Like many other loft condominium buildings that are today surrounded by homeless and violent mentally ill in Downtown Los Angeles, Little Tokyo Lofts for sale listings have been suffering a recent 91.66% failure rate. Only one out of twelve listings sold successfully. This suggests a substantial risk that neighborhood prices may be lower next year. A list of recent sale and lease listings are available here. | PDF
In early 2019, we reminded Downtown loft investors, in our blog post, to consider selling their unneeded loft condos, and using the proceeds to buy bitcoin. Those who held on to their properties lost more than $40,000 of equity on average. Those who sold and kept in cash lost 6% due to “transitory” inflation, which is really the beginning of stagflation — runaway inflation plus economic stagnation caused by virus hysteria, massive overreaction and socialist-style government interference. Those who acted on our bold suggestion found that $300,000 in average equity jumped to $5 million since, more than a 1,600% gain.
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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, DRE 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 LALoftBlog.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