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Updated over 7 years ago on . Most recent reply

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Matt R.
  • Sherman Oaks, CA
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New LA County Dev 21,000 homes only took 2 decades to approve

Matt R.
  • Sherman Oaks, CA
Posted

Every home must have car chargers in garage is amoungst many other set asides. Even the Chumash native Americans had to sign off on it. 

21k homes is that the largest single new residential build in nation? 

That's a $13 billion investment. This also includes 13 million sqft of new commercial.  

http://www.latimes.com/local/lanow/la-me-newhall-r...

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Brian Ploszay
  • Investor
  • Chicago, IL
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Brian Ploszay
  • Investor
  • Chicago, IL
Replied

I believe that development is in Newhall.    21K homes is very welcome to an area that has a shortage of inventory.  That is like building a new smaller city.  It continues to stretch the sprawl of Los Angeles.

What the LA area needs is to act like a city, not a suburb.  Major cities across the globe have density housing.  Los Angeles is addicted to their single family houses, which means you're in the car more, commuting.  

The central basin of Los Angeles should have mutlifamily buldings everywhere.  It is starting to happen more.  

I used to live in the Los Angeles area.  I wouldn't want to live in Newhall.  But I like where you are from, Sherman Oaks.   That is a perfect community, near the 405, so you can zip into west L.A.  But you'll probably be stuck in a traffic jam half the time.

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