Los Angeles Real Estate Season Begins! Historic Lofts and New Property Market 2020

REAL ESTATE NEWS

Busy real estate season begins early among live/work lofts and urban properties.

For live/work lofts, the home search begins early in the year because most live/work loft buyers and renters don’t have kids. They have businesses, creative, entrepreneurial activities and productive new year’s resolutions. That’s why urban L.A. loft real estate season starts January 2. #losangeles #realestate #new

For something as important as a home to live in, it’s very helpful to know what other home buyers, sellers, renters and landlords are thinking and doing. First, be sure to look at yesterday’s very popular Tips and Tricks for 2020. From historic Mills Act lofts with character and property tax benefits to shiny brand new homes, here’s what they’re already up to this new year:

Top 10 Topics in Downtown L.A. Real Estate

Mills Act Downtown Los Angeles 161,286 Views

LOFTS FOR LEASE 7,305 Views

Live/Work Lofts Downtown LA vs. Residential Studio Apartments 3,034 Views

ALTA LOFTS Los Angeles 200 N San Fernando Rd 90031 1,022 Views

LOFTS FOR SALE 932 Views

NEIGHBORHOODS 756 Views

Kerry Marsico Obituary 689 Views

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Loft Blog Reader Questions

What’s happening at oceanwide plaza los angeles? Here’s the whole scoop on OceanWide Plaza https://www.laloftblog.com/?s=oceanwide

Where can I find a loft in la? Here’s lofts for sale and lofts for lease

Can I see solair condos koreatown? Yes, here’s more info on Solair condos in Korea Town. Let us know if you’d like property information packet or request a viewing 213-880-9910. Remember to tell us the date and time that you’d like to see the place.

Amazon – Not sure what this question is, but we use Amazon all the time.

Downtown la businesses – Here are the L.A. Loft Blog lists of local businesses and residential buildings.

Want More? OK, here’s a list of other popular topics to help get the real estate year off to a big start:

Mills Act Downtown Los Angeles1,334
Home page / Archives47
Live/Work Lofts Downtown LA vs. Residential Studio Apartments35
LOFTS FOR LEASE24
LOFTS FOR SALE8
China Leaves California Real Estate – OceanWide Plaza Quits6
CoreyChambers.com6
LOFT RENTALS HUGE LIVE-WORK LOFT FOR LEASE DOWNTOWN L.A. 2-STORY Alta Lofts 200 N. San Fernando Rd., Los Angeles, CA6
Downtown Los Angeles Real Estate Market Report: End of Year 2019 and 2020 Forecast5
ALTA LOFTS Los Angeles 200 N San Fernando Rd 900315
Industrial Loft For Lease with 20′ High Ceiling Lincoln Heights Downtown Los Angeles4
Affordable Artist Lofts Downtown Los Angeles4
Warehouse Lofts For Rent4
NEIGHBORHOODS4
Should I Buy Condo in Downtown Los Angeles Investment?3
2-Story Condos, 2-Level Lofts with Mezzanines in Downtown Los Angeles Homes For Sale3
Los Angeles Real Estate Tips and Tricks for 20203
MOLINO STREET LOFTS 500-530 Molino Street, Los Angeles, CA 900133
LITTLE TOKYO LOFTS 420 S San Pedro St, Los Angeles, CA 900133
GRAND AVENUE LOFTS 330 W 11th St and 1100 S Grand Ave Los Angeles 900153
BARTLETT LOFTS AND CONDOS 215 W 7th St Los Angeles 900142
EL DORADO LOFTS 416 S Spring Street Los Angeles, CA 900132
GALLERY LOFTS Downtown Los Angeles 120-130 S Hewitt Street, Los Angeles, CA 900132
Solair Koreatown2

Get a free list of Mills Act historic homes with property tax benefits. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

Lofts For Sale
The busy real estate season begins in 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.

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:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

Lofts For Sale
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.