Category: Apartments For Rent

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Real Estate Market Los Angeles: Tsunami of Evictions

A ‘tsunami of evictions’ is coming, warns housing advocates

About 28 million people across the country face homelessness as states lift temporary eviction moratoriums put in place to protect people who fell behind on rent because of the coronavirus panic.

At the same time, 30 million unemployed workers will lose their $600 a week in pandemic unemployment assistance, a benefit that is set to expire at the end of the month. Across the country, landlords are filing eviction orders with courts, leading some jurisdictions to hold eviction proceedings online or at large convention centers as social distancing measures are still in place.

As earlier warned by the L.A. Loft Blog, potential economic recovery has stalled due to ongoing panic and mass hysteria..

Homelessness could increase nationally by between 40 to 45 percent this year compared to January 2019, according to a Columbia University study.

In Los Angeles, renter support groups are popping up, encouraging renters to simply stop paying rent.

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Los Angeles consumer groups encourage renters to stop paying.

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.

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Apartment Goliath Greystar Sued over Extraordinary Credit Reports

URGENT UPDATE: VIOLENT PROTESTS IN DOWNTOWN LOS ANGELES

One of the largest multifamily property owners in the country is accused of improperly dealing in extensive financial and personal information on several prospective tenants without their knowledge or consent. | Blog Video

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According to a recent lawsuit, Greystar probed tenants’ character, reputation along with their rental history. The apartment software firm RealPage allegedly compiled extensive dossiers on several prospective LA renters. The potentially intrusive sharing of private data apparently did not delight every applicant.

Eight tenants at Greystar-owned apartment buildings in Los Angeles have filed suit, saying the giant landlord broke California’s Investigative Consumer Reporting Agencies Act by concealing “the nature and type of investigative consumer reports they would procure from the plaintiffs.”

Greystar controls several Downtown Los Angeles rental communities, including Atelier, Circa LA, Roosevelt Lofts, AMP Lofts and 1133 Hope.

Greystar was sued last August for violating state consumer protection law, according to the lawsuit filed Friday in L.A. County Superior Court. But despite “being on notice that its conduct was unlawful, defendant Greystar California committed the above violations anyway,” according to the suit.

Criminal, employment, and rental history are commonly investigated by landlords, but renters complained that RealPage and Greystar were dealing with even more personal data about character, general reputation, personal characteristics and mode of living. The accused real estate companies are said to have violated state law, and committed gross negligence by failing to disclose key facts about the reports.

With its historic character and ideal location, The Roosevelt Building has been quite popular with L.A. Loft Blog readers for many years. More on this story at The Real Deal.

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LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

  Lofts For Sale     Map Homes For Sale Los Angeles

SEARCH LOFTS FOR SALE Affordable | Popular | Luxury
Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking
The L.A. Loft Blog has provided a great deal of information on Roosevelt Lofts over the years.

Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Broker, DRE 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.