As a scientific society our view on art has been somewhat marginalized in place of more scholarly and practical pursuits. The Internet and medical advances come to mind readily. Hence during the Renaissance, a high value and prestige was bestowed on realism and art depicting life as it truly is. With modern art, the average person does not see the beauty because it is not practical. After all, how can a splatter of paint make sense? But
Let us first take a look at the sales history of this home.
As you can see, in 6 years this house appreciated a whopping $26,000 from 1994 to 2000. However, with the new housing renaissance this house appreciated (supposedly) $250,000 in seven years! It is the new housing field of aesthetic sunny housingnomics. A field basing the price of your home completely on the amount of sun you receive in a year and the temperature averaged out over a ratio. This is very complicated to understand but suffice it to say this place has a high sunny/temperature ratio. Or to break it down even further, $35,700 per year in an area where the median income is $45,000. We once again see that working a 9 to 5 is for unintelligent folks because why work when you can sit at home and let appreciation pay for your TiVo and DirectTV.
What would this home rent for in this elite area of Los Angeles? Well let us take a look below:
So the median rent in this area is $1,085 and your carrying cost on this place will be about $2,700 a month. Another cash-flow property in the heart of Los Angeles! And this is accurate because like an art curator, Zillow tells us this property is safely valued at $409,000 so we are actually getting a deal here.
Today we Salute you East Los Angeles with our Real Homes of Genius Award.
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