Downtown Los Angeles Highest Turnover Streets

REAL ESTATE NEWS ¬†— ¬†What are the areas of Downtown L.A. that have the most recent sales and resales?

Downtown Los Angeles
Downtown Los Angeles

High turnover can present greater opportunities for growth, while low turnover can offer more calm and stability. Just ten streets in Downtown Los Angeles recorded more than 40% of all of the high turnover, the largest number of buyers and sellers quickly buying and selling:  S Grand Ave, S Alameda St, S Hope St, S San Pedro St, S Grand, W 1st St, Montecito Dr, W 9th St, S Los Angeles St and S Broadway. #dtla #downtownla #turnover

Here is the complete Top 10 Turnover List for DTLA:

Street, Units Sold, $ Volume, Share, Cumulative Share, Avg Days On Market, Avg Sale Amount, Avg Sale to Asking Price Ratio, @100%, Row

S Grand Ave
21
18,861,988
6.563%
6.563%
65.9
898,190
98.65
8
1

S Alameda St
17
9,699,000
5.313%
11.875%
62.3
570,529
98.50
7
2

S Hope St
15
10,750,000
4.688%
16.563%
46.6
716,667
98.12
3
3

S San Pedro St
14
6,140,000
4.375%
20.938%
47.7
438,571
98.48
3
4

S Grand
13
16,177,000
4.063%
25.000%
36.0
1,244,385
99.42
9
5

W 1st St
12
7,520,500
3.750%
28.750%
45.2
626,708
97.38
1
6

Montecito Dr
11
8,342,000
3.438%
32.188%
28.6
758,364
106.08
9
7

W 9th St
11
6,904,800
3.438%
35.625%
47.5
627,709
99.16
5
8

S Los Angeles St
11
5,218,221
3.438%
39.063%
44.5
474,384
98.73
4
9

S Broadway
10
11,603,000
3.125%
42.188%
110.3
1,160,300
93.98
3
10

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Downtown LA
Downtown LA

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.

The SoCal Home Monthly Newsletter for February 2018

 Love Remedies a Multitude of Wrongs

February as you know brings in Valentine’s Day, where many of us scramble to make sure those close to us KNOW we love them! After all – Love is a many splendid thing.¬† While love for our family and friends is the most important, I think it’s also important to express my love for helping people find a home where their heart is. ¬†#socal #home #newsletter

My favorite love description is: Love is patient, Love is kind. It does not envy, it does not boast, it is not proud. It is not rude, it is not self-seeking, it is not easily angered, it keeps no record of wrongs. Love does not delight in evil but rejoices with the truth. It always protects, always trusts, always hopes, and always perseveres.

I could go on with all kinds of examples like ‚Äď Love Your Neighbor as Yourself, even go all business on you with accolades about how much we love doing business with you, or how much we love your referrals and more ‚Äď but, the point is we do love helping people sell and buy real estate. And those people say we are good at it!

Please know that my team and I are eager to help anyone you know wanting to make a move so much so that we are willing to make an offer that they will LOVE ‚Äď AND ‚Äď the Kids at Children‚Äôs Hospital Los Angeles will love too.

For the month of February, anyone considering making a move that you refer to me, we will guarantee them in writing their home will sell or we’ll buy it at a price acceptable to them.  We just need to agree on the price and possession date with the seller.

Just like we are thankful for you and your business, I am confident your referrals will be thanking you for guiding them in the right direction on getting their home sold!!!

Also included with this month’s newsletter is a story about a very special 11 year-old boy with a 10 year-old heart! ¬† #coreychambers


Please know that my team and I are eager to help anyone you know wanting to make a move, so much so, that we are willing to make an offer that they will LOVE ‚Äď AND ‚Äď the Kids at Children‚Äôs Hospital Los Angeles will love too.

For the month of February, for anyone considering making a move that you refer to me, we will guarantee them in writing their home will sell or we’ll buy it at a price acceptable to them. We just need to agree on the price and possession date with the seller.

Just like we are thankful for you and your business, I am confident your referrals will be thanking you for pointing them in the right direction to getting their home sold fast!

And remember, YOUR referrals really do help Children’s Hospital of Los Angeles‚Ķ

We are still on a mission to raise $25,000 for Children’s Hospital of Los Angeles. We do this by donating to them a portion of our income from homes we sell. As you may know, Children’s Hospital of LA does miraculous work in helping kids fight through and survive some of the worst life threatening diseases like cancer, Non-Hodgkin’s lymphoma, leukemia, and more.

BUT- they rely on Sponsorships and Donations to continue providing a uniquely supportive and healing environment. Donations also benefit families by helping to keep overall expenses as low as possible. So, YOUR REFERRALS REALLY DO HELP THESE KIDS!


Referrals help the kids at Children's Hospital Los AngelesWe are on a mission to raise $25,000 for Children‚Äôs Hospital Los Angeles (we have already raised over $2,500).¬† Kids under the care of Children’s Hospital are more likely to survive serious diseases and cancer.¬† BUT, Children‚Äôs survives because of our sponsorships and donations.¬† So, the Corey Chamber’s Team makes it a point to donate a portion of our income from selling homes to help support the great work that they do.¬† Your referrals REALLY DO help the kids!

With that in mind — whom do you know that’s considering buying or selling a home?¬† When you refer them to my real estate sales team, not only will they benefit from our award-winning service, but we donate a substantial portion of our income on every¬†home sale to Children‚Äôs Hospital Los Angeles.¬† It‚Äôs easy to refer your friends, neighbors, associates or family members considering making a move.¬† Go to www.ReferralsHelpKids.com and enter their contact info online or forward the link to those whom¬†you know are considering a move OR you can always call me direct at 888-240-2500.

I want to make it easy for you to refer your friends, neighbors, business associates, or family members considering making a move, so here are some convenient options for you:

 

  1. You can go online to www.ReferralsHelpKids.com and enter their contact info and we’ll take care of contacting them
  2. Just pass along the internet address, www.ReferralsHelpKids.com, to anyone you know who might be considering a move
  3. Contact us directly at 888-240-2500

I want you to know that you and your referrals mean more than ever to my team and me.  As we continue to move forward in 2018, please know we are extremely thankful for you being a special part of our business.


Why I Support Children’s Hospital of Los Angeles

I grew up right here in Los Angeles. Born right nearby at St. Francis Hospital. I remember when I first heard about a young person close to our family suffering from a nasty disease and getting treated for that at Children’s Hospital Los Angeles. It was then that I began to pay closer attention to the work they do at that hospital. Since then, I have learned that it is a collection of hard working health care professionals, most making their home right here in the Los Angeles area, all coming together for a common cause. That cause is to help young people overcome unfortunate health issues that life sometimes throws our way. Being a Los Angeles area, California native, I take pride in supporting in any way that I can the good work these people do at Children’s. My team rally‚Äôs around our annual goal of raising money and donating portions of our income to help Children’s in their quest to heal young people when they need healing. My team and I are committed to providing outstanding results for buyers and sellers referred to us by our past clients. I have discovered that Children’s Hospital Los Angeles shares similar commitments to their patients.

And since their services survive on sponsorships and donations we are happy to contribute and proud to support them.

And remember, I want to make it easy for you to refer your friends, neighbors, business associates, or family members considering making a move, so here are those options for you again:

 

  1. You can go online to www.ReferralsHelpKids.com and enter their contact info and we’ll take care of contacting them
  2. Just pass along the internet address, www.ReferralsHelpKids.com, to anyone you know who might be considering a move
  3. Contact us directly at 888-240-2500

With all my appreciation,

Corey

 

 

Corey Chambers


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Corey Chambers Your Home Sold GUARANTEED or I'll Buy It* 888-240-2500

Your Home Sold GUARANTEED or I’ll Buy It*

Corey Chambers, REALTOR¬ģ
(213) 880-9910
coreychambers@yahoo.com
http://www.laloftblog.com/

Your Referrals Help the Kids. For every referral I receive, I donate a portion to the Children’s Hospital Los Angeles. With your referrals, you are helping Children’s Hospital ensure that critical life-saving care is available to every child they treat. http://www.ReferralsHelpKids.com

Copyright ¬© This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449¬† Not associated with the homeowner’s association, seller 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.

Based on information from the Association of REALTORS¬ģ/Multiple Listing as of [date the AOR/MLS data was obtained] and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

*seller and Corey must agree on price and time of possession – details and conditions visit coreychambers.com

 

Corey Chambers SoCal Home Quarterly Real Estate Newsletter

Corey Chambers Real Estate - Your Home Sold GUARANTEED or I'll Buy It* Call Corey and Start Packing 888-240-2500
Corey Chambers Real Estate – Your Home Sold GUARANTEED or I’ll Buy It* Call Corey and Start Packing 888-240-2500
SoCal Home Quarterly Newsletter - Exclusive Information for the Corey Chambers Team Valued Clients - Premiere Issue
SoCal Home Quarterly Newsletter – Exclusive Information for the Corey Chambers Team Valued Clients – Premiere Issue


IS YOUR GLASS HALF FULL OR HALF EMPTY?

You have probably heard that phrase before. As you know it‚Äôs often associated with ‚ÄėPositive Thinking‚Äô or lack of it. Is it possible to walk through this life with a positive attitude? Even when things are not going well? You probably know people who do. Would others say that YOU are one of those people? ¬†#coreychambers

Make no mistake about it, there is deep concern on behalf of everyone at our real estate company for the pain, difficulty and struggle many experience as they walk through life. Our belief is that in order to be a positive force for others, Positive Thinking is required. Please allow me to share some of that ‚Äėcore value‚Äô with you in this season‚Äôs issue of the SoCal Quarterly Newsletter. ¬†#realestate #newsletter

In Dr. Norman Vincent Peale‚Äôs classic book, The Power of Positive Thinking, he teaches the cultivation of ‚Äėpeace of mind‚Äô, not as an escape from the realities of life, but as a ‚Äėpower center‚Äô out of which comes driving energy for constructive personal and social living.

It seems every time I cut the news on or look at social media, there seems to be a barrage of negativity. I have to look hard to find the ‚Äėgood news‚Äô. But as I walk around and live my life in practical terms, I see a great deal of love and positive energy from and among people. I‚Äôm not sure of the disconnect, it could be just me and my perceptions. Nonetheless I am reminded of the importance of staying positive as it relates to just about anything. Even in the midst of great tragedy, there is a different way to think.

Positive thinking is really just faith in action. When things are not going well, it is easy to develop a negative attitude. But in my experience, the fastest way to lift myself up when feeling down is to go help someone else who is feeling down. That is really tough to do without positive thinking. We all know how comforting it is when life has dealt us a bad blow a friend or someone we love brings us their positive energy. How else can we be lifted up in times of tragedy or sorrow? Positive Thinking is contagious.

With the practical techniques you will find in Dr. Peale‚Äôs book, it is not just possible but very likely to energize one’s life. Another way to describe Positive Thinking is it gives you the initiative needed to attain your ambitions and hopes.

Take a look at people you would say have ‘determination’. Determined people are Positive Thinkers. So we can say that Negative Thinkers lack determination. I‚Äôm not sure it is possible to be determined to succeed and not entirely possess Positive Thinking. I‚Äôve never seen successful people who are negative. They are the opposite, they attract ‚Äď the very definition of Positive.

With positive thinking you will learn how to:

o  Expect the best and get it.
o  Believe in yourself and in everything you do.
o  Develop the power to reach your goals.
o  Break the worry habit and achieve a relaxed life.
o  Improve your personal and professional relationships.
o  Assume control over your circumstances.
o  Be kind to yourself.

It teaches positive thinking not as a means to fame, riches or power, but as the practical application of faith to overcome defeat and accomplish worthwhile creative endeavors in life. It teaches a hard, disciplinary way of life, but one which offers great joy to the person who achieves victory over themselves and the difficult circumstances of the world.

Even the words we speak have a direct and definite affect upon our thoughts. The way we think creates the words we use, and words are the vehicles of ideas. But words also affect our thoughts and help to condition if not to create attitudes. In fact, what often passes for thinking starts with talk.

The man who assumes success tends to already have success.

My hope is that YOU will expect the best and get it.

William James, the famous psychologist said ‚ÄúOur belief at the beginning of a doubtful undertaking is the one thing that insures the successful outcome of the venture‚ÄĚ.

One thing that rises above most is our eagerness to get our children involved and hanging out with others who are good, noble, caring, ‚Äėdo the right things‚Äô kind of kids. Most parents have an instinct to realize when their kids are hanging out with the wrong crowd. There is little they would not do to get their child of that environment. It is a universal truth that you will become who you hang out with. What amazes me are the adults that won‚Äôt apply this same rule to themselves. They engage in damaging behavior in WHO they watch, follow, and hang out with.

My belief is that we were put here to accomplish great things. We are capable of far more than we can imagine. Success starts between our ears: WHAT you think about and HOW you think about things. Oh and my glass? It’s not just half full, it’s running over!Corey

Be Positive!  Live Positive!

P.S. If you or someone you know want more on the subject of positive thinking, consider picking up a copy of Dr. Peale‚Äôs classic “The Power of Positive Thinking” or “The Power of Positive Thinking for Young People”



Corey Chambers’ Quarterly Featured Properties

Negotiating the highest sale prices for sellers, and the lowest for buyers!

 


Nationwide Rental Income Properties Under $50,000
Nationwide Rental Income Properties Under $50,000

YOUR FRIENDS ARE CRAZY WRONG IF THEY’RE TELLING YOU NOT TO BUY!

The current narrative is that home prices have risen so much that it’s no longer a smart idea to buy a home. Your family and friends might suggest that buying a home right now makes absolutely no sense from an affordability standpoint. They are wrong!

Homes are more affordable right now than at almost any time in our country’s history except for the foreclosure years (2009-2015) when homes sold at major discounts. As an example, below is a graph from the latest Black Knight Mortgage Monitor showing the percentage of median income needed to buy a medium-priced home today compared to before the housing bubble and bust. As you can see, the percentage is less now than in the previous time periods. The Mortgage Monitor also explains that home affordability is better today than it was in the late 1990s in 47 of 50 states.

Your friends and family have your best interests at heart, but, when it comes to buying your first home or selling your current house to buy the home of your dreams, let’s get together to discuss what your best move is, now.


Referrals help the kids at Children's Hospital Los AngelesWe are on a mission to raise $25,000 for Children‚Äôs Hospital Los Angeles. Kids under the care of Children’s Hospital are more likely to survive serious diseases and cancer. BUT, Children‚Äôs survives on sponsorships and donations. So, we make it a point to donate a portion of our income from selling homes to the great work that they do.

YOUR REFERRALS really do HELP THE KIDS…

Whom do you know who’s considering buying or selling a home? When you refer them to my real estate sales team, not only will they benefit from our award-winning service, but we donate a substantial portion of our income on every home sale to Children‚Äôs Hospital Los Angeles. It‚Äôs easy to refer your friends, neighbors, associates or family members considering making a move. Go to www.ReferralsHelpKids.com and enter their contact info online or forward the link to those whom you know are considering a move OR you can always call me direct at 888-240-2500.

I can find you a home you will enjoy, but together we can give these kids a lifetime to enjoy!


Your Home SOLD at a Price Acceptable to You GUARANTEED or We Will Buy It*
Your Home SOLD at a Price Acceptable to You GUARANTEED or We Will Buy It*

Copyright ¬© This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449¬† Not associated with the homeowner’s association, seller 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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11 Costly Home Inspection Pitfalls

Get a free list of homes for sale in your favorite neighborhoods. Fill out my online form.

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.

Downtown Los Angeles Welcomes Another New Hyperloop Company

Anything that could help alleviate traffic congestion is always going to be a great addition to Los Angeles.  #arrivo #hyperloop #dtla

Arrivo hyper loop company comes to Downtown Los Angeles
Arrivo new hyper loop company comes to Downtown Los Angeles

New Hyperloop company Arrivo company has set up shop across from the Budweiser building on the Boyle Heights side of the 4th Street Bridge.¬†In the race to develop Hyperloop, Arrivo seems to be focusing on the sleds rather than a vacuum chamber. ¬†The giant skates can carry cars, passengers or freight. ¬†Without the vacuum chamber, the speed might not go quite as fast as Elon Musk’s vision, but the development and construction can proceed faster, cheaper, and possibly safer. ¬†Zooming along at up to 200 per hour will be quite an improvement over the current state of freeways in the area.

Arrivo is bringing 70 to 80 engineers to the area. Several of them are seeking residences in Downtown Los Angeles, including tax-saving historic Mills Act approved lofts in the nearby Arts District, Historic Core and Little Tokyo.

Get a free list of Mils Act lofts. Fill out the online form:

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Arrivo promised to reduce traffic in Los Angeles
Arrivo promises to reduce traffic congestion and increase transportation efficiency

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.

Tax Law Changes for 2018 – Will It Affect Los Angeles Real Estate and Property Taxes?

REAL ESTATE NEWS

Substantial changes have been made to the federal tax code for the new year. The new law almost doubles the standard deduction for 2018, but personal and dependent exemption deductions are eliminated. This will benefit some taxpayers and harm others. The Tax Reform Bill will have some effect on housing.  #taxreformbill #propertytaxes #millsact

Tax Reform Effects on Real Estate for 2018
Tax Reform Effects on Real Estate for 2018

The L.A. Loft Blog offers this article on the points that could affect Los Angeles real estate the most:

1. Exclusion of gain on sale of a principal residence
2. Mortgage Interest Deduction
3. State and Local Taxes (SALT)

Get more details in this special update  that covers the evolution of the tax reform changes since its original proposal and its impact on residential real estate. TAX REFORM AND HOUSING:  FREE REFERENCE GUIDE

The most popular tax break for Downtown lofts continues to be the Mills Act property tax savings. Get a free list of Mills Act lofts in Southern California. Fill out the online form:

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New Tax Code Changes for Real Estate 2018

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.

How L.A. Loft Blog Readers Became 1700% Wealthier This Year – Real Estate and Bitcoin

REAL ESTATE NEWS

opportunity-real-estate-bitcoin-800-mk

More millionaires and billionaires were made in 2017 than any other year in history. Some of them right here in Downtown Los Angeles. ¬†For the L.A. Loft Blog, this has been our best year ever. ¬†But, when opportunity knocks, the average person does not usually hear it. ¬†While those with rising wealth always have a eye out for possibilities, the average middle class and struggling person is too busy trying to survive. ¬†They are focused on living for today or just making next month’s rent, so they pass up on the opportunities for rapid growth. Personal growth is also limited by negative thinking. That is why changing our thinking is always the first step to making a quantum leap in personal wealth. The 2nd step is positive action. #realestate

When the L.A. Loft Blog foretold of real estate that was so cheap that homes purchased in 2011 would turn out to be the closest thing to a free home, a few took advantage and purchased Downtown lofts for around $150,000 that have nearly tripled in value to $400,000 just 6 years later. For one’s net worth, that kind of equity growth is much better than a free home. ¬†In another instance, when the L.A. Loft Blog started the new year on January 2 by informing of the Top 10 best real estate investments followed by the Top Ten non- real estate investments, a few took advantage and purchased the #1 investment on the list, Bitcoin. ¬†Those who did saw each $1,000 turn into today’s $17,000. Let’s rejoice in one of the best investments in history! #bitcoin

Even so, some still think it’s a bit crazy and disconnected to discuss Bitcoin and real estate in same blog post. ¬†Their thinking will of course prove to be short-sided as Bitcoin and real estate are already coming together. ¬†This year, the first recorded Bitcoin real estate transaction took place in Texas. ¬†Some websites are now listing real estate for sale with Bitcoin asking prices.

Today, our research shows that a major price adjustment is likely very soon for Bitcoin, so we are informing L.A. Loft blog readers that it is smart to invest just a little to learn about quickly evolving cryptocurrencies. #millsact

The tangible, useful benefits of real estate cannot be replaced by a Bitcoin, but in the future, a single Bitcoin will buy a beautiful home. That same home will later prove to be a better investment for the super long term as the original Bitcoin will return to its origin near nothingness.

Today, we are also informing that home prices will likely show some kind of plateau or down correction in the coming years, but home ownership will still be a much better deal and a far better investment than renting for the vast majority as the net worth of home owners has skyrocketed.

El Dorado Lofts Historic Core
Historic Mills Act Lofts Property Tax Benefits

Those who prefer to rent can still take advantage of Bitcoin and real estate.  Several Loft Blog readers have taken advantage and purchases multiple rental income homes across the U.S. under $50,000 each.

The window of opportunity is always open somewhere, this is especially true in the revitalizing neighborhoods of Downtown Los Angeles.

Opportunities are knocking in Downtwon Los Angeles!

Investors and first time home buyers don’t want to miss new construction, Mills Act, distress sales, bank owned, for sale by owner, expired, foreclosures,¬†REO, company owned, estate sales, probate sale,¬†escrow fallouts,¬†cancelled contracts, expired listings, listings on hold,¬†vacant homes, divorce sales,¬†auctions,¬†pre-auctions, pre-foreclosure, raw loft,¬†off market,¬†private listings, unlisted lofts, pocket listings,¬†need-to-sell now homes and unclaimed homes. Other homes have big advantages with low HOA dues or reduced property taxes.

There are still some underpriced Mills Act homes in Downtown Los Angeles that offer big property tax benefits for helping to maintain beautiful historic buildings. Get a free list of Mills Act lofts. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN L.A.  [MAP]

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Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking

In Escrow Great Deal on a Loft

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.

The Rise of Zillow and Death of the Real Estate Agent

Where are the most amazing lofts at the best prices? And how does it all work?  The answers to these all-important questions are changing every day as the pace of new technology accelerates. The L.A. Loft Blog is always among the first authoritative media to discuss the changes in the real estate industry, especially those rare, valuable and challenging insights that some prefer not to think about.

AirBNB is today's King of Real Estate
AirBNB is today’s King of Short Term Rental Real Estate

There’s more money than ever at stake in Downtown Los Angeles housing. The astute observers pay close attention while the movers and shakers benefit from these major changes in the housing market.¬†Compare the number of Google searches of real estate, AirBNB and Zillow:

Homes now sell faster when the buyer’s agent receives less commission. ¬†Yes, the property actually has fewer days on market and a quicker sale transaction when the buyer’s licensed real estate professional is offered less of the shared percentage, while homes are now really selling slower when that commission is higher. ¬†This is one of several indicators that point to the fact that Zillow, Trulia and other major online real estate websites have home search functions that are diminishing the needs for a buyer’s agent.¬†Zillow is blowing away real estate agents. ¬†#airbnb #zillow #realestate

Nobody has really ever been particularly interested in real estate agents. They seem to show up sooner or later as the home buyers or sellers kind of know that they still need one to make sure that all of the buyers see all of the appropriate homes, and agents help negotiate the best price and terms, while helping take care of the massive stack of paperwork that is required in litigation-crazy California.

Just as it is clear the AirBNB is beginning to nibble at the hotel pie (average AirBNB stay is 4 days, compared to average hotel state of 2 days), Zillow is now slurping down huge pools of cash from what was once the grips of buyer’s agents. More than 20% of real estate investors are now seeking properties that can easily be rented out on AirBNB. ¬†Most Downtown condo lofts are not efficient for AirBNB because of strict HOA homeowners rules that do not permit such short rentals.

There are some sectors of real estate that Zillow and Trulia do not compete well.  Those are the ultra-local, specialized markets like Downtown Los Angeles lofts such as historic Mills Act lofts with property tax benefits, L.A. Adaptive Re-Use Ordinance buildings with lofts for lease, 2-story lofts, live/work lofts and industrial buildings.

Get a free list of Mills Act homes for sale in Los Angeles. Fill out the online form:

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Zillow overtakes Real Estate industry
Zillow overtakes Real Estate industry

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.

Real Estate and Bitcoin: Crazy or Compatible Combination?

Everyone’s heard of real estate. And, by now, most Downtowners have also heard about Bitcoin, the digital currency that some say could potentially replace the almighty dollar some time in the future. #bitcoin #realestate #dtla

Bitcoin and Real Estate - Crazy or Compatible>
Bitcoin and Real Estate – Crazy or Compatible?

Real estate has been around since the beginning of civilization, for thousands of years, as has the old trusty stand-by of true money, gold. At first, real estate and bitcoin sound quite odd when mentioned in the same sentence or the same article.  This is because they are opposite in several ways.  The L.A. Loft Blog has brought them up together because their opposing natures give them surprisingly superior diversification, thus safety and security in an investment bundle of two.  In fact, those who purchased $10,000 of Bitcoin when the LA Loft Blog first mentioned it in January of 2014 now own an investment that can be used as a $176,000 down payment on an amazing Downtown loft!

Most of us have heard of investment gurus like Warren Buffet, Jim Cramer and Suze Orman talk about how diversification of investments increase the safety for our hard-earned money. They are quite right of course.  Equally true is that over-diversification reduces potential gains.  For those who want to maximize returns while not putting all eggs in one basket, real estate provides the tried-and-true age-old tangible asset that is one of the three basic demands of humans: food, clothing and shelter. In contrast and in support, bitcoin provides a new life-changing technology that brings a breakthrough in the way goods and services are transacted, along with a fundamental shift in our relationship with the government, banks and businesses.  In short, real estate is super-tangible and physical, while Bitcoin is the killer app that can make physical dollars obsolete.  Bitcoin is the Internet of money. The amount of money to buy a house can now be kept in your wallet, flash drive or even in your head as a word sequence called an HD or Hierarchical Deterministic key.

We already know and understand the basics of real estate: ¬†we need to live somewhere, so why not gain from it like an investment. ¬†And why not pay for our own mortgage instead of paying for our landlord’s mortgage? The average homeowner is 44 times wealthier than the average renter. These are excellent reasons to own real estate. But why should we also own any Bitcoin? Take a look at the Google Trends chart that shows what billions of people are really interested in based on their actual Google searches:

The chart suggests that the public interest in land with a house on it has decreased, while our interest in Bitcoin has skyrocketed.  The interest in trusty old gold has increased reliably.

There are countless talking heads and blow-hards spewing their useless opinions of the trials and tribulations of Bitcoin: “Bitcoin is a bubble about to burst…”; “One Bitcoin will be worth more than $1 million.” ¬†They are both quite possibly true at different times, so let’s make sure we know why and when. ¬†I only listen to those who know as much or more than I know about Bitcoin fundamentals, coding, economics, banking and investment. ¬†I’ve been programming computers for more nearly 40 years since the age of 12. ¬†I was an Information Systems Specialist at the U.S. Air Force Space Command’s Space Test Center in Silicon Valley. ¬†I’ve ¬†studied economics extensively, I’ve been a banker, and have helped investors to make millions in real estate. I’ve gained substantially from Bitcoin personally, and vitally learning from small mistakes along the way. ¬†I’ve successfully predicted where Bitcoin and real estate are going, along with when, why and how.

There are three fundamentals of Bitcoin that the mainstream media routinely fails to mention.  These key facts that are vital for everyone to know in the age of digital money:

  1. Bitcoin has increased in value to 250,000 times its originally traded value of 6 cents in 2010.  To get that much return on your real estate investment, your $700,000 loft would need to go up in value to $17,500,000,000. Your loft is not going to increase to $17 billion any time soon.
  2. Bitcoin has more intrinsic value than the US Dollar. ¬†Now that everyone understands that one Bitcoin currently has a lot more monetary value than one dollar, we need to know why. The dollar is backed by fiat of a government that is still the world’s economic superpower, but has been slipping on several economic fronts. The government prints and prints more and more dollars to address the needs of the government, causing the dollar’s value to fall by more than 70% in my lifetime. Most expect that to get worse, while some predict that the dollar will crash to near worthlessness like every currency has eventually done throughout history. ¬†Bitcoin, on the other hand, is backed by the largest distributed computer network in the world, and is limited to 20 million Bitcoins, so the value must go up as more people use more and more Bitcoin to conduct cheaper, faster, more private transactions over the internet and in person. Bitcoin is already the most economical method to transact large amounts of money internationally, and has already rendered government-imposed capital controls all but useless. ¬†Bitcoin is already defeating failed, antiquated government economic policies, in favor of free-enterprise and personal freedom. ¬†Bitcoin is more trustworthy simply because it requires no trust of a third party. ¬†It relies on the same type of SHA-256 cryptography that is relied on by banks, secure internet websites and used by the U.S. Government to protect nuclear secrets. Bitcoin is already diminishing the power of big banks, helping to correct bloated governments, and is democratizing rigged Wall Street by forcing crony capitalists to playing fair with the little guy.
  3. Bitcoin is extremely volatile, and is not yet worthy of placing a very large percentage of your assets.  Please do NOT put all of your retirement savings into Bitcoin! Crytocurrencies are all a high-risk, high-return investment, and a great place to put a small percentage of your risk capital. The quick, ethereal value of Bitcoin is wonderfully complimented by the hard, tangible, long-term qualities of real estate.  Just like we might choose bread, milk and eggs if we can only eat three foods, we might choose real estate, gold and Bitcoin if we could only choose three investments to survive and thrive on.  This volatility also gives Bitcoin extreme profit as an investment for those who understand the cycles, for those who hold it for the long term, and for those who know when to get out of Bitcoin before its ultimate demise.

Get a free list of Downtown Los Angeles real estate investments. Fill out the online form:

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Real Estate and Bitcoin - Divine Diversification
Real Estate and Bitcoin – Divine Diversification

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. ¬†This is not an offer to buy or sell securities. Bitcoin information is deemed reliable but not guaranteed. Digital currencies information is a non-expert opinion based on personal and business experiences. Bitcoin is a dynamic, volatile currency that is unpredictable in nature. This Bitcoin information is not provided by a professional investment advisor, and is not intended for use in making investment decisions. Investors must use other tools and perform their own research to determine what risks that they are willing to take based on their individual needs. Bitcoin provides a superior high-risk / high-return investment opportunity that is not controlled by a government or company. An ideal venue for risk capital and disposable income, Bitcoin is generally not considered to be suitable for use as a primary investment. Consult with a certified financial advisor or licensed investment advisor before making any significant investment.

SAVE $50,000 on a Downtown Los Angeles Loft or Condominium – Real Estate Black Friday Sale

Black Friday Sale on Downtown L.A. Lofts until December 31, 2017

Black Friday Sale Downtown Los Angeles Lofts and Condos
Black Friday Sale Downtown Los Angeles Lofts and Condos

REAL ESTATE NEWS: ¬†The best deals on Downtown LA lofts have always been during the holidays, when the smart, savvy buyers take advantage of the fact that most competing buyers are out of the market and not in the game during the holiday season. ¬†And WOW!!!! ¬†When’s the last time we saw a Black Friday sale with $50,000 off? This is a holiday sale that investors will absolutely love. Those who are considering buying a home in November or December are in the minority because humans are like lower animals in that they make fewer big moves during the winter. For the few who are thinking about moving or investing in a property, the time between Halloween and New Year’s Eve can be the very best time to get a super deal because there are fewer competing buyers. ¬†When an offer is placed on an amazing loft, condominium or house during this time, the offer is more likely to be accepted. ¬†Beginning January 2, everything changes. The inventory only goes up a tiny bit, while the number of buyers explodes in DTLA. For those who wait until after the new year to get started, they will find themselves caught up in an exciting (and expensive) auction effect that drives up prices due to the large number of buyers trying to outbid each other. ¬†#blackfriday #lofts #dtla

$50,000 Home Purchase Savings Guarantee
For those homebuyers who not only want to find the home that perfectly suits their needs and desires… but to also purchase their dream home for the lowest possible price:¬†Accomplish both of these goals; and here’s how it works:

Purchase a home for at least $50,000 less than the listed asking price guaranteed, or get $6,000 cash at the closing of the sale. This guarantee applies to homes over $800,000 going into escrow by Dec 31, 2017.

That’s pretty straightforward isn’t it?

This offer will not last. To get details on how to get the Black Friday $50,000 Home Purchase Savings Guarantee, request more info filling out the online form:

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Black Friday Sale for Downtown Lofts
Black Friday Sale for Downtown Lofts

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.

Lowest Prices on the Most Amazing Lofts in Downtown Los Angeles October Newsletter

SoCal Home Newsletter October 2017

SoCal Home Newsletter Oct 2017
SoCal Home Newsletter Oct 2017

In this post:  Give yourself a real treat this month!  Newsletter (pdf)

First, here’s some exciting local Downtown real estate news for loft lovers and for home buyers on a budget who need to pick up the most amazing loft for the lowest price on the market. ¬†Announcing the two best loft deals in town! ¬†The BIGGEST loft in the $400,000s along with THE most affordable loft in Downtown Los Angeles!! ¬†L.A. LOFT BLOG EXCLUSIVE! ¬†Cutest loft in Downtown, the Pershing Square Loft with a great layout makes a BIG impression! #dtla #lofts #affordable

Downtown Los Angeles Pershing Square Loft -- L.A. Loft Blog Exclusive
Downtown Los Angeles Pershing Square Loft — Open House 10/15 from 1-3 pm

Special pocket listing for the readers of the L.A. Loft Blog. ¬†— ¬†SB Grand Loft for Sale – Enjoy Downtown life in a modern open loft with fantastic urban industrial character on Broadway in the Historic Core. Private balcony facing community courtyard. Modern kitchen with stainless steel appliances. Tinted polished concrete floors. Washer and dryer in unit. Large soaking bath tub. Open and airy living space with high vaulted ceilings, A/C cooling and heating. Excellent downtown location near Farmers Market, Grand Central market.¬†Minutes to Whole Foods, Ralph‚Äôs and great shopping and dining. The building features 24-hr security front desk concierge, fitness room, rooftop pool deck, hot tub with panoramic views of the Downtown Los Angeles skyline. Wired for cable and Internet. Low HOA dues. Pets okay. Great for Downtown live/work! The complex has valet parking available. By Metro station, Pershing Square concerts in Summer and ice skating Winter. Stroll thrugh the renaissance of Broadway, with coming street car as part of the Bringing Back Broadway project. ¬†312 W 5th St #921, Los Angeles, CA 90013. Call Corey (213) 880-9910. ¬†| ¬†DETAILS

Also in the SB Grand building, check out the biggest Downtown LA loft in the $400,000s:

Spacious historic loft with private balcony
Spacious historic loft with private balcony.  Open House 10/15 from 1-3 pm

As promised, here is the new October issues of the SoCal Home Blog: #realestatenews

The Day Pierce Was Diagnosed
Your Referrals Help the Kids! ¬†— ¬†The Day Pierce Was Diagnosed

Go Ahead… Give Yourself a Real Treat This Month! The month of October can be a spooky month, maybe even a scary month with monstrous problems.

SoCal Home Blog October 2017
SoCal Home Blog October 2017

Yikes!! Well maybe not, but words like that seem to be popping up everywhere as kids and adults alike look forward to Halloween. In fact, according to the USA Today, adults spend more on themselves to celebrate Halloween than any other day during the year. I get that. Especially if they want to hang out with the kids to go trick or treating, or to a Halloween party of some kind. For many homeowners and home buyers though, they are truly scared. Scared to death of… ¬† | ¬† MORE

Download PDF

socal-home-newsletter-201710-ra

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SEARCH LOFTS FOR SALE UNDER $500,000  |  $900,000  |   Top Luxury
Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking

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.