Venice California and riding the waves of housing mania: An area where 1 bedroom will fetch $1 million.
ByVenice is an interesting place. I’ve always enjoyed the unique atmosphere and it can be argued that Venice was one of the leading hipster enclaves in Southern California. It was cool before it was cool to be cool. Similar to San Francisco, old homes are being sold for ridiculous amounts of money. We recently featured a home in Venice that had 0 beds going for over $1 million. That is how crazy things are getting in SoCal. But there is definitely more of a feeling of “get out at the top” versus “I’m buying to ride some more appreciation” sentiment. Venice has gotten wildly expensive. Even just a few years ago visiting friends in Venice you were entering questionable neighborhoods where it didn’t seem safe. But hey, who needs safety when you can live the life of luxury in a crap shack? Is it any wonder why there is a steady migration out of California by the middle class? Let us take a look at a home in Venice and get your thoughts on it…
