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WHO SPENDS THAT MUCH FOR AN APARTMENT IN PALMS?

Marissa Gluck of the blog Curbed L.A. received a letter from somebody complaining about the high rents at the new Victor on Venice apartment complex on Venice Blvd. at Clarington.

One reader scratches his head on rents in Culver City: Have a question about Victor on Venice. Do you or your readers know if people are actually renting the units? Web site looks cool, but the rents!!???? Who spends that much money in Palms? You can get a two bedroom for the price of one of their studios and have money leftover.

We don't know about the studios there, but the one-bedrooms at Victor on Venice are going for $1,710 to $1,798.

Gluck just hasn't checked the apartment rentals in Palms recently — they are climbing. The smart money knows, too, that Victor on Venice will be turned into condos before long, and the present renters will have first crack at "buying in" when that's done.

Condo owners will then be able to experience that dizzying ride of rising property values in Palms without the hassle of owning a single-family house. The rest of us, renters, will just have to keep paying more and more each month so that absentee landlords can experience the dizzying rise of the surf off their homes in Malibu.

More about Victor on Venice, which The Sun has dubbed The Fortress of Grayitude