Says History…

In 1939 The City Of Los Angeles conducted a survey for the Division Of Research & Statistics.  As of 1939 the population of Los Angles doubled once in about every 8 years.  Virtually the entire increase on population has been due to immigration from other states.

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• 1950’s: a growth of 1.9 million  • 1960’s: a growth of 993,000 • 1970’s: a growth of 445,000  •  1980’s: 1.4 million  • 1990’s: a growth of 656,000  •  2000’s: 299,000

(http://www.usc.edu/schools/price/research/popdynamics/futures/2013_Myers-Pitkin_LA-Projections.pdf)

      In 1900 there were 6,577 farms averaging 136 acres each – in 1935 there were 13,549 farms averaging 45 acres each.

Screen shot 2015-02-28 at 11.07.47 AMThe number of farms today in California total only to 81,700.

Almost all of the economic growth of the area has been secondary & required to service a growing population. This condition sharply differentiates Los Angeles from other large cities where the influxes of population have been in response to the demand by local business or industries for workers.

Now that Los Angeles has attained its present large size, a rapidly increasing population is no longer so vital to its economic welfare, for the creation & of goods & services required by a population of nearly 3 million persons in themselves are sufficient to employ the full time of thousands of workers. However, the whole economic philosophy of the Los Angeles business & financial class is so geared to operations in an area of rapid growth that a cessation of such growth might well produce serious economic consequences, particularly in the real estate and mortgage field.

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