Here’s what happened in L.A. urban real estate last month: Median home price dropped by $70,000 since the same month of the previous year. January 2020 median home price was $580,000. January 2021 median sold home price fell to $510,000. Based on MLS data from areas 23,42 and 1375.
Several Downtown specialist real estate agents report a significant uptick in new buyer requests in the past few days. Perhaps February might improve a bit.
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Large open space, high ceilings, lots of windows and natural light, walk-in closet, private hot tub spa. Sounds like a multi-million dollar luxury loft penthouse, but wait! We’re describing a homeless tent in the Skid Row neighborhood of Downtown Los Angeles.
Stephanie Williams says that she is living her best life on Skid Row. A fashion designer, she sews for the community. Not just sleeping in a tent, she controls a sprawling estate compound of several large, upscale tent-like residences with deluxe features. Her real estate is free for her. Her tent mansion boasts a hardwood floor, a bamboo bed with upscale mattress and linens, appliances, full size Christmas tree set up, walk in closet, private toilet, electric generator and hot tub spa. She pays no rent to use the valuable, sprawling Central Los Angeles land that she enjoys. Take a look at Skid Row’s White House! | VIDEO | INTERVIEW
Keeping homeless on the street is not sustainable. Only a structure with a roof can be acceptable. It’s on the taxpayer’s dime, but neither taxpayers nor homeless can use the sidewalks because they are completely blocked by tents. Pedestrians must walk in the street, which obstructs traffic, creates extreme safety hazards, resulting in injury and death for countless homeless pedestrians.
A Penn State report says that substance abuse rate is 20% to 35%, but witnesses who live on the street say almost unanimously that nearly 100% of homeless suffer from substance abuse issues. It does not help homeless, and it does not help society when taxpayers provide billions of taxpayer dollars to support unhealthy, dangerous lifestyles of substance abuse on the street. Homeless who are currently on the street absolutely must be provided with the respect of an environment, care and law enforcement that reduces the incidence of substance abuse. Ultimately, rich, middle class and poor must follow the same laws. The sooner this happens in Los Angeles, the better off everyone will be. | COMMENT
