This is one of those things that makes you want to cry. From the WSJ: At $578 million—or about $140,000 per student—the 24-acre Robert F. Kennedy Community Schools complex in mid-Wilshire is the most expensive school ever constructed in U.S. history. To put the price in context, this city’s Staples sports and entertainment center cost [...]
I hope this isn’t TARP money they’re using! Oops I forgot. Money if fungible. The LA Times blog reports that Los Angeles County is offering interest free second mortgages of up to $75,000 for first time homebuyers. The seconds are not only interest free but don’t have to be repaid until the house is sold, [...]
There’s an interesting article in the LA Times this morning about home prices in the tonier areas of LA starting to fall. It seems that some of the areas have seen price declines of up to 30%. You’re probably saying so what else is new. Actually, this news represents a sea change and buries the [...]
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