Commercial real estate professionals have been crying for help over the past few weeks. The National Multifamily Housing Council just reported that on-time rent payers just fell from 81% in March to just 69% for April. This is an unprecedented increase in unpaid rent, a economic breakdown of historic proportions. #losangeles #realestate #coronavirus | Blog Video
The crash has just begun, but Fox Business says that real estate boom is just around the corner. Can this be possible? If so, how? #recession
The L.A. Loft Blog has disclosed our analysis and expectations of massive economic downturn, painfully slow real estate collapse with even slower recovery. Astute L.A. Loft Blog readers prepare for the worse while recognizing equivalent opportunities for impressive gains by those who are tuned in to the shifting course of markets.
Most Americans sadly don’t understand economics very well. Money and economies don’t respond well to being neglected or disrespected. Shutting down an economy for a short time shall lead to much worse economic turmoil, for a longer period of time than most expect. It takes much longer to hire than to lay off. Sliding down is much faster and easier than climbing up. The good news is that climbing back up is possible. For some, including many readers of the L.A. Loft Blog, recession opens the window to greater wealth.
Those with diverse wealth positions have already begun to snap up deals. Warren Buffet and the like have already sold some assets near the top of the market to maximize their cash on hand (as the foolish asked “Why does Warren Buffet keep so much cash on hand?”). Next, the Warren Buffetts of the world are already very busy watching, then studying and researching, before finally nabbing huge deals and steals for tremendous profits. The average Joe can do the same, provided he has the same motivation and discipline.
Many will work two or three jobs to find themselves still losing ground, losing their minds and health due to stress and anxiety. That’s especially true for those who don’t come from a background of investment, or who are not motivated to rise up above the modern day chaos of panic and widening class division.
Investors know about the easier way: Cutting expenses to reserve cash, to buy up super deals — this is the primary, simple formula for surviving and thriving a major recession. While real estate is the great American dream and historically proven way to wealth creation, real estate works best when purchased right along side today’s game-changing investments like Bitcoin, old standbys like gold, and recession money-makers like short-selling of bad stocks.
HOW TO STEAL A LOFT
The reason why real estate is now on sale is because few people wish to buy a home today. This lack of demand corresponds to quickly falling home prices. The few who are considering the purchase of a property now find it hard to tour homes for sale, although we’re seeing an increasingly questionable pandemic #filmyourhospital with a much lower-than-predicted infection rate, and much lower-than-reported fatality rate. Buyers should know that Downtown L.A. condo prices have already dropped by more than $35,000 in the last two years.
Here are tips and tricks to get a great deal:
- Place back-up offers on the most desirable properties.
- Place back-up offers on the most imperiled escrows.
- Check out foreclosures, pocket listings, off-market properties, coming soon, unclaimed homes and other deals. There’s a bigger list of special deals on the L.A. Loft Blog. Read LA Loft Blog posts about how to turn “crash” into “cash.” Make every day lucky by spending less and getting more.
GETTING A STEAL – In addition to placing a lower offer and spending more time negotiating, brave home buyers can use some advanced tactics and strategies to get the best deal. Several of these methods of finding and buying good deals are on the L.A. Loft Blog. Here are the Top Seven Steals: Downtown Los Angeles Real Estate Deals; Best Deals in Downtown Los Angeles; Mills Act and the Top Ten Most Amazing Real Estate Deals; Best Deals Under $500,000 in Downtown Los Angeles; Downtown Los Angeles Lofts For Sale – How to find the best deals; Downtown Los Angeles Lofts and Condos – Best Deal Types
Reader Questions
Q: What is the contact info for beacon lofts association? A: Find HOA contact info at www.HOADTLA.com
Q: What’s happening at savoy condominiums los angeles? A: The best thing about the Savoy is the awesome location between the best part of the Arts District and the best part of Little Tokyo.
Q: What happened with the murder at the watermarke tower? The WaterMarke Tower has recently been known for people coming and going with very little security. Here’s what happened when a guy was killed over an apparent drug deal gone bad.
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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.