The Real Estate Resurgence of Glassell Park and Highland Park

Property in Northeast Los Angeles has been booming for years. We hear about it on tv set and in the news. Almost never will do a media story get published the place that the term “Gentrification” can be used to spell out areas such as Novelty helmet Rock, Mt. Washington and Highland Park, regions where home values have spiked. Is it something homeowners and home sellers need to know?

By classification, “to gentrify” is to improve a house or district so that it conforms to middle-class preference. The middle class, or Bourgeoisie, is attempting to emulate upper-class standards. In the U. K., the gentry make reference to people of high social position, specifically the class of men and women next below the nobility. Consequently the gentrification of an area is a process whereby those of lower socio-economic status are compelled out of a region in order to make it more attractive to the people of higher socio-economic standing. Taking showing signs of damage urban city homes away from working class family members to be renovated and sold to the fortunate is also known as progress, or gentrification.

That is precisely what is happening in the once run-down neighborhood of Highland Park. This ongoing restorative healing transformation has helped to eradicate crime and enhance the neighborhood economy. Juice pubs and yogurt shops have sprung up in place of derelict Laundromats and liquor stores. Local businesses are now thriving, the place that the windows were once boarded up and car canevas rusted.

Nowhere is this more evident than in the Northeast Los Angeles neighborhood of Glassell Playground, where police a little bit ago bulldozed suspected gang homes in a dramatic crackdown on crime. Soon after, traders started out investing in correcting up Glassell Park’s hillside view homes and property values started out to climb with new shops and restaurants appearing in immediate proportion.

At one time, Eco Park stood as the poster child for gentrification in Los Angeles. This forgotten slum gone through a complete evolution in the 90’s, making it one of the most sought after areas east of downtown. With Echo Park as an auto dvd unit, the restoration movement has persisted its march east, rehabilitating other areas, such as Highland Park and Glassell Park, with great probable.