San Francisco is Coming to LA
It is not just those displaced by the San Francisco tech buyers that are moving to Los Angeles, now the young tech tycoons themselves are buying up property in Los Angles. Larry Ellison, Jeff Bezos, Sean Parker and many others have all bought homes in the Los Angeles area recently. For most of them it is considered a second home, in what they consider a discounted housing market. Some are commuting part of the week back to Silicon Valley.
READ THE LA TIMES ARTICLE HERE