As surely as many bad things pertain to our current global depression, it has had a twofold benefit for me personally. Mind you, I am little fond of the decimation of my retirement accounts or the continuing unemployment of my significant other. Still, I am a renter in L.A., and one has to see some redemption in the free-fall of rental prices (even if they are not, perhaps, quite so rapid as those of underlying property values).
I just moved to a new apartment a few days ago. As with most moves, it was accompanied by endless fretting over finding just the right place, with advantages and drawbacks of each one. Quite a few candidates went through the mill, in various neighborhoods (but generally roughly West Side). The ultimate result was renting a Fairfax District place, 400 feet away from our prior apartment… Continue reading The silver lining in the housing crisis