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Downtown Los Angeles Real Estate Update: More Sellers Than Buyers

REAL ESTATE NEWS: THE GREATER DEPRESSION OF 2020 The loft condo property market of Downtown L.A. has, for decades, attracted far more buyers than sellers. That has changed recently. Real estate professionals now report that the number of prospective buyers has dwindled down considerably over the past few years, culminating in a major collapse to …

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Banks Are Broke

Banks are in growing trouble, and it’s affecting Los Angeles real estate. U.S. Fractional Reserve banking system basically allows banks to lend out almost all of the money on deposit, creating a system that is precariously close to collapse, even in good times. Today, under extreme financial strain, a banking system collapse is a hair …

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