The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
Back in the late 70s the property values in the warehouse district of LA, near the commercial railroad complex, had collapsed. The warehouses had been built when 4,000 - 6,000 square feet was a lot of space. As time moved on these became uneconomical as more space was required and the transportation system moved from railroading to trucking. At the time I'm speaking of these warehouses were going for absurdly reduced prices compared to the purchase/rent costs in the rest of the basin. The disadvantage to the properties was the unique atmosphere generated by life in LA. We're talking smog. cough, hack, wheeze
Since nobody wanted them, the dregs of society - artists - started buying and moving into them. The advantage was a large open space usable for studios and a second floor for living. In the normal course of events the artists would attract patrons attracting resturants, boutiques, & etc attracting more people attracting people who want to live in the area raising the property values raising the property taxes and driving the artists out.
I moved to NoCal shortly afterwards and, from time to time, wondered what happened in the long run.
She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre
by Frank Schnittger - May 27 3 comments
by Frank Schnittger - May 5 22 comments
by Frank Schnittger - May 23 1 comment
by Oui - May 13 65 comments
by Carrie - Apr 30 7 comments
by Oui - May 30
by Frank Schnittger - May 273 comments
by Oui - May 2712 comments
by Oui - May 24
by Frank Schnittger - May 231 comment
by Oui - May 1365 comments
by Oui - May 910 comments
by Frank Schnittger - May 522 comments
by Oui - May 449 comments
by Oui - May 312 comments
by Oui - May 29 comments
by gmoke - May 1
by Oui - Apr 30269 comments
by Carrie - Apr 307 comments
by Oui - Apr 2644 comments
by Oui - Apr 886 comments
by Oui - Mar 19143 comments