It seems that this is not the time to discuss real estate.
A realtor, who is a good friend of mine, told me that the average price for homes in LA have dropped 15-20%. Even in prime areas, such as the Hollywood Hills, there are foreclosures which are dragging down everyone’s home price across the region.
So maybe it’s time to think again about imagining our homes. Not as vehicles for investment, but as wise and well engineered buildings which have limited floor space that “average” people can afford.
I think “Kithaus” which is manufactured right here In Van Nuys, offers a design which could be built on such land as reclaimed industrial parks or those vast parking lots that sit behind stores on Van Nuys Boulevard.
Small houses, from 1,000-1,500 square feet, sited on parcels within walking distance of stores and public transportation, would be a great addition to the San Fernando Valley.
A “green” product, manufactured locally, providing jobs and investment for our community….