The attack of the smallest homes in Los Angeles: Trying to ride the mania wave and getting rid of tiny homes that rival the size of a college dorm room.
ByWhenever you read dry economic articles on housing that attempt to justify high home prices there is always the fascinating lack of pictures. As they say, a picture is worth a 1,000 words and in the case of a crap shack, a picture is worth a thousand tacos. Some people are getting out of Dodge (or Compton) and trying to sell into the larger gentrification meme. I went to a few lower priced neighborhoods this past month to see if any deals were present. The one thing that struck me is the increasing growth of cars per house. It was already high before but the number this time blew me away. It would appear that 4, 5, or even 6 cars per household were common in these areas. The congestion on the street reminded me of New York parking absent the skyscrapers. You also have the standard car stationed on the lawn on a few homes on the block. Keep in mind these were in so-called hipster hoods where one Whole Foods was enough to justify a $700,000 crap shack. Ultimately inventory is rising and people are slowly coming to their senses. I’m always stunned that some feel they missed out on buying a crap shack. So buy today. If your plan is to stay put for 30 years, why are you trying to time the market? This is speculation and you might as well speculate with the stock market. Just to give you a taste of the craziness, let us go in search of some of the smallest homes available for sale today in Los Angeles…
