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LA residents are buying vacation homes … in LA

Homeowners are buying second homes in the same city for recreational reasons: report

An apartment building and house in L.A.
An apartment building and house in L.A.

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From the Los Angeles website: Sick of your house in the Hills but too busy to fly long distances? With deep enough pockets, here’s an option: buy another property in the same city. Instead of buying vacation homes in exotic, faraway lands, wealthy homeowners are now buying second homes in their hometowns as vacation properties. [more]

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Los AngelesVacation Homes