“Here in LA (Burbank) sales are a little soft but median price increases EVERY month. I’m amazed what people pay for crap here. Unlike SD, there is a severe housing and rental unit shortage in LA.”
I don’t necessarily agree with that. Watch this excerpt from Chris Thornberg about the housing shortage in California and LA. He touches on this in the last two minutes of this segment. He basically points out that there is a shortage of apartments and multi family housing but that really has nothing to do with housing. I live in the the South Bay and there is no shortage of homes to buy right now. Tons of Open House signs every weekend.
