mango

mondo

films INT.

münchen  -  los angeles

Southern California used to be one of the hottest real estate markets in the USA, before the mortgage crisis. In Los Angeles, not only the film industry was booming. The state that used to have the strongest economy of the nation attracted approximately 100.000 newcomers each year, from all over the world. For years, the real estate market was clearly unhealthy, with profits of up to 25 % on home sales. Countless people took their chance and made their licenses as real estate agents. “Fixer upper” became the magic word, and even amateurs “flipped houses” faster than anyone would think. Meet the winners and the losers of the real estate frenzy in Los Angeles and its surrounding. The film features aspects of the “renaissance” of downtown L.A., where luxury lofts in formerly abandoned office towers have become the big buiz. The promotion of downtown has effects on the surrounding real estate market. A view of the skyline can now even move houses… A film about a hot market, its bizarre effects and the reasons that lead to the current global financial crisis. produced for German TV
Hot House Los Angeles usa (2006) 45 min, English narration