Quick, Temporary Rentals for Short Stays in Downtown L.A.
Finding a loft, condo or apartment rental for 1 month to 6 months can be a daunting task in Downtown L.A. Most of them are not advertised, and real estate professionals and rental home search websites do not usually make it easy to find temporary housing in DTLA. #dtla #shortterm #rent
To help those who are new to Downtown LA, and for those who are in transition, the Loft Blog is providing a list of short term furnished and unfurnished residential venues for lease.
Short term loft, condo and apartment rentals in DTLA:
Gas Company Lofts Title Guarantee Building
Apex
1010 Wishire
Level
AirBNB More
Since most real estate agents and professionals do not offer much assistance for short-term rentals, Renters who need a quick temporary solution often have a hard time finding the right space and find themselves ignored by the real estate industry. One solution is the upgraded rental tour that includes short-term lofts for lease and other temporary rentals and treats short-term renters like million dollar buyers. Get free details at LALoftTour.com. For general lease tour info, fill out the online form:
Real Estate Economics of Downtown L.A. Lofts and Condos Today
The L.A. Loft Blog, the authority on Downtown Real Estate, reported in 2016 that we entered into a normal real estate market. What is a “normal” real estate market? Before we can answer that, we must answer the question about why we never hear the word “normal” when we hear news about economics . #dtla #realestate #news
Let’s first start by informing about how we at the L.A. Loft Blog have been helping buyers, sellers, renters and landlords by telling everyone (who was fortunate enough to read in 2011) to start buying real estate, to catch the wave before it passes, and that it would be almost like getting a free house. In 2013, the L.A. Loft Blog reported that prices were up and that the sky is the limit on prices.
The fact is, economics is the dismal science, and most ignore it. Buyers buy when they feel like it, or when they have the money, and sellers sell when they need to, or when they want to move or to cash out. The smart, astute and savvy do, however, at least pay attention to economics and integrate the facts as much as possible into their profitable plans.
In 2012, when the recession was at its lowest, the publishers of the L.A. Loft Blog eagerly put our own money where our mouths were, and went all in on purchase of real estate. We bought an Alta loft for $202,000 that year, and a few years later, the value was more than double. While it’s not exactly free, that is the closest thing to getting a free home for a home buyer.
While many took advantage of the low prices at that time, others professed to know that there was a coming wave of foreclosures that they were waiting for. A heaping pile of garbage, the national mainstream news was dead wrong. The publishers of the L.A. Loft Blog informed our small readership that the “coming wave of forclosures” was not coming. Indeed, it never came. The only real wave was the wave of high prices that the L.A. Loft Blog forecast earlier. We, with many of our clients are riding that wave all the way into the frickin’sunset!
National real estate news does not exactly match up to Downtown real estate because Downtown Los Angeles is a fast-growing urban center in an unprecedented renaissance and renewal. The recession was slow to hit Downtown in 2009, and then Downtown LA was among the first to escape hard times as DTLA again exploded, quickly with growth in 2012 when the rest of the country was still waiting for the “wave of foreclosures” that never appeared. Not only is the mainstream news media unable to forecast what it coming up in the economy, the mainstream news is utterly unable to report anything as normal simply because “normal” is not news.
Today, we’re in a normal real estate market as prices are approaching a moderate plateau. Normal means that the economy is growing at a relatively common pace, and PRICES ARE LIKELY TO CONTINUE TO RISE SIGNIFICANTLY BEFORE PRICES DROP SIGNIFICANTLY. The coming plateau will likely provide extended stability, the hottest market is yet to come, and then the following fall in prices will be both late and marginal. Downtown rent prices have been largely stable for the past 12 months, indicating a stabilizing trend for home prices. A great deal of cash today is on the sidelines. After unprecedented quantitative easing by federal governments (electronic printing of money), cash is relatively easy to come by as viewed from historic standards. While it’s not a time for investors to immediately double their wealth in real estate, today’s Downtown Los Angeles real estate market does present a great opportunity for renters to stop renting and lock in a historic low interest rate and affordable monthly payment.
Those who need crazy, abnormal gains quickly will need to invest in Bitcoin. Or let us know what you think will be a faster-growing investment at tips@laloftblog.com
Get a free list of top Downtown LA investments. Fill out the online form:
Title Guarantee Building
