Reply to Living in LA - Tell me your favorite area and why

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[quote=Anonymous][quote=Anonymous]Our family has a place in Inglewood. We love it. It's been in our family since the late 40's. While the neighborhood around it is kind of sketchy, it's close to the airport and the beach, and the 405 is like half a mile away. We've rebuilt the home that was on site about 10 years ago, and use this place as an AirBNB host site and we stay there when we're in LA. There's a wall all the way around it, and it's like a private compound.

The property is HUGE (by LA standards) almost 7 acres, and has 3 wells that are yielding almost 11 barrels of LSC daily. The oil revenue alone has put 9 kids through college since the 60's

Everyone should own an oil well. It's like a license to print money. And when the barrel price falls below your desired profit point, you just turn it off and wait for the price to come back up. The oil will still be there![/quote]

Holy sh#t, that is nuts. I'm originally from Long Beach, so many questions for you. I had no idea people were privately pumping oil! I assumed all the mineral rights were owned by large companies.
-Who installed the equipment and how much did it cost?
-Where the hell does one even have 7 acres in Inglewood?!?

Kudos to your family. Talk about a smart investment!!![/quote]

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