Los Angeles Real Estate Boom or Collapse? How Can We Get Through It?

LApocalypse Now – Los Angeles decays during coronavirus lockdown, omen to slow recovery.

Commercial real estate professionals have been crying for help over the past few weeks. The National Multifamily Housing Council just reported that on-time rent payers just fell from 81% in March to just 69% for April. This is an unprecedented increase in unpaid rent, a economic breakdown of historic proportions. #losangeles #realestate #coronavirus | Blog Video

Find out what the home down the street sold for
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The crash has just begun, but Fox Business says that real estate boom is just around the corner. Can this be possible? If so, how? #recession

The L.A. Loft Blog has disclosed our analysis and expectations of massive economic downturn, painfully slow real estate collapse with even slower recovery. Astute L.A. Loft Blog readers prepare for the worse while recognizing equivalent opportunities for impressive gains by those who are tuned in to the shifting course of markets.

Most Americans sadly don’t understand economics very well. Money and economies don’t respond well to being neglected or disrespected. Shutting down an economy for a short time shall lead to much worse economic turmoil, for a longer period of time than most expect. It takes much longer to hire than to lay off. Sliding down is much faster and easier than climbing up. The good news is that climbing back up is possible. For some, including many readers of the L.A. Loft Blog, recession opens the window to greater wealth.

Those with diverse wealth positions have already begun to snap up deals. Warren Buffet and the like have already sold some assets near the top of the market to maximize their cash on hand (as the foolish asked “Why does Warren Buffet keep so much cash on hand?”). Next, the Warren Buffetts of the world are already very busy watching, then studying and researching, before finally nabbing huge deals and steals for tremendous profits. The average Joe can do the same, provided he has the same motivation and discipline.

Many will work two or three jobs to find themselves still losing ground, losing their minds and health due to stress and anxiety. That’s especially true for those who don’t come from a background of investment, or who are not motivated to rise up above the modern day chaos of panic and widening class division.

Investors know about the easier way: Cutting expenses to reserve cash, to buy up super deals — this is the primary, simple formula for surviving and thriving a major recession. While real estate is the great American dream and historically proven way to wealth creation, real estate works best when purchased right along side today’s game-changing investments like Bitcoin, old standbys like gold, and recession money-makers like short-selling of bad stocks.

HOW TO STEAL A LOFT

The reason why real estate is now on sale is because few people wish to buy a home today. This lack of demand corresponds to quickly falling home prices. The few who are considering the purchase of a property now find it hard to tour homes for sale, although we’re seeing an increasingly questionable pandemic #filmyourhospital with a much lower-than-predicted infection rate, and much lower-than-reported fatality rate. Buyers should know that Downtown L.A. condo prices have already dropped by more than $35,000 in the last two years.

Here are tips and tricks to get a great deal:

  • Place back-up offers on the most desirable properties.
  • Place back-up offers on the most imperiled escrows.

GETTING A STEAL – In addition to placing a lower offer and spending more time negotiating, brave home buyers can use some advanced tactics and strategies to get the best deal.  Several of these methods of finding and buying good deals are on the L.A. Loft Blog. Here are the Top Seven Steals: Downtown Los Angeles Real Estate Deals; Best Deals in Downtown Los Angeles; Mills Act and the Top Ten Most Amazing Real Estate Deals; Best Deals Under $500,000 in Downtown Los Angeles; Downtown Los Angeles Lofts For Sale – How to find the best deals; Downtown Los Angeles Lofts and Condos – Best Deal Types

MORE DEALS

Reader Questions

Q: What is the contact info for beacon lofts association? A: Find HOA contact info at www.HOADTLA.com

Q: What’s happening at savoy condominiums los angeles? A: The best thing about the Savoy is the awesome location between the best part of the Arts District and the best part of Little Tokyo.

Q: What happened with the murder at the watermarke tower? The WaterMarke Tower has recently been known for people coming and going with very little security. Here’s what happened when a guy was killed over an apparent drug deal gone bad.

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LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

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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.

Coronavirus Property Entry Advisory and Declaration

Today, we’re seeing a dangerous shortage of critical thinking and a perilous lack of investigative reporting about health and economics. The L.A. Loft Blog pledges to help protect the unhealthy and the healthy by providing the whole truth: ALL JOBS ARE ESSENTIAL. #coronavirus #update #realestate

The California Association of Realtors® has provided this advisory for those who are looking at real estate for sale and for lease. Here’s exactly what it says:


1. RISKS OF EXPOSURE: The Coronavirus (COVID-19) pandemic is a worldwide risk to human health. COVID-19 is highly contagious and has a mortality rate many times greater than the flu. COVID-19 can spread easily and exponentially. While people of all ages are at risk of catching COVID-19, persons especially at risk are those with compromised immune systems and the elderly. Persons over 65 of age may be at particular risk. 2. “STAY HOME ORDERS”: In order to reduce the spread of COVID-19, the State of California, as well as many California cities and counties have issued “Safer at Home” or “Shelter in Place” orders, with exceptions for essential activities. 3. REAL ESTATE SALES ACTIVITIES AS ESSENTIAL SERVICES: Under Federal and State guidelines, activities required to facilitate a real estate transaction have been deemed essential activities. Nevertheless, designation of some real estate activities as essential activities does not make them free from COVID-19 risks. All persons must still practice “social distancing” and take all steps necessary to protect themselves and others. Finally, some county and city orders are more restrictive than Federal and State guidelines and may take precedence over Federal and State guidelines. 4. REPRESENTATION AND AGREEMENT: By signing below, you make the following representations and agree as follows:A. You are either: (1) The seller, landlord, tenant, or occupant, voluntarily allowing someone to enter the Property for viewing, walk-through, inspections, or otherwise facilitating the real estate transaction; or (2) A prospective or actual buyer, tenant, real estate agent, or other person whose services facilitate the completion of a real estate transaction and are voluntarily entering the Property for the purpose of viewing, inspecting, or performing an activity or providing a services in furtherance of a real estate transaction. B. You understand that showing and visiting properties may be dangerous or unsafe and could expose you or others to Coronavirus or COVID-19. C. If applicable, you understand that your showing or visiting activities are part of an exception to Federal and State “Safer at Home” or “Shelter in Place” orders and that you are conducting those activities at your own risk. D. You understand that if you engage in any activities in violation of the law, including Federal, State, county or city orders, you areacting against the advice of Broker. E. You agree to take all reasonable and necessary precautions to protect yourself and others from the spread of COVID-19, including, but not limited to the following:(1) You are aware of and agree to follow all Federal, State, and local laws and orders, including Stay Home, Safer at Home, Shelter in Place orders, even though such laws and orders may be changing rapidly. (2) You agree and understand that it is your responsibility to exercise care to protect yourself, such as assessing your own risks, which may include age, underlying health conditions, recent travel, possible exposure to COVID-19, doctor’s recommendations, and State or Federal recommendations.(3) You represent that (i) to the best of your knowledge, you are not currently afflicted with, and have not knowingly, within the last 14 days, been in contact with someone afflicted with COVID-19, and (ii) you are not experiencing a fever, or signs of respiratory illness such as cough, shortness of breath or difficulty breathing, or other COVID-19 symptoms. (4) You believe that you are not likely to transmit or contract COVID-19. (5) When visiting or allowing someone to visit the Property, and if available, you agree to wash your hands with soap and water or use handsanitizer, and to wear rubber gloves, a protective face mask, and protective shoe coverings. Remember to not touch your eyes, nose or mouth.(6) You agree to practice social distancing by keeping at least 6 feet between yourself and others. Do not gather in groups, and do not touch surfaces or items in the Property. If you believe it necessary to touch surfaces or items in the Property, consider the risks of doing so. You are reminded that wearing protective gloves, face masks, shoe coverings, and washing and sanitizing hand are steps you can take to protect yourself and others. (7) After showing the Property, sellers, landlords, and occupants should clean and disinfect the Property, paying attention to any areas that maybe commonly touched, such as door knobs, handles and counter tops.(8) After viewing the Property, visitors should discard any gloves, masks or shoe coverings worn during the visit and wash their hands with soap and water for at least twenty seconds. 5. AGREEMENT, DECLARATION AND ASSUMPTION OF RISK: By signing below, you are declaring the foregoing is true, that you agree to take all recommended and reasonable actions to protect yourself and others from exposure to COVID-19, and that you assume the risk, as applicable, of entering the Property, or allowing someone to enter the Property. You understand and agree that no one, including but not limited to real estate brokers and agents, can guarantee that you will not be exposed to or contract COVID-19.


Commentary by the L.A. Loft Blog: | Video Blog

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We are reading claims that the Covid-19 mortality rate is many times greater than the flu. This contradicts top epidemiologists who say that SARS-CoV-2 is comparable to seasonal flu. We must immediately strive to learn the whole truth. Next, we must ask: How many will suffer and perish due to the current economic shutdown? Could panic be worse than a pandemic?

Corruption and poverty kill millions. Throughout history, panic and economic collapse have killed hundreds of millions of healthy individuals. Today, we are all at risk of panic-induced poverty and economic collapse that would affect the health and well-being of every man, woman and child. The International Monetary Fund has warned of “humanity’s darkest hour” if we fail on epidemiology and economics. To protect the unhealthy and the healthy, social distancing and other effective measures absolutely must be promptly taken in ways that preserve freedom and free enterprise so that Californians will have the resources that we need to survive next year, the next 10 years and beyond. California real estate professionals have declared their job essential. Yes, but not only real estate. History has proven that ALL JOBS ARE ESSENTIAL.

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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
IMF warns of “humanity’s darkest hour” if we fail on epidemiology and economics.

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.