Here’s what happened in L.A. urban real estate last month: Median home price dropped by $70,000 since the same month of the previous year. January 2020 median home price was $580,000. January 2021 median sold home price fell to $510,000. Based on MLS data from areas 23,42 and 1375.
Several Downtown specialist real estate agents report a significant uptick in new buyer requests in the past few days. Perhaps February might improve a bit.
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Angelenos pre-occupied with virus hysteria. Real enemies take control.
REAL ESTATE NEWS
Urban real estate prices continue to fall, as prospective home buyers dry up. While Angelenos are entirely distracted by an “invisible enemy,” the violent gangs have taken advantage, and have taken control. The city must capitulate to its failures, then make some difficult changes. Not just the property market, but our livelihoods and our lives depend on it.
Panic leads to very bad decisions. Hysteria leads to the very worst of results. It seems as though the only safety concern today involves a bad flu-like virus that is not even in the top 7 causes of death according to the CDC. This kind of mass hysteria leads to unexpected, undesirable outcomes. Extended mass hysteria leads to unlimited mass atrocities. For one local example, taxpayers have allowed the city to cripple hundreds of thousands of jobs, to stop enforcing most laws involving the homeless, attracting more crime, with less protection for middle-class taxpayers. As a result, L.A. homeless and middle class taxpayers both now suffer from a massive explosion of horrific crime, including violent assault and murder. Now that hundreds of thousands of retail, restaurant, travel, tourism, and entertainment industry jobs for the young adults of Los Angeles are impacted or wiped out, violent gang activities are the default career for many.
Unprotected homeless and the middle class are being abused and killed by gang members at an atrocious pace. The first two weeks of 2021 rang in more violent crime than the entire year of 2020. The people who we thought were our city officials now beg and plead with the real bosses — the teens and twenty-somethings who control the city streets with nearly unfettered, merciless power. LA gang members may once may have been our waiters — now they’re our armed robbers and our drive-by shooters. They used to wear a vest with bowtie when they worked at the hotel restaurant. Now they wear a white t -shirt, baggy pants and face tattoos. Violent gangs are the natural choice for young adults who are prevented from working by elected officials. The size and strength of local gangs have grown by leaps and bounds. With names such as Canoga Park Alabama, The Magician Club, Crazy Riders, 38th Street, Mara Salvatrucha and Paca Trece, these gangs now control the streets, freely roaming while law-abiding Angelenos feel imprisoned at home. Get to know our new leaders online before meeting them in person.
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