It is no secret that Los Angeles is a competitive, expensive place to run a business. However, in many industries, there is almost no choice but to secure space in the city. As difficult as that already is, it could be especially challenging for people looking for specific types of space.
Recently, there have been studies and articles stating that buying a home is not a priority for millennials and other young adults. There is also the position that buying a home is not financially possible for younger generations who carry more debt and earn less than their parents.
Los Angeles has a highly competitive housing market. As such, many houses up for sale will receive multiple offers, so it can be important to make your offer competitive when you find a home you want to buy.
Los Angeles is one of the most expensive cities to buy a house. As such, it is not unusual for people to capitalize on the chance to buy a house for less.