Downtown Los Angeles Real Estate Top 10 Questions about Lofts and Condos

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REAL ESTATE NEWS — L.A. Loft Blog readers are always the most savvy and knowledgable about local real estate. Everyone wants to know what’s happening with home prices, new condos, industrial lofts and other interesting properties. Here are the Top Ten Reader Questions of the week: #alta #chase #eckardt | VIDEO

What is available at Solair condos koreatown? You can see what is for sale and for lease at Solair luxury highrise condominiums in Korea Town at www.SolairKTown.com

Are Alta lofts CA conversion? Yes Alts Lofts in Los Angles, CA are condos in a converted industrial building, formerly known as the Fuller Paint Company. Alta lofts are known for being bigger, nicer and cheaper than lofts in Downtown L.A. www.AltaLoft.com

Whats happening at Chase Tower Los Angeles? Otherwise known as 1100 Wilshire, the luxury highrise loft condominium building has modern soft lofts for sale and for lease, along with high-end amenities. www.1100Lofts.com

Is The Eckardt Building in Santee Village? Yes the Eckardt building is one of the three loft condominium buildings that is part of the homeowners association, along with the Cornell building and the Textile building www.EckardLoft.com

What is the nature of Alta Lofts CA construction? Alta lofts is not brand new and under construction, but it is under repair construction, which has gone on for the last two years after the builder and developer settled litigation to pay for concrete sealing, water resistance, drainage, floor re-sloping, re-finishing of flooring, rooftop safety rails and other improvements to the building. The bulk of the work appears to be completed, but some repairs and improvements are still in process www.AltaLoft.com

How can I get a copy of the master insurance plan of the Eastern Columbia lofts building? – Call HOA phone number that you can find in the Downtown Los Angeles Home Owners Association directory at www.HOADTLA.com

Is there a floor plan for lofts for lease? I live in SF and can fly to see rentals. – Instead of you wasting $300 travel, we can send you a video wakthrough to show the layout, and apply free. Call 213-880-9910.

Mobile homes as investments to fix up and rent out – look closely at space rent or HOAs plus maintenance to ensure that the total costs are less than the rent amount that you will receive as an investor. Usually you want to own the land so that your investment will grow while your costs stay low. Call us at 213-880-9910 so we can send you all of the mobile homes for sale that match your home buying criteria.

How much does it cost to buy a house in Los Angeles? About $650,000 for a single family home. A very nice house in the most desirable neighborhoods may cost about $1,500,000 according to LACurbed.

How much is a 2 bedroom to rent in Downtown LA? Two bedrooms usually starts around $2,600 in DTLA www.LALoftLease.com

DTLA real estate tips and tricks for 2020

Find out what the home down the street sold for

HOME PRICES – Find out what the home down the street sold for. Get a free list of recently sold homes, with final sale amounts, along with a list of homes just listed. Fill out the online form:

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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.

Chinese Real Estate Los Angeles: Downtown Condo Market Cools as Foreign and Domestic Investors Pull Back

China-funded development of super luxury Metropolis condo highrise with Indigo hotel

REAL ESTATE NEWS

The LA Loft Blog recently reported that Chinese companies are pulling out of Downtown Los Angeles as real estate developer Greenland decides not to complete the last building in the Metropolis condo complex. As other expensive projects are shelved amid construction non-payment lawsuits, mainland China cannot hide its economic woes. OceanWide Plaza megaproject sits uncompleted while financially strapped Mainland China developer quietly seeks a buy-out.

Bloomberg reported recently that Los Angeles condo sales have cooled as Chinese capital stays at home. The #realestate market in downtown Los Angeles is taking a hit as #chinese cash dries up. Condo sales plunged 31% in the third quarter from a year earlier. Chinese and other foreign buyers had made more than 25% of the purchases in downtown Los Angeles in recent years, but tightened restrictions on capital flowing out of China have recently hampered the market. As the trade war between the U.S. and China approaches its second anniversary, Beijing is making it tougher to shift money abroad, imposing capital controls to help stabilize its currency. That’s weighed on the real estate market in cities including #losangeles, New York City, San Francisco and Vancouver.

California Condos Cooling

Bloomberg reports confirm earlier Loft Blog articles on Downtown L.A. condo prices having fallen from a peak in early 2018. Restaurants, shopping, entertainment and transportation infrastructure has attracted nearly 50,000 new residents since 2000. Tens of thousands of new homes have been built, while thousands of new apartment and condos are still under construction. This includes thousands of new luxury high-rise units. These expensive upscale condos are suffering the most as mainland China is hit hard by communist capital controls, tariff battles and economic uncertainty. Investors and other prospective home buyers don’t like the value of today’s relatively high Downtown condo prices.

China’s Fake Economy

The South China Morning Post reported that China is proving to be mired in significant inaccurate financial reporting. China’s economic census has uncovered bunches of fake data. As China’s cash has dried, corporate has borrowing soared. Local Chinese officials of Guanghan and other areas have been found to have gone to extraordinary lengths to manipulate raw data to obscure the real financial health of the economy. They reported growth of 9% while the real growth was likely closer to 0%.

American’s and other financial connections have access to some of the true data, which gets easier to see as the financial tide goes down to reveal the naked truth of financial struggles.

CNBC reports that China’s corporate borrowing has shot up while cash flows deteriorate. China’s cash flows have deteriorated quickly, and new orders continue to fall. Shadow banking is making a resurgence as the CPC Communist Party of China attempts new crackdowns on bankers. China’s cash flows have rapidly deteriorated recently as fourth quarter 2019 late payables and deliverables skyrocketed to the worst levels ever recorded. China’s woes are likely to worsen before the get better because new orders continue to fall. Corporate borrowing has risen to unprecedented rates as business loan applications in China shot to an all-time high, with more than 30% of manufacturing, retail, services and real estate developers needing to borrow money.

China’s communist dictator always has plenty of lowly individuals to pin the blame on. Several bankers have been sentenced to death recently.

Trade War Affecting China, Reviving Trend of Shadow Banking

Borrowing rose in every sector this quarter. China saw overall export orders fall in the second half of 2019, as American tariffs on Chinese goods took effect. With the U.S. and China entering a trade truce this December, the President Trump’s Phase One China deal is expected to help reduce China’s economic freefall.

Mainland stocks tumble as China cut tariffs on over 850 products

CNBC reports that mainland Chinese stocks have been tumbling. The Shanghai Composite is down more than 10% since February 2018, and down more than 25% from its peak in May 2015. China just announced a few days ago that it will lower import tariffs on over 850 products as part of the Phase One trade deal talks. The trade war armistice may be too little too late for China. The communist-backed semiconductor fund has announced plans to reduce holdings in some tech firms, according to a Reuters report. Tech stocks, then broader stocks have just dropped.

Find out how much your home is worth. Get a free list of recently sold homes in your area. Fill out the online form:

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Arson fire / flood inconveniences super luxury Metropolis residents, as developer runs dry

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.