Hermosa Beach has a few condos that came up on the market but the limit of 417 will never get you into the beach.
As for status and cool if you are young the option to go to Gardena over the beach affects your dating scene BIG TIME.
Actually to move into the south bay area at all in any of the beach cities you need that extra 200K
Its also going to help Realtors sell properties near where we live an work. Many of us have had to leave our area and work in other places. We have to learn new markets and that is pretty cool.
Seriously it really is all about the money. If you can’t borrow it you just don’t get to move in and keep staying home with your parents.
Statistics aren’t out there but I am sure I know that every family has some member still there that just doesn’t have the funds to get out of the house. After all mom and pop bought it for what their car cost this year.