LA or not, that's going to put a crimp on RE prices.kag00 said:
Even if you get a permit you won't be able to insure it. A mortgage without insurance will be impossible.
Uninsurable
Highly Susceptible to Fire
No Mortgages
I don't care where the location, those three conditions will seriously decrease demand for residential real estate. There will still be people willing to pay cash and risk it, but they won't have near the competition in the market.