Hot Properties Make News
For many Angelenos, the rapidly rising equity in their home is their retirement plan, so housing prices are always a great source of interest. Add to that the stories of celebrities who can pour millions into a mansion, and you have a recipe for a bestseller. At least, that’s the idea at the LA Times, which announced today that it’s expanding its “Hot Properties” column to track celebrity home sales and purchases. Yes, we know the news purists will be distressed to see further devaluing of the worth of news. And yes, these resources could probably be better deployed on covering government, crime, corruption – you name it. But we have to admit we’ll be reading. It’s one of our Sunday morning guilty pleasures.