Category: Los Angeles

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Worse Than the Great Depression

CRASH! Countless derelict vehicles symbolize L.A.’s economic downturn, real estate crash.

REAL ESTATE NEWS — Collapse! The economic shutdown may kill or seriously debilitate millions of otherwise healthy persons, largely children. The IMF International Monetary Fund has warned of this, as have many other economists, who are being largely ignored due to corona-panic. KPMG Chief Economist Constance Hunter warns of the shutdown’s resulting catastrophic job losses, “It’s way worse than the Great Depression“: #realestate #collapse | Blog Video

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The Los Angeles property market is in big trouble. Of course, we have a few advantages today that our ancestors did not have back then. In addition to far more technology and social programs, we have tremendous access to information and resources, plus more experience in helping others to cope with crises. Today, we know that the best way to help ourselves is by helping others.

The L.A. Loft Blog provides today’s challenging truth, positive opportunities for a gainful silver lining, along with actions to aid those in need. To help Downtown renters, here’s a discount coupon link for $200 off of the L.A. Loft 3-Hour Tour. It includes property preview videos along with VIP in-person interior viewings, and a 100% satisfaction guarantee. Here’s the Tour Discount Link.

Or request more info on Downtown rentals. Fill out the online form:

A damaged Los Angeles economy cannot support its vast system of social services.

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. #depression

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U.S. Housing Market Has Dropped

New 2 bedroom, 2 bathroom, 2-story penthouse loft apartment for lease
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REAL ESTATE NEWS — The L.A. Loft Blog reported last week that March 2020 Downtown Los Angeles area home prices fell by an average of $35,000. This week, 90% of the members of the National Association of Realtors report seeing interest in homes drop, according to the results of a new survey. 56% of respondents say they have seen some sellers remove their home from the market completely due to coronavirus, according to the survey. NAR Chief Economist Lawrence Yun said, “Home prices will remain stable because of a pandemic-induced reduction in inventory coupled with less immediate concerns over foreclosures.” #us #housing #market | Blog Video

Find out what the home down the street sold for

Find out what the loft down the street sold for. Fill out the online form:

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Couple enjoy view of Downtown Los Angeles

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.