Zombie Cities: A Warning to Los Angeles from San Francisco, Seattle, Portland and Philly

Why I Reached Out to a Seattle Blogger: A Plea for a Focused Lens on a Failing City

REAL ESTATE NEWS (Los Angeles, CA) — A couple of days ago, I found myself deeply engrossed in an email I was composing. The recipient was a Seattle blogger, who recently published a piece detailing the closing of a promising local store, Amazon Go. While his prose was somewhat elegant, I couldn’t shake off a feeling of intense frustration. Why? Because the post failed to address the complex web of underlying issues that led to the store’s closing.

In the text, I wrote, “How can you write a blog post about a Seattle store closing without even scratching the surface of the why it closed? You are fake news. Crime and censorship are king and queen of failed socialist city Seattle. You are their pawn. Try reading and telling the whole truth. The world might then begin to care about what you say.” To help him out, I included news reports about a Starbucks closure, retail theft and Seattle resident mass exodus. I’ve written plenty of warnings about California’s own exodus.

As the middle class gives way to more haves and have-nots, luxury lofts flourish in Los Angeles.

Might this email have come across as stern? Yes, but it needed to be. The city of Seattle, like many other urban areas in the United States such as San Francisco and Portland, is facing a range of deep-seated issues that are driving away its residents. So is Los Angeles. As the middle class gives way to more haves and have-nots, luxury lofts flourish in Los Angeles.

Let’s start with the glaring issue: the rise in crime rates. According to the Seattle Times, one in three Seattleites is considering leaving the city due to escalating crime and high living costs. Crime, as a social phenomenon, is influenced by various factors, but a well-documented connection has been established between crime rates and social policies. In Seattle, the prevalence of chronic criminal homelessness is a telling indicator of the failures in addressing the complex interplay between poverty, mental health, and addiction. City authorities have been unable to effectively manage these individuals, leading to a surge in crime rates that has sparked fear and insecurity among residents.

Then there’s the rise in living costs, another reason driving Seattle’s residents away. Housing prices have skyrocketed, causing unprecedented stress and financial hardship. Not surprisingly, Seattle’s housing market has become increasingly inaccessible for individuals earning lower incomes. According to a recent poll, renters, particularly those earning less than $20,000 a year, were more likely to consider moving out due to the city’s soaring housing prices.

However, there’s more to the problem than rising housing costs and crime. The increasing numbers of people considering leaving Seattle reflect deep-rooted social and economic disparities. Lower-income households have been pushed to the brink of housing insecurity, and homeownership has become an elusive dream for many. High-income earners are becoming increasingly concerned about public safety, with their concerns centered more on the city’s failing policies to combat crime effectively.

Despite these alarming statistics, the narrative portrayed by some media outlets remains one-sided and detached from reality. The city’s narrative must reflect the entire truth if we are to find solutions that address the root causes of these issues. Unfortunately, some news outlets and blogs continue to gloss over the complexities of these issues, painting an incomplete picture that does little to spur collective action or affect meaningful change.

This brings us back to why I reached out to the Seattle blogger. Just like many of us, he plays a critical role in shaping public opinion and awareness. Yet, his recent post, while eloquent and well-written, didn’t do justice to the complex and multifaceted issues at hand. Instead of a comprehensive analysis, readers received a superficial overview of the problem, devoid of depth and context.

So, I urge every blogger, reporter, and citizen of Seattle and beyond: don’t just scratch the surface. Delve deep into the issue, question the status quo, and most importantly, tell the whole truth. Seattle’s current state is a cautionary tale for all urban cities, and if we don’t learn from it, cities like Los Angeles may be next.

L.A. is hanging in the precipice. While taking the Metro train to properties and restaurants in Downtown Los Anglees over several days this week, more than 20% of my favorite restaurants were permanently closed, vacant. Although the Metro train was full of people breaking the rules (playing loud music, drinking, smoking, and even filling up the train with smoke by burning pieces of paper), Metro safety personnel almost never stepped foot on board a train, except very briefly. We never saw any sign of much-needed police on a Metro train. While L.A. currently has fewer used needles per square foot that some area, our goal should be 100% clean and safe streets, where women, children and pets can walk to schools, parks, shops and public transportation. Homeless addicts who want a clean, safe life plead, “call in the military!” Under the current system, homeless are being neglected, abused and killed like never before. Successful cities do not leave babies, puppies, criminals or incapacitated adults to fend for themselves. One thing is certain of a solution: rich, poor and middle class must follow the same rules.

Some skilled Los Angeles residents even find jobs in Seattle, not far from its own hordes of homeless. Seattle big tech industry is doing super. With almost no rules, lots of free stuff, cheap drugs and no taxes to pay, homeless drug addicts are feeling no pain in a sense, while being treated more harshly than feral animals in some ways. The hard-working middle class is getting squeezed, squashed and robbed. Like Seattle, criminals and closed businesses are creeping into Los Angeles. Everyone must get the facts. We’ve seen particularly bad, dangerous cities in the 70s. While some “starving” artists love the gritty city inspiration, the average Downtowner will ultimately not cope with a dirty, dangerous city. Everyone must face the truth. Without sunlight, California has nothing. There are many clean, safe big cities in the world. Los Angeles must strive to be one of those.

My email to the Seattle blogger was a plea for responsible reporting from all cities. Portland today embraces the zombie apocalypse model; deadly Philadelphia is even worse — so bad that the police don’t even care any more. It was a call for him, and others, to lend their voices to the unheard and to hold a mirror to the city’s faults. In sharing the whole truth, we can begin to engage in a dialogue that leads to transformative solutions. Let us not be pawns in the game of misinformation, but rather, champions for the truth, for it is only through an honest lens and sunlight that we can start to address and rectify the issues plaguing our beloved cities, especially LA.

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AI For Real Estate: How to Use ChatGPT to Write an Acceleration Clause

REAL ESTATE NEWS (Los Angeles, CA) — In an increasingly digital world, ChatGPT stands as an innovative ally for real estate agents, powering their transactions and adding a new level of efficiency and precision to their work. It equips them with an advanced tool that generates crucial documents with a level of speed and accuracy that is transformative. With its sophisticated language model, it can produce an array of complex real estate documents such as escalation clauses, purchase agreements, and more. Each document it crafts is tailored to individual needs, thus allowing agents to focus more on their clients and less on paperwork. As a result, agents save valuable time and resources while minimizing errors, driving more successful transactions. Through such robust assistance, ChatGPT enables real estate professionals to gain a competitive edge, ultimately helping them save and earn more money for their clients. It’s a truly empowering technological advance that is reshaping the real estate industry’s landscape, fostering a future where technology and human expertise work hand in hand to deliver exceptional results.

The Easier Way to Pay Less for the Home of Your Dreams

The acceleration clause, also known as the escalation clause, is a potent tool in the world of real estate negotiations. It effectively allows buyers to put their best foot forward in the highly competitive property market. It offers an advantage by enabling buyers to automatically increase their offer price in the face of competition, thereby showing their seriousness and willingness to secure the property. It takes the guessing game out of the equation by putting a system in place to outbid competitors. In addition to saving money, it saves precious time that could be the difference between securing and losing a property. In this article, we will show you how to create one the easy way, and you’ll see the resulting example Escalation Clause.

Moreover, the escalation clause is beneficial as it includes a cap, ensuring that buyers won’t surpass their maximum budget, and it requires proof from sellers before escalating the offer, thus safeguarding the buyers’ interests. This means you’re only spending more when there’s a genuine competing offer, not simply because the seller says there is. It provides a degree of protection in the fevered environment of a bidding war. Also, the contingencies like inspection, financing, and appraisal conditions still apply, providing the buyer with escape routes if the deal does not meet their expectations or if they uncover issues with the property. Furthermore, it brings clarity to the transaction timeline, stipulating closing and possession dates that meet the buyer’s requirements. Overall, the escalation clause is an instrumental part of the real estate buyer’s toolkit, providing a structured, strategic approach to property purchasing.

Here’s how to use this powerful negotiating tool for home buyers and real estate agents, to help save thousands when placing an offer on a property. ChatGPT will tell you exactly what needs to be included when you use a powerful command or question called a prompt. Enter the following prompt into ChatGPT: “Please ask me questions required to write an escalation clause for a California residential real estate offer.”

ChatGPT responds:
To draft an escalation clause for a California residential real estate offer, I need the following information:

Buyer’s Information: Can you provide the full legal names of all buyers involved in this offer?
Seller’s Information: Can you provide the full legal names of all sellers for the property in question?
Property Details: Can you provide the complete address and legal description of the property?
Offer Price: What is the initial offer price that the buyer is willing to pay for the property?
Escalation Amount: What is the increment amount the buyer is willing to increase their offer by to outbid any other potential buyers? For instance, the buyer may be willing to increase their offer by $5,000 over any competing offers.
Cap Price: What is the maximum price the buyer is willing to offer for the property, regardless of other offers?
Proof of Other Offers: Will the buyer require the seller to provide proof of any other offers before the escalation clause is triggered?
Inspection and Financing Contingencies: Will there be any contingencies in place such as home inspection, financing, or appraisal? If yes, can you detail them?
Closing Date: When does the buyer intend to close the deal?
Possession Date: When would the buyer like to take possession of the property?
Earnest Money Deposit: How much earnest money is the buyer willing to put down once the offer is accepted?
Please note that while I can help you gather this information, I recommend consulting with a real estate attorney or a professional real estate agent to ensure that all legal aspects of the deal are properly handled. Legal advice should always be sought from a professional.

User
Please write an escalation clause for California residential real estate offer, based on the following questions and answers:
Buyer’s Information: Can you provide the full legal names of all buyers involved in this offer? Ralph Kramer
Seller’s Information: Can you provide the full legal names of all sellers for the property in question? Emily Trust
Property Details: Can you provide the complete address and legal description of the property? 3671 S Leland St, San Pedro, CA 90731 APN 7469-022-088
Offer Price: What is the initial offer price that the buyer is willing to pay for the property? $1,025,000
Escalation Amount: What is the increment amount the buyer is willing to increase their offer by to outbid any other potential buyers? For instance, the buyer may be willing to increase their offer by $5,000 over any competing offers. $10,000
Cap Price: What is the maximum price the buyer is willing to offer for the property, regardless of other offers? $1,100,000
Proof of Other Offers: Will the buyer require the seller to provide proof of any other offers before the escalation clause is triggered? Yes
Inspection and Financing Contingencies: Will there be any contingencies in place such as home inspection, financing, or appraisal? If yes, can you detail them? Inspection Contingency, 9 days
Closing Date: When does the buyer intend to close the deal? 14 days of escrow
Possession Date: When would the buyer like to take possession of the property? 14 days after escrow
Earnest Money Deposit: How much earnest money is the buyer willing to put down once the offer is accepted? $25,000

ChatGPT
Based on the information you’ve provided, here is a sample escalation clause:


This Escalation Clause is part of the Residential Purchase Agreement dated _ between Ralph Kramer (“Buyer”) and Emily Trust (“Seller”) for the property located at 3671 S Leland St, San Pedro, CA 90731 (APN 7469-022-088) (“Property”).

Buyer offers an initial purchase price of $1,025,000 for the Property. In the event of an offer from another prospective buyer (“Competing Offer”), Buyer agrees to increase the purchase price in increments of $10,000 above the Competing Offer.

Notwithstanding the foregoing, in no event shall the purchase price exceed $1,100,000, regardless of the number or amount of any Competing Offers (“Cap Price”).

Seller agrees to provide Buyer with written or electronic proof of any Competing Offer prior to acceptance of Buyer’s increased offer. Buyer reserves the right to review the terms of the Competing Offer.

This offer is contingent upon a satisfactory home inspection to be completed within 9 days from the date of acceptance of this offer by Seller.

The proposed closing date shall be 14 days following the date of opening escrow, and possession of the property shall be given to Buyer 14 days after the close of escrow.

Upon acceptance of this offer, Buyer shall deposit $25,000 into an escrow account as earnest money.

This Escalation Clause is binding upon the parties and their respective heirs, executors, administrators, successors and assigns.


Please consult with a real estate attorney or a professional real estate agent to ensure this escalation clause and any other elements of the agreement meet your needs and are in accordance with California state law. This sample escalation clause does not constitute legal advice.

Would you like assistance using an escalation clause to buy a loft, condo or house? How can we help you? Fill out the online form:

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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Broker DRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Names and dollar amounts changed to protect privacy. Text and photos created or modified by artificial intelligence. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.