Community Corner
Are Homebuyers Fleeing Echo Park and Silver Lake for Highland Park?
Our local newspaper of record thinks hipsters and gentrifiers are abandoning Echo Park and Silver Lake for Highland Park.
Sunday's Los Angeles Times posited this opinion: Homebuyers are abandoning the ever pricier precincts of Echo Park and Silver Lake in favor of more affordable Highland Park and its environs.
Attracted by an abundance of foreclosures and aided by interest rates near record lows, renovators are giving distressed properties a makeover. They're then reselling them to young professionals priced out of nearby Echo Park and Silver Lake, who are finding Highland Park's bike lanes, Metro Gold Line stop and sidewalk culture a welcome respite from the automobile.
Find out what's happening in Echo Park-Silver Lakewith free, real-time updates from Patch.
This isn’t the first time the Times has opined on the growing gentrification of our Northeast L.A. neighbor:
Our question for you: Is this a good thing? A bad thing? Is it even true?
Find out what's happening in Echo Park-Silver Lakewith free, real-time updates from Patch.
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