTLA for a reason.

If you work from home, do you require a car in DTLA? I know in every part of LA you require a car, except for maybe Santa Monica.

Last time I was there, I was a kid and my parents had a car.

[Joe Van Fossen]

Originally Posted by Anonymous725

If you work from home, do you require a car in DTLA? I know in every part of LA you require a car, except for maybe Santa Monica.

Last time I was there, I was a kid and my parents had a car.

You could get by in DTLA without a car, especially if you work from home. It may be harder if you have an active social life and friends outside of the downtown area.

[NyWriterdude]

Originally Posted by Joe Van Fossen

You could get by in DTLA without a car, especially if you work from home. It may be harder if you have an active social life and friends outside of the downtown area.

Even working from home there's issues like going to the doctor or dentist, going grocery shopping, or doing other things that may eventually require you to have a car. Those things are doable without a car, but they may or may not be convenient depending on where you have to go.

[Joe Van Fossen]

Agreed. It just really depends on where you live downtown. If you live at the market lofts, for example, you're living above a large ralphs and within a few blocks of the blue line. If you live in Santee Village, you're considerably further from a metro station and grocery store. Compared to most places in LA, though, it's probably easier to get by in downtown without a car--if you had to.

[Breaking_Good]

Hey Joe;

Since you are active in the market...would you be a net seller TODAY of a downtown LA loft/condo or would you continue to hold (assuming you bought 10 years ago) and already had a decent amount of equity built up?

Very limited supply today....probably more coming in the next few years. Some of those apartments under development are bound to go condo.

[Joe Van Fossen]

Yeah, the supply is definitely limited and there's a lot of development currently going on--and slated for the future. Personally, if I had no other reason to move besides built up equity, I'd stay. I don't see prices going down anytime soon.