Downtown L.A. Home Prices: Why do homes in Downtown Los Angeles cost over $600,000 on average, while homes in Chicago cost less than $300,000?
Supply and demand are the primary drivers of prices. There are many reasons why so many people want to live in Southern California neighborhoods:
#1 Nice weather; #2 Jobs / Economy; #3 Many things to do; #4 Better Schools; #5 Better Neighbors; #6 Overall growth / Improvement in the neighborhoods. The #7 reason is that SoCal home prices go up faster and steeper than other parts of the USA, making for a much better long-term return on investment. #dtla #investment
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