It’s the one word that real estate agents avoid like the plague!
In economics, it’s a business cycle contraction when there is a slowdown in economic activity. Macroeconomic indicators GDP, investment spending, capacity utilization, household income, business profits and inflation fall, while bankruptcies and the unemployment rate rise. #distresssale #dtla
It happens roughly every 6-10 years on average. The masses fear it, while the 1%, the wealthy, the financially astute and up-and-comers all know how to take full advantage of it.
Risk comes from not knowing what you’re doing. — Warren Buffett
Not sure what to do? Those who don’t feel on top of the world can quickly fix incorrect thinking by following these basic steps: Calm down, sit down, think, plan and act.
Get a free list of Downtown Los Angeles distress sales. Fill out the online form:
LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]
SEARCH LOFTS FOR SALE Affordable | Popular | Luxury
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. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.