L.A. Housing Speculators Moving Out

Housing peculators are taking their profits from Southern California and investing in hotter markets in Las Vegas and Arizona.

"Southern California's high housing costs have become a big turnoff to investors...who have fled for more affordable pastures.

Many analysts say that's a good thing. Although the falloff of speculative activity probably means Southland home prices won't surge soon, it also could keep home values from tumbling â€" and lead to a much more desirable 'soft landing,' or flattening of prices.

Too much speculative activity from investors hoping to turn a quick profit is perhaps the biggest sign that a market â€" whether real estate or stocks or any other asset â€" is in an overpriced 'bubble' condition, economists say. Too many speculators drive prices too high, and when they sense that the market is topping, they tend to sell all at once, sending prices into a free fall."

Full Story: Housing Speculators Relocate to Hotter Spots


Build Your Own Paper Block City

Urban Fold is an all-inclusive kit that allows anyone to build the city of their dreams with a few simple folds.
building block set

NEW! Build the world you want to see

Irresistible block set for adults when placed on a coffee table or desk, and great fun for kids.

City Coasters

Hand-drawn engraved maps of your favorite neighborhoods are divided up across 4 coasters making each one unique.
City Plate table setting

New Arrival! City Plates

City downtown cores printed on gorgeous decorative collectible porcelain plates.