The average U.S. rent has climbed 14 percent to $1,124 since 2010. While Downtown rentals are under rent control laws, most rentals in Downtown fall under various rent control loopholes that allow for sharp rent increases. The median Downtown Los Angeles rent in the last 6 months was $2,600 per month for 995 square feet. Read the full CBS News story at http://www.cbsnews.com/news/why-rents-are-going-only-higher/
Here is a list from all brokers of what new Downtown renters actually paid in the last 30 days (click More Details to see SP Sold Price):
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RENTERS: Stop Paying Your Landlord’s Mortgage.
Free Report reveals How Easy it is to Buy Your Own Home.
If you’re like most renters, you feel trapped within the walls of a house or apartment that doesn’t feel like yours. You’re always thinking about how you can get out of this rut and leap the hurdle into home ownership.
Get your copy by completing the form on this page.
Distress Sales resulting from bank foreclosures often represent a great way to get a fantastic deal on a loft. It’s not easy for the average loft buyer to find these deals, because you have to keep searching to see when one comes up.
If you’re the type of person who recognizes what a great deal some of these properties could represent, you will be interested to know about a new free service which automatically searches out and downloads a current list of all such properties day in and day out. When you receive this free, no obligation service, you’re automatically plugged in to the most current list of Foreclosure Properties on the market, in the price range and area that interests you. You can also have access to updates of the list as new properties are added to it.
Here’s how it works. You will receive a FREE report listing the current Foreclosure properties (including photos) in your desired price range and location. There is no cost for this information, and absolutely no obligation. This insider information, sent to you in an incredibly simple and efficient format, will give you a huge advantage over other buyers in the marketplace.
You can request this free “Distress Sales and Bank Foreclosures Hotlist.” Fill out the online form: