Downtown Los Angeles Real Estate vs Bitcoin

Bitcoin takes lead in investment results.

REAL ESTATE NEWS

As the darkness of an economic winter envelopes urban real estate, the number of Bitcoin millionaires has more than doubled in the last two months alone. More than 50,000 tech nerds and investors now own $1 million or more each of the first (and still most popular) blockchain cryptocurrency. The Loft Blog recently reported that 2020 continued a two-year trend of falling home values in DTLA.

Lofts and crypto are both really cool things. They’re both considered unorthodox investments, seemingly risky to many, yet correspondingly more rewarding than their stodgy counterparts: the traditional single family home and the ancient precious metal gold. As investments, real estate does not compare to Bitcoin, which has beat the property market by more than 100 to 1 in return on investment over the last 10 years. While Bitcoin is the reigning king of profit, you can’t live in a bitcoin. That being true, a $25,000 investment in Bitcoin seven years ago allows that investor to own ten downtown lofts today. Real estate professionals forecast that Downtown real estate may take around five years or more to unwind, and then to make a significant recovery. By that time, a single Bitcoin is likely to be approaching the value of a condominium unit.

Fortune favors the bold, the hard-working and the determined. Real estate success, especially in a down market, is predicated upon economic success. The Loft Blog extends once again its strong suggestion that readers learn, experiment and take advantage of new investment technologies.

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Urban middle class confounded by massive shifts in economics

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.

Monetize Your Life

Make money while you sleep

Did you know that millions of people worldwide get paid not only while they work, but also while they eat, sleep, play and relax? Some people make more money while they go to the bathroom than the average person makes from working all day long.

The Loft Blog recently presented our first premium article just for paid subscribers, called Monetize Your Home. As we stand today in the largest economic and social crisis in recent history, more than one third of Americans are suffering extreme strain on their finances. The Loft Blog is here to help, not only with finding an amazing home, but in ways to help pay for that better home and better life. When we talk about monetization of your life, we’re referring to ways to get money by charging for things that you already do. The wealthiest of people often work harder and longer hours than the average person, but the wealthiest tend to make much more money from their work — plus more money when they are not working — because they are focused on making that work pay off big. Take advantage of these methods to bring in more money from places where you might not have expected.

Get access to the full article with these valuable tips on smart ways to make money:

Make Money While You Sleep
Get Paid to Eat
Get Paid to Play
Get Paid to Chat

Get Paid to Travel
Get Paid for your Advice
Get Money from Your Home
Get Paid to Talk on the Phone
And 17 other ways to get paid to do the things that you already do.

Become a premium subscriber to receive the complete premium article or fill out the online form:

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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. This does not constitute financial advice. Readers must perform their own due diligence and research. This is not an offer to buy or sell securities. 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.