'Granny flats' let aging relatives live close -- but not too close
For some families, a second home on the same lot yields perks: You can keep tabs on aging parents, and the kids can spend more time with grandma.
Their homes are too big, their friends have moved or their families are too far-flung. But those aren't the only reasons aging adults are moving into separate residences on their children's properties.
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Adult children moving back home with parents
Extended families sharing a home was once an American tradition. Now with rising foreclosures and layoffs, it's a necessity. But there is a silver lining.
Donald Garcia, 35, and his wife, Augustine, were living in a Burbank apartment when Augustine's mother approached them for help. She had refinanced her three-bedroom Tujunga home a year and a half earlier with an interest-only loan, and what had been a $900 monthly house payment had doubled.
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Foreclosure king surfs troubled home waters
Real estate broker Leo Nordine is working his well-timed magic in selling distressed houses.
The South Bay's reigning King of Foreclosures runs around barefoot, doesn't own a cellphone and drives an 8-year-old Toyota Tundra pickup.
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Rebuilding a home after a fluke flood
Three days before Christmas 2006, as chef Matt Beville was sliding a tray of pastries into the oven at work, he had no idea events were unfolding at his 1924 Burbank home that would displace him for 18 months and lead to a $209,000 whole-house remodel.
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ON THE MARKET: L.A. lofts for sale
Downtown lofts, from Chinatown to the Barker Building
Three downtown lofts, priced from $527,000 to $895,000:
510 S. Hewitt St., Unit 513, Los Angeles 90013
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