The million-dollar home became the norm in neighborhoods across L.A. during the pandemic, and The Times looked into where, why and how.
, as Gov. Gavin Newsom, fresh off winning the recall election, signed two zoning bills that aim to increase housing density and make it easier to build multiple units on single-family-zoned land.went down when music mogul Scooter Braun shelled out $65 million for a striking minimalist farmhouse. He bought it from venture capitalist Larry Paul, whose family is the second-largest owner of the Pittsburgh Steelers., where you can find real estate stories and updates throughout the week.
The pandemic economy pushed Southern California’s competitive housing market into such overdrive that a defining marker of wealth — the million-dollar home —Homes worth $1 million or more now dominate communities from Altadena at the foot of the San Gabriel Mountains to West Adams in South L.A. As bidding wars send prices even higher, more people are being priced out of communities where they grew up and homeownership is becoming more out of reach for low- and middle-income Californians.
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