Crash

REAL ESTATE NEWS

Will the recent stock market crash affect real estate? Yes, and weakening real estate has already affected the stock market. Many are unaware that the Downtown Los Angeles property market has been dropping in price and sales quantity for nearly 2 years now, as have many other local real estate markets across the U.S. American real estate caught the Coronavirus on January 21, 2020.

This week, it seems as though the economy is grinding to a sudden halt. Los Angeles Metro trains are virtually empty. Home buyers are evaporating. The L.A. Loft Blog provides analysis results stating that current real estate transactions have only about a 70% to 80% chance of success. Experienced Los Angeles real estate professionals say that the failure rate could quickly escalate to as much as a 93% chance of cancellation based on their 2008/2009 stock market crash experience, when 100% of transactions fell out of escrow for some Downtown Los Angeles real estate agents.

For the astute of means, such as Warren Buffett, significant market fear communicates that it’s time to get greedy. Jeff Berwick made 811% in profit in the crash. All markets offer opportunities for those who are motivated enough to learn, recognize and act on them. The biggest crashes on Wall Street or Main Street can bring the biggest opportunities for the most shrewd, especially for the cash-rich. They’re able to swoop in on bargain prices to gain all of the margin that the mainstream investors miss. If an economic crash is extra “bad”, it allows more buyers to come in and begin buying homes that they otherwise could not afford.

Many other types of opportunities exist in a crashing market. For renters who are paying high monthly rent, just about any time to buy is better than renting if they are planning on staying a while. Rent is a 100% loss to the renter that pays the landlords mortgage, while owning is almost always gaining equity for the home buyer. #crash #stock #realestate

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Some stocks and businesses do well during economic downturns. Defensive stocks include:

Hasbro (HAS)
Ross Stores (ROST)
Walmart (WMT)
Amgen (AMGN)
Anheuser Busch Inbev (BUD)
H&R Block (HRB)
Dollar Tree (DLTR)

Other companies that can do well during recessions include film, theater and video game companies, along with other low-priced, economy products and services. Cigarettes, wine and chocolate can keep selling well, as do consumer staples like groceries, cleaning products, hygiene and cosmetics. Funeral services keep right on humming along. For real estate, the most economical properties, along with some super luxury homes continue doing well. Economical home renovators can stay busy. | Blog Video

Crashes and recessions are perfect opportunities to consult with financial advisors, spot inefficiencies, reduce costs, identify upcoming opportunities, reorganize, forge stronger plans, snap up bargains, prepare for new markets and lay the groundwork for bigger and better ventures.

The Alta loft that is the home of the L.A. Loft Blog was planned during a recession, then purchased at the bottom of a recession, helping to provide excellent long-term stability through all kinds of economic cycles. “We invested heavily in unique systems to really help buyers and sellers during challenging times,” says Los Angeles broker Corey Chambers, “That’s how we’re able to provide worried home sellers a guarantee that their home will sell at a price acceptable to them, or we’ll buy their home for cash.” That guarantee is especially helpful for move-up buyers to buy their new home without worrying about selling their current home.

Loft buildings that perform well during crashes and recessions include the Higgins Building, Alta Lofts and the Elleven lofts.

Home buyers and sellers can get free information on how to save thousands and reduce risks at www.ChambersGuarantee.com

Find out what your neighbor’s loft sold for. 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.

Why is a Painting Worth Three Times as Much as a House? Artist Lofts, Art and Architecture

Architecture vs Art: Why does one sell for more?

REAL ESTATE NEWS

Why did a painting sell for 3X as much as the most expensive home ever sold? #artist #lofts #architecture #davinci #warner

Amazon CEO Jeff Bezos made news when he recently purchased a Beverly Hills mansion for $165 million, setting the record for the most expensive home sold in California. The sprawling estate, originally built for Warner Bros. executive Jack Warner, was sold by media tycoon David Geffen. The 13,000-square-foot mansion, with it’s own nine-hole golf course and gas station, and perhaps could be considered a work of art — so why did it sell for only 1/3 the price of a painting? | Blog Video

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The painting sold in 2017 was created by a person whom many consider to be among the most important creative minds in history, Leonardo da Vinci (1452–1519). Regarded as one of the greatest artists of all time, he is well known for his two other remarkable paintings: The Mona Lisa and The Last Supper. At 26 inches tall, Da Vinci’s third great painting, Salvator Mundi is a painting by the Italian Renaissance artist dated to c. 1500. The builder of the Warner estate was quite proficient to say the lease, but not nearly so notable as eternally celebrated polymath Da Vinci.

While it may take far more expensive resources to make, the estate can be replaced, while the Da Vinci painting cannot. That’s why the painting sold for 300% more than the most expensive home.

Architecture is often considered synonymous with art, and an historic deco sensation like an Eastern Columbia loft usually costs under $2 million. Investing in that kind of masterpiece is genius.

Get a free list of artist lofts for sale or for lease. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

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SEARCH LOFTS FOR SALE Affordable | PopularLuxury
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Historic art deco landmark masterpiece Eastern Columbia Building

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.