This is one of the subtextual reasons to stay in Southern California:
Take a look at this link. More than anything I¡¯ve seen recently, this is another clue that the center of Los Angeles is really everything west of the 405 freeway and north of downtown Los Angeles.
These are long term plans, but that¡¯s how to invest in real estate.
We already know that Disney is expanding into Santa Clarita -- north, along this route. And NBC/Universal is expanding its empire around the ¡°Universal Studios mountain,¡± a destination for the commuters Now there¡¯s this, the next phase of the California ¡°high speed rail¡± project, which imports people from north of the San Fernando Valley, from places like Palmdale to Burbank.
Projects like these don¡¯t move forward unless there are credible data and, of course, major government corruption. However, from the 100,000 foot view, it appears that civic forces are driving the population and business growth to area overdue for redevelopment. This will likely drive up property values, as more businesses revitalize Burbank, and broken down communities like San Fernando, Sylmar and other stops along the line.
Democrats and liberals come and go, but money always does the talking. Over the next few years, you can bet that junkyards, auto repair/chop shops, and dozens of other mom & pops will be quietly bought up, replaced by shiny new warehouses, office buildings and shiny condominiums.
robfrankel