I know almost every street in the hills surrounding Los Angeles from Coldwater to Runyon Canyon, from Outpost to Beechwood. Each canyon neighborhood is distinct in its own way, with a rich diversity of homes from the hillside "shacks" to the multimillion-dollar palaces. The news Sunday that a home was sliding down Laurel Canyon surprised no one I know. We all knew which house it was the second they flashed the live image of the crumpled house on TV. A spec home built in the late '80s or early '90s, it characterized the downward spiral of the real estate market at that time. The glass block windows could still be seen beneath the smashed structure that used to be a house just minutes before. I recently commented to my husband that the next downturn in the real estate market must be righ...
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