Category: Real Estate News

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California Exodus Accelerates as Oracle Evacuates to Texas #2020

Last one to leave California, please turn out the lights.

Lunatic Policies Continue to Chase Wealth Out of the State as the Tax Base Dwindles

REAL ESTATE NEWS (LOS ANGELES, CA) — People are leaving in droves. The State of California has its head buried deeply in the sand as looming deficits soar to unimaginable heights. The state’s rapidly failing policies of excessive taxes, soaking the rich, stealing from the middle class and expanding homeless tent cities continues to discourage the biggest and smartest companies in the state. They’re leaving at an accelerating pace.

Yahoo Fake News says the exodus is accelerated by coronavirus. This is a false narrative, as viruses have proven to operate basically the same in all states, spreading and dissipating without much regard to politics. Doctors are being censored when attempting to communicate the truth about the number of deaths being normal, like a typical flu season. It is not a virus, but panic, hysteria, exaggeration and overreaction that have accelerated the already brisk movement of people, wealth and brain power out of the State of California. According to tens of thousands of medical practitioners, heavy-handed lockdown mandated by state politicians has damaged health, wealth and happiness of citizens. Cautioning against fear and unwise practice, a growing number of doctors call it the “greatest hoax ever perpetrated on an unsuspecting public”. Californians will eventually rely on their own eyes to see that fake news and corrupt politicians are wrong.

This week, Oracle announced that it is moving its headquarters to Texas. The fake news blames the virus, but The California Exodus has been happening for years, and was already hitting critical mass before the virus hysteria arrived. Oracle is not moving to Texas to get away from a pandemic. With 135,000 employees, the database giant is moving away for the same reason as Tesla, Hewlett Packard and so many others: California’s extreme economic policies, over-regulation, high cost of living, growing crime and the trend toward telecommuting. Texas Governor Gregg Abbott welcomed Oracle, calling Texas the land of business, jobs and opportunity. | Blog Video

Wealthy, educated people and large employers have no reason to stay where they are not appreciated. When they are over-taxed, over-regulated, stifled and disrespected, they pick up and move to another state, or another country.

The State of California has shortsightedly ignored economic, as well as physical and psychological effects of over-taxation, over-regulation and increasing crime (one friendly local real estate agent was recently robbed at gun point in the Highland Park neighborhood of Los Angeles). In 2020, the myopia has exploded into full hysterics by mainstream lamestream news media, politicians, with irrational support by a significant percentage of a paralyzed population under massive censorship and propaganda by unlawful social media monopolies like Facebook and Youtube.

It’s time to stop believing the virus hype, and time to get concerned about being the last souls left in a struggling state dominated by blight, refuse and tent encampments that are unconstitutionally exempt from most laws. Unless these unwise trends stop quickly, California may not recover any time soon. The wealthy and middle class will continue to leave the state, leaving mostly poverty and blight in the once golden state. It is up to private citizens and small businesses to band together like never before to reverse the bad policies that increasingly threaten our right to life, liberty and the pursuit of happiness in California.

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After massive propaganda and manic mandates, Los Angeles loft dwellers overreact to a typical flu season. Elevator signs in the Eastern Columbia Building: Try to limit no more than two people per elevator. Following the state of California mandates, please use the following precautions on elevators. 1. Use stairs when possible 2. Try to limit no more than two people per elevator 3. Follow the 6 foot rule distancing between others on elevators 4. Wash hands immediately. Face masks are required please act responsibly and wear a face mask covering nose and mouth when in elevators, lobbies, stairwells, halls and garage as well as common areas of the building. Please protect yourself and others.

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.

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Why You Should Sell Your Home Now #sellhome

REAL ESTATE NEWS | Blog Video

As some older Americans are hit by deadly flu-like illnesses, we’re not seeing a significant increase in total deaths as a percentage of the population. The big impact is to be found in society and the economy. The future of real estate is in peril as young Americans now feel that all of their plans were ruined by the virus panic of 2020, according to The Guardian. The hysteria has led to economic collapse, worsening existing economic hardships, causing unemployment to triple for young adults – and has taken a serious toll on mental health. As the L.A. Loft Blog predicted, the overreaction is already causing far more damage than the disease. Sadly, the deadlier toll of panic shall get much worse, as millions defer basic health care, and millions of others have no idea what they’re doing right now, as they lose their jobs and health insurance. They’re maxing out credit cards to pay for bills and food.

The mainstream media, meddling politicians and social media monopolies continue to spread fear and hype, while failing to provide adequate mitigating disclosures about comorbidity, utterly failing to account for dire unintended consequences and massively censoring those who oppose hysteria and destructive lockdown. Doctors are paid extra to annotate assumptions that promote fear, fired for providing information that reduces hysteria. Hotels, restaurants, travel, tourism, entertainment and other service industries that hire a bulk of young adults are all but obliterated. In addition to today’s economic devastation, the long-term consequences of diminished education shall haunt the U.S. for decades.

While some have high hopes for the new year and new vaccines, U.S. economy will likely get worse before it gets better. Ned Davis Research says that the first quarter of 2021 will be rough.

As bloated governments take advantage of fear to grow bureaucracy uncontrollably, the best housing markets shall be capital areas like Sacramento and Washington D.C. Suburbs shall retain a robust property market while urban centers like Downtown Los Angeles shall continue to languish in exploding blight and falling home values. Eventually, even most suburbs shall also hit a wall, leading to some falling prices among single family homes. 2021 could be the year of overdue stock market capitulation and suburban surrender.

Commercial real estate is devastated nationwide, especially in Los Angeles. It can take years for commercial real estate to unwind, to continue to fall to its bottom. Shortages of food and household products evidence growing stagflation. Increasing government handouts are likely to land as direct increases to inflation.

While real estate continues to be a pillar of wealth and net worth in the American dream, the L.A. Loft Blog had the audacity to suggest that multiple property owners consider selling excess properties in order to put substantial money into Bitcoin. Those who took such a bold, innovative step saw their fortunes gain tremendously. We’re restating the suggestion once again today 🙂

Find out much your neighbor’s condo sold for. Get a free list of recent L.A. urban home sold prices. 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 | Popular | Luxury
Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking

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.