Hm, I thought I might have applied to this thread, but apparently not.
I live in Hollywood, California. Yes, that Hollywood. But it's not at all a glamorous or ritzy place; I live here primarily because it's where I managed to find a cheap apartment. (Most of the movie stars and such live further west, in the Beverly Hills area. Hollywood itself is rather run-down and dingy.)
I live about a block or two from the Hollywood/Highland complex, where the Oscars are held. In practice, mostly what this means to me is that last weekend traffic was really bad here. (Traffic is also really bad, although not quite as bad, when there's something going on at the Hollywood Bowl, which is only a little farther away in roughly the opposite direction.) The Hollywood/Highland complex is also where I catch the subway every day, so it's not terribly exotic or alluring to me.
I am not planning on staying here permanently. I am actually considering (within a few years) moving to Vancouver. We'll see what happens.