Real Estate Set to Collapse Due to Coronavirus

REAL ESTATE NEWS: CORONAVIRUS UPDATE LOS ANGELES, CA

April Fools Day may turn out to be no joke in 2020. Real Estate billionaire Tom Barrack says that commercial real estate is set to fall apart beginning April 1 unless the federal government takes unprecedented actions to stop it by loosening regulations and setting free the purse strings. Due to the current shut down of most businesses that rely on crowds, many of the owners of these stores, restaurants, entertainment venues, travel and many other companies do not have the money to pay rent that is due tomorrow. Barrack expects this to immediately impact the commercial real estate market (which is, in fact, already feeling the impact due to bleak expectations), then quickly spread to other industries. #coronavirus #dtla

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While Barrack is focused on commercial real estate, the residential property market is very much connected, thus shall feel the effects. Lofts and condos around Downtown Los Angeles have already fallen by 3%-7% in the last year, even before the Coronavirus and massive stock market crash. Home prices are expected to fall again in 2020, which has already begun in January and February. #realestate #california | Blog Video

Los Angeles Convention Center Turned Into Federal Field Hospital

While Downtown Los Angeles has achieved significant success in slowing the spread of the virus by social distancing, most feel the economic effects as 60% of Los Angeles residents have experienced reduced incomes, according to Loyola Marymount University’s Center for the Study of Los Angeles. The Convention Center has been turned into a federal field hospital.

Critics such as economist Peter Schiff, Jeff Berwick, notable medical doctors like former Representative Ron Paul and Senators Rand Paul warn that the coronavirus covid-19 reporting by the government, along with coverage by the mainstream media has been overblown or fabricated as cover for a mismanaged economy and bigger-than-ever, super massive bank bailout at the expense of middle-class Americans.

For DTLA real estate, the crisis come at a bad time. The L.A, Loft Blog has already reported declines in Los Angeles real estate, and has additional bad news to report. We will present a full report on the Corona Crash effects on residential real estate in the coming days.

Find out what your neighbor’s loft sold for. Get a free list of recently sold homes in Downtown Los Angeles or anywhere in California. Fill out the online form:

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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.

Mills Act Downtown Los Angeles, L.A. Loft Blog and Lofts For Lease: Live/Work Lofts Downtown LA vs. Residential Studio Apartments

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Reader Questions: #millsact #laloftblog #loftsforlease

Q: What are artist in residences adaptive reuse ordiances los angeles? A: Artists lofts and information on the Los Angeles Adaptive Re-Use Ordinance can be found on the L.A. Loft Blog

Q: Where can I find industrial building los angeles? A: Industrial lofts and warehouse lofts can be found on the L.A. Loft Blog. If you need to do noisy work other industrial production, then get assistance from a commercial real estate professional like Susan Saidi.

Q: How can I find a live work loft dtla? A: Live/Work lofts can be found on the L.A. Loft Blog. #livework #lofts #studio #apartments

Questions? Call the L.A. Loft Blog Real Estate Help Line 213-880-9910

Get a free list of Mills Act historic lofts with property tax benefits. 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 | 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. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.