Wealth Altering L.A.'s Beachfront Bohemia

"In the 1960s, Venice was home to a generation of avant-garde artists like Ed Moses and Robert Irwin. Now residents say loft space is increasingly devoted to flush Internet and production companies operated by a new "hipoisie" – hip bourgeoisie – that revels in the counterculture cachet of the Venice name while pursuing lucrative pursuits such as directing commercials. "