[quote=The-Shoveler]In the case of L.A. some of those old hoods have degraded quite a bit in the last 20 years.
That whole urban revitalization thing is not quite happening in most of L.A.[/quote]
I understand your “perception,” Shoveler.
But the reality is that one is paying for location to own in the “Downeys and Montebellos of the world.” That location is worth X amt of money to a LOT of people (prospective residents and biz owners alike).
You can’t fix this. You can’t attribute that level of convenience to the (relatively cheap) Moreno Valley and you won’t find a typical “Moreno Valley tract home” in the middle of Montebello :=]
Take your pick.
At some point, these inner-city areas will HAVE to “gentrify” because their locations are irreplaceable, rendering them immune from obsolescence.
