Downtown Los Angeles Real Estate Reader Questions

Corey Chambers answers about stagflation, real estate prices, warehouses, Mills Act — and murder.

Ask Corey

Q: What’s happening with stagflation and real estate prices? We’re entering a new era of inflation and stagnation, otherwise known as stagflation. The federal government has indicated that there will be no limit to money printing, quantitative easing and helicopter money. That spells higher prices, and eventually a devalued U.S. dollar. As the same time, we’re in the Greater Depression of the 2020s, which causes less demand and lower prices. Because GDP is being dramatically reduced by virus hysteria and lockdown, especially in major cities, many prices, urban home prices in particular, have downward pressure. The overall effect is slower growth with mostly higher prices for food and other staples, along with shortages and an economy that is out of wack. Most businesses shrink, or find it more difficult to expand. This is stagflation. Urban home prices go down, while suburban home prices either drop or stagnate, staying about the same price for longer than usual.

Q: Is there a place to live in a warehouse for rent los angeles? Where can I find warehouse living space for rent? A: There are warehouse lofts on the L.A. Loft Blog. For cheaper raw warehouses, search on Craigslist for warehouse. Industrial places are often amenable to a variety uses, and to making changes that suit the needs of creative persons.

Q: What are mills act condos? A: Mills Act properties are beautiful historic lofts and houses with character that pay home owners to live in and maintain these architectural works of antiquity.

Q: What happened with the 1050 flower murder? A: We are aware of previous murders a while back at Flower Street Lofts and at Watermarke Tower. Flower Street Lofts is at 1130 S Flower St and Watermarke Tower is at 705 W 9th St.

Q: Is oceanwide across from staples center south park la? OceanWide Plaza new development multi-purpose residential, hotel and retail megaproject under construction has experienced financial issues and very lengthy delays over the last few years.

Q: What were the events for new years eve dtla? A: New Year 2021 events were mostly online. We enjoyed the the Tan Mom train wreck, and the Snoop Dogg celebration. All free.

Q: Where are people moving to from the los angeles california exodus 2020? A: More people are moving out of Los Angeles and California to other states than moving in from other states. They’re moving to Texas, Arizona, Washington, Nevada, Oregon, other states. Some are moving to other countries such as Canada, Central America, South America, Europe, Australia, New Zealand, China and Japan.

Q: Are there tents in downtown los angeles? A: Yes, lots of homeless tents. More and more tents every day. And motorhomes, personal belongings and illegal dumping block more and more sidewalks and streets in L.A.

Q: What was kerry marsico cause of death? A: While there was not official release of the cause of death, top Los Angeles real estate agent Kerry Marsico likely died of a drug overdose, based on his open account of previous chemical abuse.

Get a free list of Mills Act historic homes for sale. 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
Homeless encampments block sidewalks and streets. Violent assault and armed robberies are up in L.A.

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 01889449, MPR Funding Inc NMLS 2000513. We are not associated with the seller, 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.

Real Estate Recession Downtown Los Angeles – October Home Prices Down 4%

Property Market Update  #realestate #market #dtla

Downtown L.A. —  Median home price dropped significantly in October, adding to a weak real estate market for more than a year, and demonstrating a solid three month down slide. The city’s urban center is feeling a real estate recession as nearly all of the numbers prove a slumping market in most every way, including falling home prices, declining number of transactions, smaller total volume and slower speed of sales in Downtown and the surrounding loft communities.

The median home price has slipped from $601,500 for October 2018 to $576,000 for October 2019.  That’s a significant drop of $25,500 for the month as compared to the same month last year.  Total October sales volume is down by more than $4 million. Most sellers now find that they must reduce prices and demonstrate more patience as properties move much slower.  The average home stagnated on the market for 70 days, which is 18 days longer to sell.   |   VIDEO

There’s always a silver lining in every economic storm cloud.  Lower prices bring new opportunities for prospective home owners and investors to get a better deal on an amazing loft, condo or house with lofty character, and with less competition from other home buyers and more motivated sellers.  More condominiums have opened up to FHA/VA 3.5% down and zero down payments. New first-time buyer programs offer lower down payments, as low as 0% to 2% down for moderate income home buyers. That’s good news for those who want to own and grow their wealth instead of facing a future of rising rents.

To further help lift spirits, the L.A. Loft Blog is hosting a special fun event with free virtual reality games in the Arts District. Just free tickets remain for food, fun and games at the world’s first indoor amusement park Two Bit Circus.  The event is for Corey Chambers Team clients, but all readers of the L.A. Loft Blog may request free tickets while supplies last.   |   Facebook   |   VIDEO

Get a free list of FHA, VA and low down payment lofts. 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.   |   PDF 2018   PDF 2019 market-oct-2018-p market-oct-2019-p