A recent LA Times article discusses the sea change taking place, as increasing numbers of first-time buyers purchase condominiums instead of detached homes. It’s all about the numbers, and the Times’ Andrew Khouri spells it out plainly: “For many, condos are the only affordable path to homeownership in urban areas near jobs, cafes and boutiques.”
Richard Green, director of USC’s Lusk Center for Real Estate puts it this way: “People who a year ago could afford houses can’t. But they can afford condos.”
To us this represents a very positive trend, proof that a new generation of home buyers understands the benefits of ownership over paying rent. Condos don’t have to mean compromise, in fact for some people the “lock the door and leave” lifestyle is an ideal fit. There’s less to worry about, less maintenance, and the density of condo communities makes them more earth-friendly than a typical suburban house.
Proudly, we are representing 52 beautiful, modern condominiums that will soon be for sale in the fast-rising Eastside enclave of Glassell Park. NELA Union homes have so much to offer, with versatile 3-level floor plans, attached 2-car garages and energy efficient building elements and appliances. Bright, spacious and contemporary, these homes look absolutely great. And they’re priced in a range that many people will be able to afford, starting in the mid/high $400,000’s, up to the low $600,000’s for a prime-located 4-bedroom home.
Head to nelaunion.com to see what this new community of townhome-style condominiums is all about. While you’re at it, check us out on Facebook and Instagram, too. If you have any questions, be sure to get in touch with us at Tracy Do Real Estate, or send an email to email@example.com.
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