Among the achievements of Sierra Madre's current City Council are the restraints it put into place curbing aggressive mansionization here. While this development nuisance has been the bane of neighboring Arcadia, Sierra Madre has remained the village of small homes it always was. Paradoxically it is becoming quite prosperous because of this. Homes that only a decade ago would have set you back $250,000 are now pushing the million dollar mark once they are put on the market.
Slow growth, which was once wrongfully considered an impediment to increased property values, has become the engine that is driving Sierra Madre's stunning real estate success story. When you consider where things were during the market crash not too long ago, it is something of a miracle.
For that you would have to give at least some credit to this City Council and its commitment to the sensible development standards that helped to stave off a McMansion glut here. In that important way they saved Sierra Madre just by keeping it the place it always was.
Why anyone would want to go messing around with that kind of success is beyond me. While I personally am not crazy about everything this City Council has done, you would need to have on some pretty large blinders not to see just how well many people in Sierra Madre are doing these days. What used to be only a house has for some become the best investment they ever made.
|From Andy's Linked In page.|
Below is an example of how the Arcadia Association of Realtors (AAR) contributed politically to that around the time Andy Bencosme was its president. A candidate they helped elect there was a big time mansionization supporter named John Wuo. Also a past president of the AAR. You probably remember Mr. Wuo as the former Mayor of Arcadia who was forced to resign in disgrace over his alleged role in the Gem Coin scandal. Something that brought such infamy (along with the FBI) to the town (link) in late 2015.
Here is the story of how the Arcadia Association of Realtors helped elect John Wuo.
I suspect they will try and do the same for Andy Benscosme. It should be an interesting election. Don't take any Gem Coins.