Buy or Rent a Loft in Downtown Los Angeles – What are the Billionaires Betting On?

Edward G says:

  • Lofts For Sale in Downtown Los Angeles
    Lofts For Sale in Downtown Los Angeles
    Hi Corey, I love the idea of buying a loft in downtown LA rather than renting it, but is monthly payments would be significantly higher when you buy VS. renting?– Edward G.

Owning is about investing rather than spending. Renting is pure spending because the money pays the landlord’s mortgage while owning pays your own mortgage. The net wealth of the average Los Angeles loft homeowner has NEARLY DOUBLED in 3 years!!! Compare those results to the average rent increase, which has been more than $400 per month!!! In total dollar amounts, the average Downtown loft owner has gained $300,000 while the average renter lost about $100,000. That is a very dramatic difference between owning and renting.

The L.A. Loft Blog has been watching where the money is going. The billionaires are betting their billions that HUGE rent increases are expected in the future.

Anyone who can afford to rent in Los Angeles can also afford to buy a starter home or they can buy an affordable investment property. Fill out the online form:

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Copyright © 2016 This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not necessarily associated with the home owner’s association, seller or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

 

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