Month: May 2019

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Falling Home Prices – Bear Market for Real Estate – Boring Company’s Exciting Car Race

REAL ESTATE NEWS

The L.A. Loft Blog is known for delivering early, actionable news, bad and good, about urban home prices and the local economy. #dtla #homeprices

The mainstream news is usually at least 6 month behind behind because they generally rely on official government data, which is often too broad and too slow to be of much use here.  In fact the late news is often counter-productive because it give the population the idea that they should be cutting back right when it’s time to start investing for an upcoming real estate market boom, or after its too late to reduce costs for a coming downturn.

Some business reporters have been properly ahead of the pack with accurate predictions. These reliable soothsayers include David Haggith of Seeking Alpha. He bravely calls today’s real estate market “Housing Collapse 2.0” in his latest statistics-based article.  #real estate #market

CNBC helpfully brings another ahead-of-the-curve financial analyst hedgefund veteran, Mark Yusko of Morgan Creek Capital. He swiftly proclaims that “we’re already in a bear market,” projecting a shallow recession .  |  VIDEO

L.A. Transportation Tech News

Elan Musk’s Historic Boring Company Race

Regardless of the economy, few dispute that Los Angeles needs a major improvement to our clogged freeway system. Now, Elan Musk has proven beyond all doubt that Boring tunnels bring the right transportation solution today to ensure a fast future.  |  VIDEO

Musk wants to create some of his next high-speed tunnels right here near Downtown Los Angeles, right into Dodger Stadium.  The Dugout Loop tunnel will allow us to zoom to the West Side or Santa Monica in just a few minutes. This project must be green-lit right away if the DTLA community cares to receive a brilliant notation in transportation history.

Find out what the home down the street sold for

For Downtown L.A. and much of Southern California, the future is bright regardless of the fact that some home prices are falling.  Find out how much the home down the street sold for. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

  Lofts For Sale     Map Homes For Sale Los Angeles

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.

 

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Los Angeles Live Work Lofts – Get Out of the Suburbs

Also in this article:  Loft Down Payments; Corrupt HOA Boards  #losangeles

Escape from the Burbs

For those who wish to escape the soul-crushing doldrums caused by monotony and mediocrity of suburban life, big city loft living often reveals the solution. The urban lifestyle provides a more natural social environment that is also more conducive to career and lifestyle efficiency. And think twice about moving to a rural area; cities are safer. Many are unaware that cities are safer than rural areas. Here are some more articles on why suburbs are bad for your mental health, and how Downtown Los Angeles is the cure.  #downtown #hoa

https://www.businessinsider.com/why-suburbs-are-bad-2016-9

GET OUT of the suburbs

Down Payment For Loft   #downpayment

While lofts can be purchased with the same low down payments as typical condos and houses, industrial and commercial loft conversions do tend to involve more complications than the average home purchase.  Most lenders have little or no experience with loft condo financing.  Mortgage brokers, banks and underwriters are usually unaware that a loft is involved until late in the lending process and late in the escrow, when the underwriter checks the building to find out that it is listed is a commercial building instead of a residential building, and that the building has ongoing commercial use, and commercial structure.  More than 25% of lofts for sale today involved a building with current or recent litigation or lawsuits.  For these reasons, a loft lender is often needed, and sometimes a litigation lender is required for financing.  Nearly 40% of loft purchases are made with cash, but the majority still involve financing, usually with around 20% down.  Those with less down payment, who have stable financial situations often put just a 10% or 5% down payment.  3% FHA/VA loans are basically out of the questions as their rules don’t match well with condos lately. How about no down payment? Veterans, doctors and lawyers can do zero down loans, but they rarely take advantage of that possibility.  Get a free list of most challenging loft buildings to finance, as wells as a free list of loft lenders at www.LALoftLoan.com

COMING SOON IN THE L.A. LOFT BLOG:  BAD BOARD 2: From Bad to Worse, Symptoms of a Corrupt HOA Board  |  See original article Bad Board Part 1

Check out L.A.’s possibilities and dangers of flying cars:  ARTICLE

Get a free list of loft lenders.  Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

  Lofts For Sale     Map Homes For Sale Los Angeles

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.