Real Estate News – Page 226

The Downtown Los Angeles Renaissance
#DTLA Moving Along at a Very Brisk Pace!

Remodeled luxury Bunker Hill Tower condo — Exclusive Report – The Best Condo in Downtown Los Angeles – For VIP Buyers Only

Tens of thousands have experienced major life transformations by moving to Downtown L.A. More than a half million of us now owe our livelihood to Downtown Los Angeles. For more than 10 years now, our team has received up to 100 call a day from those who want to move to DTLA. With improvements to Downtown’s infrastructure approaching $10 billion, the restaurants, shops, entertainment, transportation and housing have reached world-class status, attracting large number of upwardly mobile and wealthy new residents. Many are on their way to making billions — while some are left out. Here’s what’s happening today in the most exciting place on Earth.

Enjoy Going from Downtown Los Angeles to Santa Monica – The new Metro station is now open! Now Downtown residents can enjoy going to the beach without driving on a clogged freeway, while Santa Monica residents can enjoy Downtown’s urban vibe in a greener way.

Downtown Billions – The Boom Continues

Many are on their way to making billions! Check out the giant leap accomplished by Jim Gilliam of NationBuilder. He started with just a few people to create one of the most powerful software companies in the world of politics. Inside the Downtown offices of NationBuilder, there’s little evidence that the company plays a crucial role in hundreds of high-profile elections across the country. The Pershing Square-adjacent headquarters for the company, which builds cloud-based organizing software for political campaigns and other businesses, feels more like a shared workspace for recent Stanford grads than a political war room. The casual feel does not fully portray the role NationBuilder plays in determining who gets to wield political power in Los Angeles and beyond. In the March 5 city elections, NationBuilder users included victorious City Council members Mike Bonin, who won the 11th District seat, and 15th District incumbent Joe Buscaino (who faced only token opposition).

Downtown’s primary challenge and opportunity is to show the world how to fully handle the homeless problem. Take a look at Chrysalis – Changing lives through jobs. See their success stories in changing lives through jobs, then donate to this powerful organization that improves many lives by helping them to connect with the right resources and employers.

Coming Soon – What could be the best of all #condos in Downtown Los Angeles. This pocket listing is available for VIP Buyers only. If you like this tiny glimpse of the luxury refrigerator, city views, high ceilings and polished concrete floors, wait til you see the 5-star hotel-style master bathroom! The good news is that it is free to become a VIP Buyer.

Get free access to all of the properties. Fill out the online form:

<a href="https://laloft.wufoo.com/forms/z4kbnve1c95buo/" target="_blank" rel="noopener noreferrer">Fill out my Wufoo form!</a>

LOFT & CONDO LISTINGS DOWNTOWN L.A. [MAP]

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Copyright © 2016 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, seller 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.

Market and Housing Forecast for #DTLA #RealEstate

In a recent real estate poll, fewer buyers said that now was a good time to buy, while more sellers felt that now was the best time to sell. This marks a notable shift in the market. Is now best time to buy, sell or rent a loft, condo or apartment in Downtown Los Angeles?

The L.A. Loft Blog, the authority in Downtown real estate, was the first to report in 2011 that the buying wave was coming. Those who purchased in 2011/2012 gained an incredible amount of wealth in the form of home equity. The average Downtown homeowner who purchased at that time gained several hundred thousand dollars of equity within just a few years. This is an incredible transfer of wealth. Today is a very different story.

japan-real-estate-chart — U.S. to Follow Japan’s Economic Model

Today, the L.A. Loft Blog is the first to announce that this is the beginning of a NORMAL market. Normal can be difficult to understand, so here is what that means: There will be no dramatic transfer of wealth any time soon. Prices will likely remain largely stable over the next several years. While would-be buyers may feel that the market is making them feel nervous, the reality is that many buyers normally feel scared in a normal real estate market because it is such a major purchase, and because the buying process is a major life event for most. For 2016/2017, buyers can expect a good return on their investment, which, for Downtown, means to expect an above-average gain. Sellers can expect normal results of their sale. Seller who wait for several years will be rewarded.

As for those would-be buyers who are waiting for a big price drop before they buy — they will likely be disappointed. And as for sellers who believe they can cash in now before the next big price drop, they will do OK, but selling now is not going to lead them to a winning euphoria. In fact, we will likely see several unexpected small run-ups in prices before we ever see a huge drop in prices again. Our economy has been following Japan’s model recently. Since the U.S. is following Japan’s lead in economics lately, Japan’s recent market could be our best glimpse in to the future of our real estate market. This model shows a coming large run-up in metropolitan home prices.

In Downtown Los Angeles, the most exciting place on Earth, the housing market will remain tight. To be successful, buyers must beat out all of the many other other buyers to the best deals. Prospective buyers can get free access to bargains, unlisted homes and powerful technology at www.LALoftVIP.com.

Renters are still flooding into Downtown as DTLA has surpassed a half million jobs, and could be headed to one million jobs if the economy remains on the right track for a while.

2016 is the year to buy according to CNN:
http://money.cnn.com/2015/12/04/real_estate/2016-real-estate/

The biggest discrepancy in CNN’s article is interest rates. The U.S. seems to be following Japan’s ultra-long-term experiment on government-instituted super-low interest rates. That has resulted in a stagnant economy, but surprisingly buoyant real estate prices. When investors can’t get results from other investments, they will turn to real estate.

Here is the real #1 reason to buy for those who find that they like living in Downtown Los Angeles:

Following the L.A. Loft Blog’s NORMAL market call, there is an abnormally high rental demand in DTLA. Despite dozens of new rental developments popping up, everything is pretty much full — the coming Garey Building recently reported 94% filled to capacity while under construction — before it even showed any model apartments for rent.

Look for rents to go UP, UP and UP! As for rent prices in Downtown L.A., the sky is the limit.

Of course, all this talk about economics, the dismal science, puts even fewer people in the mood to buy, and even more in the mood to sell. Find out how much your Downtown home is worth at www.LALoftPrice.com.

LOFT & CONDO LISTINGS DOWNTOWN L.A. [MAP]

Category: Real Estate News

Transforming Lives in Downtown Los Angeles Lofts, Condos and Apartments #dtla #condos

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