Quote:
Originally Posted by CaliNative
What percentage of downtown construction is funded by Chinese, Korean & Canadian companies & investors? If these flows dwindle, will American investors and companies pick up the torch? I think so. Housing is still in short supply, especially at the affordable end. Funds in search of returns will pick up the torch. 1% interest rates on savings just don't pay the bills. Rentals give 10 times the return. So the boom should continue, with periodic slowdowns, even if foreigners pull up stakes. Unless there is a major economic recession (possible), the boom may extend until the 2028 Olympics, with a few pauses perhaps.
Hopefully L.A. will get its masterpiece in the next 10 years, a 1200-1500 foot architectural gem and skyline exclamation point. Neo Art Deco please, but just good design in any style would do. Empire State magnificence. A city of 4 million and urban conglomeration of 17 million deserves it, a true center point. A building visible for 50 miles on a clear day. A landmark at the center.
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As many have already said before, I believe we already have this. The US Bank is a masterpiece in my opinion. We can hope for something taller and more appealing aesthetically, but I just don't see it happening anytime soon. Everything new seems to be staying below 600 ft with the exception of a few towers. (WG, Metropolis IV, and 1 Oceanwide tower)