These locales are no different than the locations across the fruited plain where a shortage of jobs and the losses of sustainable incomes are affecting millions of workers. A job is a job whether you're a movie director or a ditch-digger...and Tinsel Town stars are not exempt at all from the effects of recessions.
The high-priced estates of celebrities are dogs to maintain money-wise. Their upkeep require sustained high incomes on the parts of the owners. However, lower incomes....and in many cases, no guarantees of sustained incomes at all....may be eating away at the soft underbelly of the entertainment world's well-paid acting and creative community.
Which is probably why we're seeing one "mansion" after another (on both coasts) being placed on the market.
The notables are cashing out their big white elephants while the cashing is still possible.
Leni
“However, lower incomes....and in many cases, no guarantees of sustained incomes at all....may be eating away at the soft underbelly of the entertainment world’s well-paid acting and creative community.”
Bingo.