Lining Up To Buy The American Dream

Housing in Southern California has become so scarce that people are lining up on the street for a chance to buy a townhome.
October 8, 2003, 1pm PDT | Chris Steins | @urbaninsight
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"In a skyrocketing market where the price of a new home is beyond the reach of the average worker, the potential homeowners said sleeping on the street could be their only shot at a piece of the American Dream. At least in Southern California... Indeed, many of the campers — all seemingly experts on the local housing market — said a fixer-upper in Simi Valley could not be touched for less than $350,000, not to mention the thousands more it would cost to get it into move-in condition."

Thanks to Laura Kranz

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Published on Wednesday, October 8, 2003 in The Los Angeles Times
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