The Rise and Fall of Downtown Los Angeles

Google Trends show declining DTLA popularity statistics

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According to Google Trends statistics, interest in Downtown Los Angeles took a precipitous dive in February of 2020. The L.A. Loft Blog has been reporting on the sad trend of California exodus, and the recent flight of the middle class from DTLA as politicians errantly promote the rights of the wealthy and the poor over the rights of the middle class. Hastened by the virus panic and mass hysteria of 2020, the unfortunate results can be witnessed as litter, illegal dumping, barricading of sidewalks, surge in petty crimes and skyrocketing violent crime.

How did we get here? By the turn of the 20th century, Downtown Los Angeles was booming. By 1980, Downtown was blighted and lacking in law enforcement. The hookers and drug dealers were firmly in control. The starving artists enjoyed the cheap rent of the crudely converted warehouse lofts. By 2010, Downtown was getting cleaned up, experiencing a renaissance, installing many billions of dollars of infrastructure, housing, social services, retail, entertainment and new law enforcement. As Downtown grew and prospered, we expected the homeless and crime issues to continue to diminish. By 2017, they were doing the opposite.

Safe, clean sidewalks are a staple and mainstay of the poor and middle class. Neighborhoods deteriorate rapidly when we fail to allow women and children to safely walk to school, shopping and public transportation. Downtown Los Angeles is particularly reliant on usable sidewalks, but the city council and LAPD have been increasingly denying the public the right to use the sidewalks. The homeless and disabled are particularly affected by the blocking of sidewalks, as they are mowed down in the streets by hit and run drivers. Law, courts, politicians and police are ultimately under the control fo the public.

It is up to local citizens to demand proper care and shelter for those in need, along with demanding safe, clean sidewalks and streets for the women, children, disabled and others who rely on them.

The extreme misallocation of law enforcement and misuse of other resources results in overall decline, blight, lawlessness, disorder and devastating danger in Downtown L.A. | MORE

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Downtown sidewalks blocked, forcing pedestrians onto dangerous streets

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.

Los Angeles Real Estate Market Report June 2020

REAL ESTATE NEWS

The June numbers are in, and the DTLA area property market continues to flounder. The number of motivated sellers continues to rise. 10% more sellers listed their Downtown condos for sale. They’re in more of a hurry to sell the properties. Sellers are willing to take less money, selling for less than asking price, in order to quickly unload their homes. Fewer buyers are looking to buy the declining properties amid soaring city blight and California Exodus. #realestate #market

The declining numbers support previous reports of a falling urban property market in Los Angeles. 34 sellers attempted to sell their Downtown area lofts and condos in June 2020, compared to 31 last June. The median price fell from $639,000 in June of 2019 to just $567,500 in June of 2020 as reported by real estate data from Downtown and nearby neighborhood MLS areas 23, 42 and 1375. Sellers have been willing to accept 4% less of their listed asking price as panic prevails, seller motivation budges toward desperation, the unstable economy sinks, and big city living loses its luster.

How to Fall Up

Of course, declining prices can present an opportunity for prospective home buyers and investors. For now, most are opting for defensive positions, or even paralysis, a sign that falling home prices may continue.

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Find out what the home down the street sold for

Find out how much your neighbor’s home sold for. Get a free list of homes that recently sold, along with prices, and a list of homes currently on the market. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

  Lofts For Sale     Map Homes For Sale Los Angeles

SEARCH LOFTS FOR SALE Affordable | PopularLuxury
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.