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.

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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.

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.