Real Estate Market Los Angeles: Tsunami of Evictions

A ‘tsunami of evictions’ is coming, warns housing advocates

About 28 million people across the country face homelessness as states lift temporary eviction moratoriums put in place to protect people who fell behind on rent because of the coronavirus panic.

At the same time, 30 million unemployed workers will lose their $600 a week in pandemic unemployment assistance, a benefit that is set to expire at the end of the month. Across the country, landlords are filing eviction orders with courts, leading some jurisdictions to hold eviction proceedings online or at large convention centers as social distancing measures are still in place.

As earlier warned by the L.A. Loft Blog, potential economic recovery has stalled due to ongoing panic and mass hysteria..

Homelessness could increase nationally by between 40 to 45 percent this year compared to January 2019, according to a Columbia University study.

In Los Angeles, renter support groups are popping up, encouraging renters to simply stop paying rent.

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Los Angeles consumer groups encourage renters to stop paying.

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 L.A. Home Buyers Change Their Minds Due to Rising Crime

REAL ESTATE NEWS (Los Angeles, CA) — More prospective Downtown Los Angeles homebuyers have been changing their minds, deciding not to buy, as Los Angeles crime grows out of control. Their stories are similar: #dtla #homebuyers #renters

My wife and I have decided to abandon our search in DTLA. The crime situation (which I had been trying to turn a blind eye to) is just too troubling for us to feel like we wish to continue living here. We have grown tired of the constant sirens, LAPD helicopters and today more knife crime only a few blocks away. I think we will now take stock and sadly look at renting in a safe part of LA County.

Other would-be loft buyers have echoed the sentiment, calling Skid Row “intense.”

Established residents are beginning to take action as the streets fill up with derelict vehicles, and sidewalks become unwalkable. A group of residents at one Los Anglees loft condominium building recently put together a petition requesting that their city provide adequate law enforcement, and clean up the surrounding streets and sidewalks, which are cluttered and clogged with dangerous refuse that breaks federal laws and likely to cause injury as residents trip over the objects or are forced to walk in the streets that lack functioning street lights.

Even after the recent riots quieted down, Angelenos are unable to get basic emergency services as violent assaults occur in LA streets. When a lady was assaulted by a bottle-throwing mentally ill woman this week, calls to 9-1-1 emergency hotline went unanswered, with busy signal after busy signal.

Local residents plea for assistance:

Our neighborhood looks worse every day. it would be so wonderful if we could get some kind of plan of action by way of street cleaning in our area. I know the city is low on money and I’m sure our community would be willing to pitch in. I know that 26th and Humboldt has regular street cleaning services. We request the surrounding areas around Alta lofts be included. Let me know how I can help.

Businesses and residential neighborhoods alike are impacted as women and children find many areas too unclean and unlawful for anxious residents to walk safely:

Please clean up the homelessness and trailers around Barranca St and San Fernando Rd. I’ve seen several people living in them peeing and defecting on the street with their exposed parts showing around young children.

The City of Los Angeles is today facing the most worrying explosion of urban blight in the city’s history as city, county and state officials are focused narrowly on politics while neglecting to take care of the basic necessities of tax-paying residents.

The taxpayers simply ask for basic cleanliness and safety that the City of Los Angeles is required to provide in exchange for tax dollars, as succinctly clarified by one L.A. loft owner:

Please keep our neighborhood from going ugly and keep our streets sanitary.


Reader Questions:

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Assault victims in peril as 9-1-1 emergency services fail to answer the call 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.