The New American Dream: Condos Replace Single-Family Home Ownership

By David Swedelson, Senior Partner, SwedelsonGottlieb, Community Association Attorneys
In the last year, prices for detached single-family dwellings have skyrocketed in Los Angeles. “A single-family house with a backyard is . . . a luxury,” mourned a 34-year-old financial analyst. No wonder “Southland Buyers Shift to Condos,” as an article in the Los Angeles Times put it.