bitcoin – Page 7 – LA Loft Blog

When it comes to Downtown L.A. real estate, there is no better place to find out what is going on. This post will reveal everything from cracks to stone cold facts to crazy possibilities. #realestate #market #news #dtla

Southern California Real Estate Cracks Affect Downtown Los Angeles — Southern California Real Estate Market Cracks Affect Downtown Los Angeles

Readers of the L.A. Loft Blog are the most informed buyers, sellers, landlords and tenants. In 2011, we notified the world that the coming wave of foreclosures was probably not going to happen. We informed that the real wave to catch was the beginning of the economic growth cycle, and crazy low real estate prices. We foretold the fact that buying a Downtown Los Angeles loft or condo at that time would virtually like getting a free home. Fortunately, for our buyer clients, it turned out to be true as the average Downtown loft more than doubled from the mid $200,000s to over $600,000 today. The cost of the home has been quickly surpassed by the tremendous equity gained. The average home owner now has a net worth $400,000 higher than that of the average renter.

THE FUTURE OF DOWNTOWN LOS ANGELES REAL ESTATE

Six days ago, the Loft Blog reminded everyone that it is time to spot the changes now occuring, how to spot the canary in the coal mine in order to see what’s coming, and how to take advantage of the dynamics of today’s real estate market.

This week, the Orange County Register reinforced our insight, reporting that Southern California home seekers are placing 9 percent fewer homes into escrow this spring, a dip that caused one analyst to write his “Cracks Appearing” report.

Steve Thomas of ReportsOnHousing wrote: “Noticeable cracks have appeared that illustrate a cooling market”. He goes on to note that it is not suddenly a buyer’s market as there is a lack of available homes below $1 million. A recent count of 13,669 new SoCal escrows is down 1,341 sales contracts in 12 months or 9 percent. That’s also off 5 percent vs. the previous five years.

Supply of available homes is down, while at the same time, it is taking longer for homes to sell.

The bottom line is that the real estate market in general is slowing, with fewer transactions, as buyers and sellers are both more content to stay put where they are. The biggest losers in today’s real estate market are flippers, real estate agents.

Renters are also among the losers, as they will likely feel more and more like frogs in very warm water turning to boiling as the heat rises too slowly to notice unit it’s too late. Because prices are unlikely to fall substantially, but rather likely to meander up, most renters will find themselves increasingly priced out of the market.

SELL REAL ESTATE TO BUY BITCOIN?

Here’s the craziest of possibilities that is actually very likely to come true: Those who sell their home at today’s plateau, use the proceeds to buy cryptocurrency such bitcoin near its bottom in roughly a year, will be likely be able to sell and retire on tens of millions of dollars of gains just a few years later.

Please let us know who is crazy enough and smart enough to do something like this. We’d love to hear more stories from the really amazing readers of the L.A. Loft Blog. And, as always, we are here to help those who have questions.

Get questions answered about Downtown lofts, condos, apartments for sale and for lease. Get info on buildings, Mills Act historic lofts with tax benefits, 2-story lofts and prices of homes that recently sold in the area. Fill out the online form:

<a href="https://laloft.wufoo.com/forms/m1spfx910pdzxmx/" target="_blank" rel="noopener noreferrer">Fill out my Wufoo form!</a>

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

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.

OLD DOWNTOWN LOFTS, AND SHINY NEW OBJECTS!

Downtown lofts are among the funnest of properties, but we all love shiny new objects, and this precious gem relates to you as a reader of the L.A Loft Blog, and the improvement of your finances through the use of new technology. It always sounds a bit crazy when I mix talk of old traditional investments like real estate with spankin’ new technologies like cryptocurrencies and blockchain. #steemit #newhomes #dtla

So that you can learn and profit, you’re getting access to the latest real estate information and technology, and you must know, I recently uncovered what looks like some very shiny pieces of virtual gold in the form of Steem, a very useful cryptocurrency, and Steemit, the publishing and social media platform that pays a surprising amount of money. I’ve made tens of thousands of dollars thanks to Bitcoin. So, when I say “New Homes powered by Steem,” I mean that the information on the LA Loft Blog is now partially sponsored by revenue generated from our publishing platform on the Steemit blockchain blogging platform.

First, if you have not heard about Bitcoin and other cryptocurrencies, then you had better get up to speed by reading about Bitcoin first at https://bitcoin.org/en/

Now that you are educated on the real value and utility of Bitcoin, take a look at what Steemit blog writers and video bloggers are doing on Steemit and DTube that opens floodgates of cash. Some Steemit vloggers are making thousands of dollars per post, while others are making tons of dough by voting and commenting on other posts.

There are now countless industries and niches that profit from cryptocurrencies. Steem is its own very big and complex ball of wax that one can spend 24/7 learning, developing and implementing many idea and business models that relate to Steemit, DTube and many other Steem-related utilities.

How will this affect the L.A. Loft Blog? Because Steemit pays you and me quickly and directly, I’m going to start blogging on Steemit first and then writing a shorter introduction on the usual WordPress blog that you are reading now. When you get paid for reading, commenting, rating or up voting, you can quickly see the advantage. The blog posts will be bigger and better because there are more rewards for creating more, larger and more powerfully informative blog posts. They will still be about lofts in Downtown Los Angeles, but we will inevitably see how real estate more and more gets connected to the blockchain. Soon, escrow, and many other facets of real estate will use blockchain technology, which is simply a ledger that uses encryption instead of a central authority.

So, that being said, please start making money for yourself, getting Steem dollars, from reading my blog posts that will now be created on Steemit. Spend at least a bit of time to learn how to get the most out of it for yourself. I expect that Steemit will be integrated with the L.A. Blog Blog in the future, but for now, simply click to read my very first blog post (the topic is also about Writing a First Blog Post — with some real estate thrown in for good measure ) on Steemit at https://steemit.com/first/@coreychambers/steemit-first-blog-post

Get a free list of new homes. Fill out the online form:

<a href="https://laloft.wufoo.com/forms/z809dha1yg6zro/" target="_blank" rel="noopener noreferrer">Fill out my Wufoo form!</a>

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

Tag: bitcoin

Cracks Appearing in Southern California Real Estate Market – Downtown Los Angeles Affected

DTLA Lofts Project Still Has Plenty of Units Available

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