Mills Act Lofts – Top Ten Downtown Los Angeles Real Estate Topics

Why are They Trying to Stop You from Getting Mills Act Tax Benefits?

When they try to stop us from doing something, it’s a big sign that something is a big benefit for us, maybe not for them.  In this case, that something is Mills
Act homes.  So good that they don’t want us to have it? Because Mills Act saves homeowners 66% on property taxes.  These beautiful historic properties give about 2/3 of the property tax right back to us, so we get more resources to maintain these amazing pieces of timeless architecture.  That is like getting paid about $6,500 per year to live in an awesome historic loft.  That’s a super good deal.  NOW factor in the increasing benefits as property taxes increase over time, and, for long-term residents the benefits could add up to many tens of thousands of dollars, possibly more than $200,000 in property tax savings over a mortgage term.  That’s HUGE!  This is so good that they will try to stop it. The Mills Act deal must be renegotiated every 10 years.  #millsact #lofts #dtla

Just this week, Facebook (which has been on an appalling spree of censorship), told us that we can not advertise these properties unless we get special  permission (see “Enemy of Truth” below), and we must first register as a political advertiser. Well, they are having serious difficulties with the truth, utterly unable to figure out what is and what is not a political ad.  We informed the pilferer of privacy several times that Mills Act property ads are not political ads; they are local real estate ads.  They ignored us  — they have no interest in the truth.   For now, we are going to ignore their political problems, and we will use all other platforms to provide more details about Mills Act properties, which are currently the #1 most popular topic chosen by readers of the L.A. Loft Blog.

With property tax benefits, along with up to 50% business expense write-offs, Mills Act live/work lofts are among the very smartest deals when it comes to tax savings.   Tell us what you think.  COMMENT

Get a free list of Mills Act properties with tax benefits. Fill out the online form:

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Facebook said:
“Not Authorized for Ads with Political Content
Your ad was not approved because your Page has not been authorized to run ads with political content.
What to do: Complete the authorization process.
We’re asking people who want to run ads related to politics or issues of national importance to confirm their identity. This is part of our efforts to increase the transparency and authenticity of our ads, and know more about who’s paying for them.
None of the information you provide to confirm your identity will be shown on your profile or in ads.: The text and/or imagery you’re using is related to politics or an issue of national importance, based on the definition we’re using for enforcement. However, your Page is not authorized to run these types of ads.
You can learn more about what qualifies in the Ads Help Center.
What to do next:
You must authorize your Page to run ads related to politics or an issue of national importance. To begin the authorization process, please visit your Page’s Settings. You can find more information here. Once you’re authorized to run these ads, choose the option to run this ad with the disclaimer you create in the Authorizations process.”

Facebook is insisting that we send them personal information to register as a national political advertiser, which we currently have no plans to do any time soon.  —  MillsActLA.com

Copyright © 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 associated with the homeowner’s association 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.   |   COMMENT

Downtown Los Angeles Real Estate Meets Goldilocks – Home Prices

Just the right size, just the right temperature?

REAL ESTATE MARKET NEWS (Downtown Los Angeles)  —  The August market report is in.  Is the Downtown L.A. economy just right, or is it the calm before the storm?  Let’s take a look at the August 2017/2018 numbers to create a clear picture.  #dtla #realestate #news

DTLA home owners and sellers are happy.  The price of Downtown real estate is higher in August of 2018 than it was during the same period a year ago. The average Downtown home price increased from $761,000 to $782,000.  The average condo is selling faster than a year ago as well. What took 67 days to sell last year took 64 days this year.

Prices are up a perfect 2.7%. The average selling price to average listing price ratio has dropped from 94% to 93%, which is just enough bad news to take the temperature from too hot to just right.  Better yet, the only other negative news is a smaller overall market with new listings dropping from 44 to 38, which can be good news for the few who want to sell.

Take a look at the Metro Downtown Market Analysis reports:
August 2017
https://www.themls.com/Share/YWFhYWpnZ2pj

August 2018
Find out what the home down the street sold for
According to the numbers, the Downtown real estate economy is picture perfect, except for real estate professionals, who must compete more fiercely for their piece of a smaller pie, which shrank from total August volume of $33.5 million last year to less than $30 million in 2018.  We can clearly see good news that is reigned in by not-so-bad news.
The heat of Downtown Los Angeles real estate has been successfully turned down to a comfy temperature.  Goldilocks and the Downtown homeowners are perfectly warm and snug while the size of the average home price is just right — for the moment.
Find out what your neighbor’s loft sold for. Get a free list of recently sold homes with prices. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

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SEARCH LOFTS FOR SALE Affordable | PopularLuxury
Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking

Copyright © 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 associated with the homeowner’s association 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. Some numbers are rounded for simplicity. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.