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.
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?
Please chime in with your comments!