January 2021 – Page 12

Bitcoin takes lead in investment results.

REAL ESTATE NEWS

As the darkness of an economic winter envelopes urban real estate, the number of Bitcoin millionaires has more than doubled in the last two months alone. More than 50,000 tech nerds and investors now own $1 million or more each of the first (and still most popular) blockchain cryptocurrency. The Loft Blog recently reported that 2020 continued a two-year trend of falling home values in DTLA.

Lofts and crypto are both really cool things. They’re both considered unorthodox investments, seemingly risky to many, yet correspondingly more rewarding than their stodgy counterparts: the traditional single family home and the ancient precious metal gold. As investments, real estate does not compare to Bitcoin, which has beat the property market by more than 100 to 1 in return on investment over the last 10 years. While Bitcoin is the reigning king of profit, you can’t live in a bitcoin. That being true, a $25,000 investment in Bitcoin seven years ago allows that investor to own ten downtown lofts today. Real estate professionals forecast that Downtown real estate may take around five years or more to unwind, and then to make a significant recovery. By that time, a single Bitcoin is likely to be approaching the value of a condominium unit.

Fortune favors the bold, the hard-working and the determined. Real estate success, especially in a down market, is predicated upon economic success. The Loft Blog extends once again its strong suggestion that readers learn, experiment and take advantage of new investment technologies.

Bitcoin Consultation

Get a free list of available Downtown Los Angeles lofts apartments and condominiums. Find out pricing, availability and details. Fill out the online form:

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Urban middle class confounded by massive shifts in economics

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 01889449, MPR Funding Inc NMLS 2000513. We are not associated with the seller, 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.

Pocket Listings with Character — Exclusively for Readers of the L.A. Loft Blog

Spectacular dream lofts with two-story super high ceilings, bold character, high up and penthouse level lofts with balcony and fireplace. Extra large windows, spiral staircase, extra office space, oversized tubs, access to a furnished rooftop — some have swimming pools, free guest parking and quiet courtyard serenity, while others have prime bustling energy with city views. Walk to Whole Foods, Clifton’s, Ace Hotel, the metro and dozens of other fantastic restaurants and bars. Some of these Historic Core and Little Tokyo high-up loft units are recently remodeled with marble-tiled bathrooms with oversized oval bathtubs; extra closets, shelves and a hidden laundry areas, washer and dryer in unit. Glass railing, separated sleeping areas. Extra mezzanines, 24-hour security. Get more information on these unlisted Loft Blog exclusives, and photos available by special request. Use the Pocket Listings form below. | Blog Video

ASK COREY! READER QUESTIONS

Q: What is the status of the 527 s molina pool? A: I think you might mean 527 S Molino Street Barker Block Warehouse One loft condominiums. The swimming pool deck repair and remodel is nearly complete, but it’s not yet available for use, until the virus hysteria is over.

Q: What’s up with the tents in downtown los angeles? A: The homeless encampment situation is growing ever more serious as L.A. sidewalks and streets disappear, swallowed up by sprawling tents, personal belongings, drug dealers tents, unlicensed businesses, chop shops, garbage and illegal dumping. Not only do the radical anti-middle-class policies of city officials and LAPD violate city ordinances, state laws and federal laws, but they increase the homelessness, worsen the burden on taxpayers, block kids approaching schools, block women and children from entering parks, and increase illegal drug use, overdose and violent crime.

Get a free list of pocket listings, coming soon and pocket listings. Fill out the online form:

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LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]