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Old 05-16-2018, 10:29 PM
 
1 posts, read 578 times
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I was born and raised in Manhattan Beach and it seems that all my high school friends are ether moving inland towards the San Fernando Valley or move out of state. Is there some sort of hyper gentrification going on? When people think of gentrification they think of wealthy people pushing out lower income people however it seems that in California, upper class people are being priced out by even richer wealthier people which makes coastal cities 95% transplants and 5% natives
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Old 05-16-2018, 10:36 PM
 
Location: NNV
2,201 posts, read 1,375,915 times
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Quote:
Originally Posted by Financial instructor View Post
I was born and raised in Manhattan Beach and it seems that all my high school friends are ether moving inland towards the San Fernando Valley or move out of state. Is there some sort of hyper gentrification going on? When people think of gentrification they think of wealthy people pushing out lower income people however it seems that in California, upper class people are being priced out by even richer wealthier people which makes coastal cities 95% transplants and 5% natives
No. And you have no information to back that up.
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Old 05-16-2018, 11:09 PM
 
Location: Laguna Niguel, Orange County CA
9,809 posts, read 8,274,685 times
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This makes no sense. Homeowners are not “run out” but may sell think if they think it profitable to do so.
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Old 05-17-2018, 07:22 AM
 
Location: Southern California
12,659 posts, read 11,377,102 times
Reputation: 35026
I have not seen what you are implying nor do I believe anything you said.
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Old 05-17-2018, 11:31 AM
 
4,261 posts, read 9,008,338 times
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Frankly with what has happened to property values, if the house was bought long ago or inherited and the commute to work isn’t an issue, not selling is akin to failing to cash in a lotto ticket. This is especially true on the Westside where a house bought for a few hundred grand in the 90’s might sell as high as 1.5 million now, but also applies to South Bay. The only real difference being that South Bay is a nicer living environment.
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