Top Los Angeles Con-Artist Drew Donovan Reported Dead

Nothing in his life became him like the leaving it. — Shakespeare, Macbeth Act 1, Scene 4, 1-8

REAL ESTATE NEWS (Los Angeles, CA) — While we care and feel for all people who die, Donovan deserves a special kind of memorial — a eulogy that respects the financial hardship and losses of his countless victims. He deserves an obituary that pays proper regard to his well-honed craft of deception, his life-long dedication to fraud and his relentless pursuit of prey. Above all, Donovan’s death requires celebration of the fact that future victims will be spared from the loss of thousands, even tens of thousands of dollars each. We can be happy that not one more senior or disabled adult will lose their life savings from this charlatan. We can rejoice that not one more mother will be intimidated, frightened, even kidnapped by this predator. We can be relieved that not one more young man will be drugged, potentially raped by this addicted Ambien sex aficionado. We have received word from a credible source that Drew Christian Donovan was reportedly pronounced dead of natural causes, as Ventura County authorities search for next of kin. The professional fraudster was 53. | COMMENT

Drew Christian Donovan AKA Christian Andrews AKA Jimmy Wayne Jackson was a convicted felon who claimed to be a wealthy man with cancer, so that he could take advantage of the feelings and sentiments of potential victims by offering to give them millions of dollars in exchange for their help. He skillfully used technology to scam hundreds of innocents by convincing his marks that he was legit, printing fake checks, sending fake texts and phony audio messages from fake banks and other fanciful financial institutions. He tricked banks, real estate agents and hotels into lending an aura of legitimacy to his elaborate schemes, causing additional millions in losses. He was caught and jailed several times, but never gave up on his corrupt career.

Filled with criminal evidence, photos of victims, emails and stolen identities, Donovan’s laptop computer was luckily recovered by one of his victims several years ago — but LAPD refused to accept any of the evidence, refused to investigate. The L.A. Loft Blog received some of that evidence, which we have put to good use. We published a vast series of articles to warn the public. More than a dozen victims saw the posts, and many chipped in to help alert the public, and to put Donovan behind bars. We were successful at getting him locked up for about a year. Fortunately, some cities and police were willing and able to investigate, prosecute and lock up Donovan for short periods of time, including the good, hard-working police of South San Francisco, San Diego, as did his hometown cops in Michigan many years ago.

As humans, we must be thoughtful and considerate of Drew’s own struggles as a fellow person. While he could never share his own feelings without the taint of manipulation, he certainly must have felt the impulsive need for survival. One friend/victim saw Drew cry once — at the death of his sister. Maybe he did have a soul. Yet, like many career fraudsters, Donovan likely obtained pleasure and elation every time that he gained the upper hand and pulled one over on his victims. However, he must have felt pain and depression when he was short on money, sex and drugs. Even the most inhumane sociopath cannot survive for 55 years without these up and down feelings. And, after all, he did not really grow up rich. He grew up in a trailer park, likely with parents who were drowning in problems of their own, likely short on love. A life tainted by addiction and drug abuse likely contributed to his afflictions and early demise.

If he were an honest fellow, he could have helped so many. Using his talents and skills ethically, he could have made millions as an actor or salesman. He could have enriched himself, and still given back millions, perhaps billions if he were simply able to be good, decent and virtuous instead of taking the actions of the rotten and the evil. The thought of actually helping others must have occurred to him time and time again. It was part of his script. Perhaps he thought that he was only acting. Perhaps he thought that none of this is real. Could he have been right?

The world is better off without Drew Donovan. Several of his victims expressed continuing fear of repeated intimidation, and those who spoke up feared reprisal. We at the L.A. Loft Blog care primarily about the victims. We care about fairness, justice and salvation. We never heard of Donovan apologizing to victims, except at times when he sought to re-victimize them. We can only hope that, while things were quiet over the last several months, Drew has had time to reflect and contemplate his life, to repent, to make some kind of amends, and to ask God or the universe for forgiveness. Our thoughts and prayers go out to his many victims, and on the off-chance that it might help, we pray for his soul. | COMMENT

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L.A. can take a sigh of relief, perhaps even a moment of gratitude that one predator is gone.

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, 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. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker. | COMMENT

Stagflation Effects on Housing Demand

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Q: Corey, what is the effect of stagflation on housing demand?

A: Thank you for your question. Demand is connected to supply and price. Stagflation is a combination of economic stagnation and price inflation, both of which place downward pressure on demand. Housing demand therefore is very strongly affected negatively by stagflation. Stagflation destroys demand for housing. The results is that prices go up while the number of buyers goes down. Home values and rents increase while fewer people can afford them. More money circulates, which fools some people into believing that they have the same or more money, while their purchasing power actually decreases. For real estate, this means fewer transactions, larger dollar amount, yet less real compensation for real estate professionals and investors, and less real investment in the real estate sector. The silver lining in this cloud benefits real estate companies and investors who already have more assets, those who best implement newer technologies and those who are in a position to take advantage of other major changes in the economy, including those with highly trained, efficient teamwork and workflow systems. As the worst overall economic situation, stagflation fools the general public by flooding the system with more money, yet providing even less purchasing power. Stagflation tends to initially benefit the government and the wealthy while taking away from the middle class.

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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, 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. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.