Is it because of the beaches? The geography? The weather? Celebrities? Which is it?
2007-02-20 11:30:50 · 8 answers · asked by drcuriousiity 1 in Travel ➔ United States ➔ Los Angeles
The short answer: the weather. The geography determines the weather.
The weather brought the movie industry. Then in companies like the shipping industry, GM and Lockheed. That brought in people to work there.
After WWII, there was a housing boom. Limited available land to build on mean high prices. And then there's the beach. People like living near water. 80% of Amerasians live within 50 miles of a coastline.
You look at areas around the world that are about the same latitude and you will see the majority of the world's population. We were built for temperate climates.
2007-02-20 11:42:00 · answer #1 · answered by chieromancer 6 · 0⤊ 0⤋
Yes, Los Angeles is expensive. The most expensive areas area on the Westside like Beverly Hills, Bel-Air, and near the beaches, like Malibu, where the average house is over 2 million. I wouldn't call that "cheap" like "NY model" said.
Because L.A. is the entertainment capital of the world, celebrities reside in Los Angeles---it's probably a big factor in the expensive cost of living.
2007-02-20 14:39:39 · answer #2 · answered by Averill 2 · 0⤊ 0⤋
I doubt that it's any one thing, like the number of millionaires living here. Supply and demand is a big factor. And weather also counts for something, especially when people are snowed in and see on their TV's how warm and sunny it is here! Also, I've noticed that there seem to be increasing numbers of entertainment-industry people moving into all neighborhoods. They make more money than most shmucks who rent in these areas, so the owners charge more. Which is related to another reason--greed on the part of property owners. Don't move here unless you make--or will make--a hefty paycheck. N.Y. city may be more expensive, but L.A. comes in a close second I bet.
2007-02-20 17:53:02 · answer #3 · answered by Charles d 3 · 0⤊ 0⤋
Several factors: 1. Deregulation of the power industry led to excess cost of electricity which drove many prices up. 2. Deregulation of the health care industry led to prices being driven up and an industry that is out of control in their lust for profits. 3. Lack of regulation of the gasoline industry has led to excesses in costs so they can have their outrageous profits. 4. But most importantly, the housing shortage stems from lack of urban planning, focus on hugh expensive homes, with fewer units built for the working classes.
2007-02-20 13:15:56 · answer #4 · answered by copestir 7 · 1⤊ 0⤋
Jobs. People go there for jobs, and as a result, housing is in relatively short supply. Thus, the cost of housing is artificially over-inflated. Ergo, the very high cost of living.
2007-02-20 11:41:18 · answer #5 · answered by Gee Wye 6 · 0⤊ 1⤋
r u kidding me, LA is cheap, is not expensive. New york city is kind of expensive, like where i live with my parents is in a loft in fifth avenue and very close to the central park and its about more than $15,000 a month.
2007-02-20 11:35:58 · answer #6 · answered by NYmodel 2 · 0⤊ 0⤋
Simple supply and demand.
The more people want to live in a place, the more it will cost you to live there.
2007-02-20 13:10:47 · answer #7 · answered by nyman 2 · 1⤊ 0⤋
California has the most millionaires in the U.S.
2007-02-20 17:11:20 · answer #8 · answered by Anonymous · 0⤊ 0⤋