How Snapchat tech titans are harshing the mellow in Venice Beach

The Washington Post reports:

Venice Beach is where Arnold Schwarzenegger toned his muscles, the Dogtown skateboarders launched a lasting movement and Jim Morrison conceived the Doors. The Dude lived here in “The Big Lebowski.”

For decades, Venice has been the epicenter of weird, a beachy paradise with a gothic twist, where carnival freaks, homeless hippies, yoga instructors and ­fanny-packed tourists blend into a milieu as colorful as its famous three-story murals.

Now, thanks to real estate speculators and a tech boom featuring the likes of Google and Snapchat, Venice’s mellow charm is under siege.

“There are a lot of shenanigans going on to hyper-gentrify this area, almost make it a beachfront resort,” said Laddie Williams, a third-generation Venice resident and community activist. “They are killing our community.”

Where would an asset bubble be without the Federal Reserve? You'll want to read the entire article.