Highland Park

Highland Park is a really hot real estate market right now. Home prices have dropped since the height in 2006-2007 about 33% or more. Highland Park has a lot to offer. There are art galleries THIS Los Angeles (Gallery), there are cool restaurants Good Girl Dinette and you have a ton of eclectic, well priced homes in a neighborhood that's pretty vibrant. Taco trucks on York Blvd, 99 cent stores on Figueroa and sometimes you'll see moped gangs racing by on their tomos, puchs and other ego-less scooters. Check out The Latebirds a local moped gang.
Most of the homes under 400k are selling in multiple offers. Then you have the super cheap bank owned homes that fly off the shelves. The most important thing about buying a home right now is down payment and financing. The higher the down payment, preferably 20%, the better your chances are of getting a great house.

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