More Bad News for Real Estate

Lawless L.A. decomposes into patchwork of sidewalk-smothering junkyards.
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While the politicians do what they do best, the honest, hard-working professionals provide the truth about what’s really happening with the national and local property markets. | Blog Video

In his video webcast Q&A session, real estate investor Ben Mallah updated us on the tears that he’s been recently shedding because there are currently not enough buyers willing to pay a reasonable price for one of his hotels that he’d like to unload. Warning that we’re in very dangerous times right now, Ben suggests reducing expenses, selling unnecessary property, and keeping extra cash on hand. Mallah says that he’s “taking a beating” because of the crazy virus.

Perhaps the biggest takeaway from the show: censorship is rampant and costly. Like thousands of other Youtubers, Ben Mallah and guests are unable to speak freely, as Youtube demonetizes videos that include colorful language. The video-sharing platform also defunds content for merely mentioning the name of our time’s most relevant viruses. Censorship, exaggeration, obfuscation, emotional turmoil and disconnected markets all indicate that panic and mass hysteria are much more damaging to our physical, emotional and economic health than any virus at the present time.

In Los Angeles, real estate professionals privately discuss the “dead” local housing market. Some pros keep a stiff upper lip, focusing on what little positive news they can find. Other real estate agents have gone broke, changed industries, overdosed and committed suicide. While the number of real estate transactions has plummeted, the more industrious agents are supplementing their income with their own investments including 4-plex rental income, AirBNB, mortgage lending, marketing and cryptocurrency investments.

While some suburban homes continue to rise in value, urban home prices in big cities have been falling precipitously. Commercial real estate has been collapsing as retail and restaurants cannot afford to pay their rents.

The good news is that there are far more opportunities than many might imagine. From shorting stocks to cost-cutting technologies and ecommerce, there may be no better time in history for highly lucrative career changes. Times of crisis and turmoil are precisely the times for the bold, enterprising adventurers to pivot and profit. According Cathie Wood of ARK Investment, today’s leading edge money-making industries include these disruptive game-changers: deep learning, streaming media, electric vehicles, automation, 3D printing, autonomous ride hailing, aerial drones, next generation DNA sequencing, biotech R&D efficiency, digital wallets and bitcoin.

Find out what your neighbor’s loft sold for. Get a free list of recently sold homes in the area. Fill out the online form:

Partially empty DTLA highrise apartment tower stands near abandoned construction site

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.

Real Estate vs Bitcoin Investment

Reader Questions:

We’re happy to provide the answers to these reader questions: #realestate

Q: Is there an artist loft los angeles for rent? A: Yes, find artist lofts for rent http://www.laloftblog.idxbroker.com/i/artist-lofts-for-lease-all
Q: Has oceanwide plaza resumed construction? A: We can see no sign of construction progress at the Oceanwide Plaza project site | Video
Q: What are the lofts for rent near me? A: Those near Downtown Los Angeles can find lofts for rent at https://www.laloftblog.com/lofts-for-lease/
Q: What’s available at the brewery la lofts? A: Brewery Lofts in Los Angeles at 1920 N Main St, Los Angeles, CA 90031 can be reached at 323-222-3007
Q: Can I see the interior of 1100 s bixel? A: We’re not familiar with anything at that address. Perhaps you are referring to 1100 Wilshire www.1100Lofts.com

It’s our pleasure to answer reader questions. Below is additional information about some timely blockchain and cryptocurrency topics:

DeFi Yield Farming – Crypto Investors Claim to be Raking In 100%+ Annualized Yields, according to Forbes. This new blockchain derivative attracts investors into the world of crypto finance. It’s about borrowing blockchain capital or otherwise leveraging DeFi protocols and products to generate high rates of return. In some cases, more than 100% annualized yields have been achieved when factoring in “cashback” bonuses and incentives.  Twitter is among the most popular places to advertise, promote and educate about these new blockchain investment methods such as $COMP on @Instadapp.  One Twitter user, DeFi Dad, offers a $250 per month return on $10,000 investment.  These promises represent among the riskiest of investments, if you can call them that. The higher the offered ROI, combined with the fewest details and disclosures provided, the greater the risk of potential fraud and loss of investment capital.  For example:  If a Facebook user offers a bitcoin investment with a 200% return in one week, the investor/victim should suspect a ponzi scheme or other scam.

Stablecoin – Cryptocurrencies designed to minimize volatility of the price of the stablecoin, relative to some “stable” asset or basket of assets. A stablecoin can be pegged to a cryptocurrency, fiat money, or to exchange-traded commodities. Tether is the most popular stable coin, and is pegged to the dollar.  Stablecoins may offer the same or greater risk than other cryptocurrencies, but stable coins go down in value, while other coins usually have large upswings in value. Stablecoins also tend to be manipulated by a controlling company, and may lack outside auditing. When a stablecoin destabilizes, it may drop in value precipitously.

Ethereum – The second largest cryptocurrency platform by market capitalization, behind Bitcoin. It is a decentralized open source blockchain featuring smart contract functionality. Ether is the cryptocurrency generated by Ethereum miners as a reward for computations performed to secure the blockchain. Ethereum powers thousands of applications.

Entar Coin – The L.A. Loft Blog recently announced the launch of Entar Coin, designed to tokenize and fractionalize real estate, and even to provide rewards for L.A. Loft Blog readers and thousands of other uses. Get 100 free Entar Coins while supplies last:

ENTAR COIN FAUCET

Real Estate – The king of investments, real estate is the largest investment achieved by the average American.  More than 64% of American families own their home.

Get a free list of investments. #bitcoin

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. #investment