When a faltering economy slows down real estate tractions in Downtown and other urban neighborhoods, more scams and frauds appear, and even legit real estate pros can get into dire straits leading to unscrupulous or unlawful behavior. As the big city real estate stagnates, here are common recent scams to avoid. To avoid getting scammed by desperate real estate agents, here are suspicious agent activities to watch out for:
Failing to submit offers to home seller;
Offering to help a home buyer pay for property, then failing to come through;
Telling seller that the property is worth much less than it is, then buying the property or having friend buy it;
Reducing asking price without permission;
Telling the seller that the neighborhood is going downhill because minorities are moving in;
Telling a minority buyer they should live with their own kind;
Failing to disclose known defects and deleterious conditions;
Telling a home seller that the home is worth far more than it is, in order to get the listing;
Failing to show the property to any buyers;
Failing to get any offers on the property.
In down markets, some agents find that their commissions are no longer coming in regularly, and they cannot afford to renew their credentials. Others may get too aggressive, and get a negative record on their license such as suspensions or other disciplinary actions. Always check to ensure that the real estate pro’s license in is good standing. Check out licenses on the California Department of Real Estate status lookup website.
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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Browse by Building | Neighborhood | Size | Bedrooms | Pets | Parking 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.
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