[quote=flu][quote=FormerSanDiegan][quote=flu]
Any ideas why?
I’m thinking
1) Too much competition in L.A.
2) L.A. economy is in much worse shape than S.D.[/quote]
I think it’s because everyone in LA already has a BMW.[/quote]
The dealership I was visiting for a pickup was completely empty on a supposedly busy weekend. I guess it was a complete opposite of when I visited BMW of SD. So I don’t get it. Maybe L.A. economic situation really is bad.
(Funny thing was the the dealership I was visiting was doing $25k off of a new M6……I guess with the redesign around the corner, they want get rid of these outgoing 6 series bodystyles.)[/quote]
Though we haven’t lived in L.A. for quite awhile, we have friends and family there, and visit often. I also follow real estate in certain LA areas.
I think both of your guesses are correct — too much competition, and their economy is weaker than ours.
This is just from my anecdotal sources, but it sounds like the entertainment industry is going through a pretty rough patch, and has been for a few years. The entertainment industry is to L.A. what biotech and technology are to San Diego.
Also, L.A. is more impacted by “poor” people than San Diego. It’s been pretty devoid of a “middle class” for longer than what we’ve seen down here. The wealth disparity is much more evident in LA than in SD, IMHO.
