I live in LA too, I am a sox figure a year salary tech worker and cant imagine myself buying a property here its too expensive. Wish real estate was more ubregulated like in Houston and Miami
Bitcoin is Tcp/ip happening all over again but even a solid technology can experience economic bubbles, I think if bitcoin succeeds it will cannibalize part of the gold market and will go to the moon , but I can see a correction in the near term because its going up to fast and too soon. Sorry for my english ESL here peace