I've lived here for 13+ years now.
I love the weather, the ocean, and "da women."
Outside of that, I loathe almost everything else about it (this is a bit of an exaggeration on my part).
Well, I do love the diversity of people and food, also.
I don't like the attitude problem most of the residents here seem to have, and, ironically, most of that attitude isn't even from native born Angelinos, but from people transplanting from other states with delusions of grandeur and becoming the next "hot thing."
Overall though, I really do enjoy this place. I was born in Los Angeles, but raised in Wisconsin. Moved to LA when I was 19, and haven't looked back. I'll take this smoggy, stuck up, traffic congested city over Milwaukee, WI any day. Although I do miss my family back there.
I also don't drive anymore, which has been an amazing weight off of my shoulders. I hop on one bus to get to and from work, and I save a crap load of money on gas. Everything else I need to get to is either a walk or a bus ride away.
I don't miss the snow of the midwest, and rain like today doesn't bother me at all, although I do wish I was at home, instead of in the office, curled up under a blanket and reading a good book, or cuddling the missus.
I have a love/hate relationship with LA, but I think that can go for most cities where you've spent a large portion of your life.