Real Estate News – Page 131

Cracks in the Los Angeles Real Estate market: Worse than Reported?

Count on the faltering mainstream news and real estate websites to continue to get it wrong for several more months at least. Reports of “Real Estate Stable” and “Real Estate Not So Bad” are based on outdated, political or commercial opinions, not empirical facts. The popular news sources generally look at old data, while the real estate websites try to focus narrowly on whatever positive, uplifting information they can provide. Realtor.com tries to be supportive of real estate professionals, but falls short in providing enough helpful insight into declining markets, falling prices and cyclical downturns that uncover the best deals in loft living. #losangeles #realestate #news | Blog Video

The L.A. Loft Blog makes strong efforts to look at all sources of data to give the most accurate, actionable news and projections — regardless of common perceptions of good or bad news. The truth is important because inaccurate news leads to poor judgements and unprofitable financial decisions. By surveying all viewpoints and all angles, the Loft Blog gives the ups and downs, pros and cons, good and bad. This whole truth approach helps home buyers, sellers, renters, landlords and investors to get the best results by taking advantage of massive silver linings, and turning lemons into the most refreshing of lemonade. Other occasionally helpful sources that we’ve identified include LA Curbed (which wonders if the housing market is recovering, and admits that it’s having a hard time making sense of housing data) and The Real Deal. Well, we have answers for you, LA Curbed: No, the housing market is not recovering; it’s getting worse. LA Curbed astutely points out growing consternation between landlords, tenants and the city government, amplified by corona panic eviction freeze and explosion of expensive bureaucracy to make L.A. Law firms rich! L.A.’s chaotic rent-control love triangle is sure to get more dramatic, as the entire real estate sector has only just begun to run a gauntlet of a painful path.

The real news, and the true facts are about the collapsing housing market, and how billionaires associated with JPMorgan and Fortress are planning to take advantage of the rapidly falling property prices as part of the largest wealth transfer in history, from the middle class to the wealthy.

The LA Loft Blog analyzes thousands of data points every day, including daily MLS numbers, and direct daily communication with home buyers and sellers. Home prices are falling faster, with much deeper effects than what the mainstream media can fathom.

Find out what the loft down the street sold for. Fill out the online form:

<a href="https://laloft.wufoo.com/forms/qbg942419l39cs/" target="_blank" rel="noopener noreferrer">Fill out my Wufoo form!</a>

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

Los Angeles loft buildings: Pride and stability? Or prisons of price collapse?

Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE 01889449 We are not associated with the 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.

He’s back: Drew Christian Donovan AKA Christian Andrews AKA Jimmy Wayne Jackson

REAL ESTATE NEWS — The Con Man Comes Again #drewdonovan

The next time a wealthy, charismatic gentleman offers to pay your bills, gift you a car or house, alarm bells in your head should ring loud and clear. Drew Donovan is out of jail, and back on the prowl in West Los Angeles. His latest victims are surveying the damage — substantial losses upwards of $50,000 or more. A full-time career criminal with conspiring accomplices, the convicted felon has spent his life bilking hundreds of individuals and businesses out of millions of dollars. With a cheerful smile and earnest demeanor, the slick professional employs his well-honed skills to separate unsuspecting marks from their money and credit cards to the tune of tens of thousands of dollars per sucker. #conman #fraudster | Blog Video

Some of Donovan’s most recent pawns have included seniors with disabilities, women with young children and sophisticated elderly ladies, taken by the charlatan’s convincing charm and highly polished skills of deception. In most cases, the swindler presents himself as a helpful wealthy benefactor, handing out generous fake checks that bounce, offering to pay bills using phony phone payments, and endowing his targets with simulated “gifts” that end up as big fat goose eggs, returned unpaid weeks later. To lend an air of legitimacy, the skilled scammer sometimes uses the aura of real estate and financial trappings, such as oblivious bankers and unaware agents, as tools for his fraud set-up. Now over 50, the creep is still spending his ill-gotten gains on his depraved lifestyle of sex and drugs.

Donovan, sometimes spelled Donavon, is currently on the loose again, and has recently been swindling innocents in the past few weeks, around West L.A. Brentwood and Beverly Hills area. The public is asked to report any sightings of the criminal to the police and also to the L.A. Loft Blog at news@laloftblog.com

Homeless To Move Into Luxury Hotels

Apparently, the $3 billion per year spent on less-than-effective homeless programs by the City of Los Angeles is just a start. Now that we have corona-panic, it’s time to go totally A-Luxe and put homeless into super luxury hotels, according to a report by ABC News. The city will pick up the tab for hundreds of millions of dollars, perhaps closer to a billion dollars (what a steal!) to give the homeless the fine services that they deserve. Meanwhile, tent cities, pop-up junkyards and derelict motorhome parks continue to sprawl across Los Angeles sidewalks and streets.

Project Roomkey is a collaborative effort by the State, County and the Los Angeles Homeless Services Authority (LAHSA) to secure hotel and motel rooms for vulnerable people experiencing homelessness. It provides a way for people who don’t have a home to stay inside to prevent the spread of COVID-19.

LAHSA apparently did not get the memo from doctors who now say that corona is flu, and spreads more indoors. It’s not clear how much additional funds will be spent to treat the staff and guests who come into contact with more viruses. Not surprisingly, some hotels have been reluctant to participate in Project Roomkey. While it might be just the thing for some travel hotels that are empty, luxury hotels are unlikely to take part in a corona-related program that will chase away profitable fat-cat guests. The city council just voted to smear the names of hotels who refuse to take part in the program. Now the council is considering possibly taking over the hotels by force. Of course, homeless are exempt from many laws in L.A. It’s also not clear on whether homeless will be eager to follow rules, such as no guests and no leaving the room except for essential services. No word on whether the program includes room service. #homeless #luxury #hotel

Reader Questions

Q: Where can I find artist loft for rent? A: Artists and lofts go together like hand and glove. Take a look at artists lofts. Check out https://www.laloftblog.com/?s=artist+loft+for+rent and the industrial style lofts at https://www.laloftblog.com/2020/04/12/industrial-lofts-for-lease/

Q: Which loft buildings in los angeles county are pet friendly? A: Pet-friendly lofts info can be found on the L.A. Loft Blog at https://www.laloftblog.com/?s=pet-friendly and also at https://laloft.wufoo.com/forms/z1ua3s3h0q9r3gm/

Get a free list of amazing artist lofts for lease. Fill out the online form:

<a href="https://laloft.wufoo.com/forms/q1ds1rlx1cf2z0q/" target="_blank" rel="noopener noreferrer">Fill out my Wufoo form!</a>

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

Category: Real Estate News

Los Angeles Real Estate News

Drew Donovan: Con Man of Beverly Hills, LA

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