Bildquelle：https://patch.com/california/los-angeles/angelenos-sitting-2-trillion-property-new-record
Angelenos sit on $2 trillion in property, a new record
Angelenos are sitting on a staggering $2 trillion in property value, a new record for the city. This massive value comes from a combination of rising home prices and a strong real estate market.
According to recent data, the median home price in Los Angeles is now at $781,000, an increase of 20% from last year. This surge in home prices has contributed to the overall property value in the city reaching $2 trillion.
Experts attribute this increase in property value to a variety of factors, including low interest rates, high demand, and a limited housing supply. Additionally, the influx of wealthy buyers from other cities and states has also played a role in driving up home prices in Los Angeles.
Despite the high property values, many Angelenos are struggling to afford housing in the city. The rising cost of living, coupled with stagnant wages, has made it difficult for many residents to purchase a home in Los Angeles.
As the real estate market continues to thrive, it remains to be seen how this record-breaking property value will impact the city in the long run. For now, Angelenos can take solace in the fact that they are sitting on $2 trillion worth of property.