Downtown: A Great Place To Work, Not To Live

According to Joel Kotkin, don't make plans to trade your suburban house for a downtown loft just yet.

1 minute read

August 16, 2005, 10:00 AM PDT

By Brenda Meyer

"On top of this, more recent data indicate an emerging weakness in downtown residential property, including such "hot" markets as downtown San Diego, London and Sydney. In Los Angeles, according to DataQuick Information Systems' most recent numbers, values in some areas have risen steeply, but those in many others have either dropped over the last year or climbed only modestly. Downtown L.A., for the most part, is not performing better than other areas of the Southland."

Thanks to Brenda Meyer

FULL STORY: Hip loftsters will stay lonely, for suburbs still seduce

Monday, August 15, 2005 in The Los Angeles Times

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