Crash pads (or the pied-à-terre) have long been popular in Paris, Hong Kong, New York and Chicago. Now they're becoming popular in Los Angeles.
These temporary nesting spots are "catching on in Los Angeles. The Urban Land Institute, a nonprofit research and education organization on land use and real estate development, predicts that more people will be moving into the city, lured by events at Staples Center and Walt Disney Concert Hall as well as exhibits, upscale restaurants and shops, and easier public transportation.
...Most of the 4,000 downtown residential units that have opened their doors since 2000 an additional 6,000 are in various stages of planning, approval or construction are occupied by full-timers, but developers and rental agents say 10% of their tenants drive in and stay a night or two, then it's back to their real home. The number of part-timers is greater in older high-rises and those with smaller, less costly units."
Thanks to Chris Steins
FULL STORY: A home that's closer than home
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