Corey Chambers Real Estate Newsletter June 2023 — The SoCal Home

THE GIVING IT BACK AND PAYING IT FORWARD NEWSLETTER

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Happy Fathers Day to… Everyone?

You guessed it:  Fathers Day is June 18. But why should I mention this to you?

Well, since you have been kind enough to be part of our business, I wanted to take the opportunity to give you a free gift on Fathers Day. Chances are that you are not a dad, but I am sure the dads won’t mind. So I am going to go ahead and give you (and those you know) TWO very special free gifts.

Yes, TWO Gifts.

Gift #1 We will sell your home at your price, or we will buy it.*

Yes, this is the guarantee I am most famous for. And you will know that, whether it’s a super awesome real estate market or a housing recession, I have not wavered from this guarantee. The peace of mind from a guarantee like this is a fantastic gift.

I can think of none better.  My team and I are committed to results. In fact, Results-Oriented is one of our core values. For more than 30 years, people have been coming to us when they want their home sold, at their price and with the least hassle. We look forward to the next 30 years of  Guaranteed Results for L.A. homeowners.  #coreychambers #realestate #news

Your Referrals Change Lives!

Go Serve Large!!! Investing In The People Of Our Great Community.

With The Corey Chambers Team, Your Referrals Really do Change Lives!

If you or a friend are thinking about selling, make sure to choose a real estate company you can trust!

A Real Estate Company That Gives Back!

Gift #2… Donations to one of the areas Leading NonProfits, CHLA Children’s Hospital of Los Angeles. In last month’s letter, I updated you on our goal of raising $25,000 for CHLA. In case you missed it, we donate a portion of our income from home sales to help the kids.  Children’s Hospital Los Angeles is a 501(c)(3). a nonprofit institution that provides pediatric health care and helps young patients more than half a million times each year in a setting designed just for their needs. Its history began in 1901 in a small house on the corner of Alpine and Castelar Streets (now Hill St. in Chinatown) and today its medical experts offer more than 350 pediatric specialty programs and services to meet the needs of patients. CHLA provides more than $316.2 million in community benefits annually to children and families. As the first pediatric hospital in Southern California, CHLA relies on the generosity of philanthropists in the community to support compassionate patient care, leading-edge education of the caregivers of tomorrow and innovative research efforts that impact children at the hospital and around the world. YOUR REFERRALS HELP THE KIDS! Keep them coming!

Our goal this year: Raise $25,000 for Children’s Hospital Los Angeles!

Who do you know considering buying or selling a home you could refer to my real estate sales team? Not only will they benefit from our award-winning service and ironclad guarantees but the kids of Children’s Hospital will benefit too! Just give me a call or pass my number on to anyone you know considering buying or selling. My number is 213-880-9910.

Your Referrals help the Kids!

Life moves fast for some and we are eager to make the Home Selling and Buying experience a smooth rewarding one. Over the last two decades of helping thousands of families sell their home and/or buy another, we have met some wonderful, loving, caring people. People like you! As we move forward this Summer, please know we areA Real Estate Company That Gives Back!

Thank you in advance for your referrals! My number is 213-880-9910.

Go Serve Big!!! 

Corey Chambers

 

P.S. Check out the story enclosed of this amazing young person whose life was given back thanks to CHLA.

CHLA Your referrals help kids!

A real estate company with experience, proven results, and a give-back philosophy!

Refer your friends, neighbors, associates or family members considering making a move:

You can go to www.ReferralsHelpKids.com and enter their contact info online, or forward the link to someone you know considering a move.

Of course, you can always call me direct as well at 213-880-9910

Why I support Children’s Hospital of Los Angeles

I grew up right here in the Greater Los Angeles Area, born in Los Angeles County at St. Francis Hospital. I remember when I first heard about a young person close to our family suffering from a nasty disease and getting treated for that at Children’s Hospital Los Angeles. It was then that I began to pay closer attention to the work they do at that hospital. Since then, I have learned that it is a collection of hard-working health care professionals, most making their home right here in the Los Angeles area, all coming together for a common cause. That cause is to help young people overcome unfortunate health issues that life sometimes throws our way. Being a Los Angeles Area California native, I take pride in supporting in a way that I can the good work these people do at Children’s. My team rallies around our annual goal or raising money and donating portions of our income to help Children’s in their quest to heal young people when they need healing. My team and I are committed to providing outstanding results for buyers and sellers referred to us by our past clients. I have discovered that Children”s Hospital Los Angeles shares similar commitment to their patients. And since their services survive on sponsorships and donations, we are happy to contribute and proud to support them.

Sincerely,

Corey Chambers

*seller and Corey must agree on price and time of possession. Corey Chambers, Broker DRE#01889449


Can a New Way to Treat a Tumor Help Kai Beat Brain Cancer?

Melissa found Children’s Hospital Los Angeles in July 2021, when she was on a frenzied search for help for her infant son. —  By Jeff Weinstock  (Courtesy CHLA)

After her infant son was diagnosed with a rare tumor, Melissa crossed the country searching for help. She found it at Children’s Hospital Los Angeles in the office of Dr. Ashley Margol, one of the few experts in an innovative therapy called MEMMAT.

Five months earlier, Kai had been diagnosed with atypical teratoid rhabdoid tumor, known as ATRT, an especially menacing brain cancer with a bleak prognosis. The doctors who made the diagnosis after removing the tumor recommended that Melissa and her husband, Chasen, not intervene with treatment.

“We ran from them as fast as we could,” Melissa says. But where to? Searching out an alternative opinion was an immense effort. “Nobody said, ‘This is how we treat it, this is what we’re going to do,’ because there’s no real protocol for ATRT.”

The family moved east, picking up stakes from San Jose, California, to pursue treatment, but after four months of chemotherapy, Kai relapsed just before his first birthday. The cancer reappeared in the same area of Kai’s brain, along with more, smaller lumps nearby and on his spine. The medical team told the family that there was no answer for recurrent ATRT and discontinued Kai’s care.

Again facing a desperate scramble to find an expert who would treat Kai, Melissa contacted doctors across the country, but got nowhere until a pediatric oncologist in Texas listened to her story and thought of a colleague. She told Melissa, simply, “Call Dr. Margol.”

A new way of attacking a tumor

One of the few physicians with expertise in ATRT, Children’s Hospital Los Angeles oncologist Ashley Margol, MD, Director of the hospital’s Brain Tumor Center, administers a treatment protocol called MEMMAT developed specifically to target recurrences of the most destructive pediatric cancers, including atypical teratoid rhabdoid tumor.

Melissa says she didn’t hold back. “We emailed her, we called her. She called us back and said, ‘Get on a flight. I’ll see him in a couple of days.’”

How fast was the response? The time elapsed between the date Dr. Margol received the email and the date the family was in her office was five days.

“We were completely overwhelmed,” Melissa says. “We had no idea this even existed, this possibility. We were thinking we were only going to have a certain amount of time with our kid. And then we were presented with a little bit of hope, which was—no, you can’t describe that.”

The acronym MEMMAT is a merger of recurrent medulloblastoma, ependymoma and ATRT. It’s what’s called an antiangiogenic therapy, which means it is designed to prevent new tumors from forming by cutting off their blood supply, as opposed to standard chemotherapy, which kills active cancer cells.

“I’ll give you an example,” Dr. Margol says. “If I have a plant and I start depriving it of water, that’s one way of killing it, right? Versus if I pulled the plant out of the dirt and chopped it into 10 pieces. We know that tumors, unless they have their own blood supply, can’t grow. Eventually they wither away and die. So it’s kind of a different way of attacking a tumor.

“Honestly,” she says, “there’s no standard of care for relapsed ATRT. There’s really no standard of care for upfront ATRT. It’s such a rare disease. There are only about 50 kids in the U.S. every year who are diagnosed with it.

‘Fifty percent doesn’t mean anything’

What separates MEMMAT from conventional chemotherapy is the delivery of medicine, which goes directly into the fluid surrounding the brain through a small catheter called an Ommaya reservoir. That’s a potential advantage over the standard intravenous injection of chemotherapy, which can run up against a protective screen called the blood-brain barrier and be kept from reaching cancer cells in the brain and spine.

The therapy knocked out the several new, smaller tumors Kai presented with at CHLA, while the recurrent large tumor was removed by neurosurgeon Mark Krieger, MD, Surgical Director of the Brain Tumor Center, who holds the Billy and Audrey L. Wilder Chair in Neurosurgery. Multiple rounds of radiation followed. Last October, with repeated MRIs showing no evidence of cancer and seeing no benefit to be gained from more chemotherapy, Dr. Margol advised ending the treatment to spare Kai any further side effects. The most recent scan in January was also clear.

“Dr. Margol and the MEMMAT protocol absolutely saved Kai,” Melissa says.

However, Dr. Margol has had frank talks with the family about the chances of surviving the disease. MEMMAT is not seen as a cure, she says. It can extend and improve life, but recurrent ATRT remains a nearly insurmountable cancer.

“I don’t go over statistics because children are not statistics,” Dr. Margol says. “Fifty percent doesn’t mean anything, right? Your kid is 100%. So I don’t have that conversation. There is never a scenario where I tell someone, ‘I’m sorry, there’s nothing I can do.’

“I do tell every family, ‘My goal is to cure your child, and I’m going to do everything I can to make that happen.’ My goal is always for the family to understand that we’re on the same team from the get-go. I don’t know how the journey’s going to end, but we’re all on this train together.”

An ellipsis that signals hope

Each clean MRI report offers some relief, but hardly enough time to exhale before the next one. As each scan draws closer Melissa gets a swell of “scanxiety,” as parents of pediatric cancer patients call their nervousness before an impending test and the wait for the outcome.

“About a week leading up to MRIs, we’re irritable, we’re scared, we’re worried, we’re all the things, but we still have to function,” Melissa says. She asks her husband to check the patient portal for the results. “I can’t open the app. He does it because I just sit and shake until we know we’re in the clear for another little while.”

That’s just one of the ways Chasen has held Melissa together. She says that Kai’s 6-year-old brother, Cruz, also provides support. “It’s a family fight,” she says. “I’m only a small part of the reason we’re still upright each day.”

Kai turns 3 in July. He gets physical and occupational therapy to address the weaknesses related to his disease and treatment, including walking and talking. A stroke he suffered after his initial brain surgery impaired the right side of his face, which makes eating a challenge.

“I don’t think of them as deficits at all,” Melissa says. “I think of Kai as thriving based on what he’s been through. He’s the sassiest 2-year-old you’ve ever met in your whole life. He’s been telling us every day that he wants to go to preschool. We’re like, ‘OK, well, let’s try to get you potty-trained and we’ll take that next step,’ because he seems to be ready.”

Dr. Margol told the family that if Kai gets to two years with no appearance of cancer, then she will be comfortable saying his prognosis has improved meaningfully. Yet seeing in her notes that he has passed the one-year mark draws a small inflection of optimism. “Oh yeah, look at that,” she says.

“I told the family, ‘It’s still a very small possibility that we can cure him, but we’re certainly going to try.’ To be honest, I didn’t think we would be in this space right now where he doesn’t have any tumor, but …” In the upturn of her voice as it trails off, in all the open-ended qualifiers, in certainly, but, and small possibility, is a slender allowance of hope.

“I don’t know that I think about whether there’s going to be a cure,” Melissa says. “I live in survival mode, truthfully. I want to be hopeful. I’m just really cautious about how optimistic I am. The reality is that ATRT is a beast and can come back at any time. So it’s scan to scan. I’ll take it all day long because I didn’t think I would get the opportunity to experience such a beautiful kid, and I’m getting that. I’m grateful for it.”

  —  Story and photos courtesy Children’s Hospital Los Angeles

How you can help:

Refer your friends, neighbors, associates or family members who are considering making a move:

www.ReferralsHelpKids.com or call Corey at 213-880-9910


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Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Broker, DRE#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.

Today’s Real Estate Market: A Fate Worse Than Death

REAL ESTATE NEWS (Los Angeles, CA) — In 2019, the Loft Blog declared real estate dead. The article titled “Real Estate is Dead” painted a gloomy picture of the real estate market during that time. The article reported that real estate, particularly in Los Angeles and other major U.S. markets, was critically impacted with far fewer transactions. Real estate agents were facing financial struggles, with the number of transactions in lofty neighborhoods like Downtown L.A. and Lincoln Heights decreasing by 75%.

High property prices deterred potential buyers, who preferred to wait for a potential market correction. Major real estate players, including OceanWide Holdings, faced financial troubles, with the latter opting to offload its properties, including the half-completed OceanWide Plaza.

The post predicted that the real estate industry was in for a significant downturn akin to that of 2007, with declining markets in places like San Francisco, San Jose, and Manhattan. Even though some markets were doing well, the overall trend was downward, as supported by data from the Greater San Diego Association of Realtors, showing a decrease in single-family home sales.

Despite this bleak scenario, the article stated that home ownership typically led to long-term returns, even if purchased at the market’s peak. It suggested that then might have been a good time to sell before a potential global recession hit the real estate market. The article also highlighted that this downturn was not permanent, and there were always bright spots in real estate, especially if California managed to address its high taxes and homelessness issues. Unfortunately, taxes and regulations have increased, and homelessness has not improved since 2019. Hopelessness is just beginning for millions of Americans (not for Jay-Z and Beyoncé — they just purchased a $200 million home).

Since the current real estate market for average Americans is worse than 2019 (apparently worse than death), how can we adequately characterize today’s grave situation? New Jersey is booming! Let’s compare to human conditions that are commonly considered worse than death:

  • Incontinence
  • Needing a breathing machine
  • Needing a feeding tube
  • Needing care all the time

The concept of incontinence in humans refers to a lack of voluntary control over urination or defecation. In the context of real estate, an equivalent concept might be a property that has uncontrollable or unexpected issues, costs, or challenges. Here are a few possibilities:

Physical deterioration: Just like a human body can lose control over certain functions, a property might face unexpected and uncontrollable physical deterioration. This could be due to natural disasters, poor construction, or simply the aging of the property.
Financial instability: Another form of “incontinence” in real estate could refer to the unpredictable and uncontrollable financial costs associated with a property. This could be due to sudden increases in property taxes, unexpected maintenance or renovation costs, or the financial impact of vacancy periods.

  • Legal challenges: The property could also face legal problems that are out of the owner’s control, such as zoning changes, easements, or issues with title. Agent commissions are up for discussion and debate
  • Market volatility: This is a situation where the real estate’s value fluctuates wildly and uncontrollably, due to changes in the economy, local development, or market trends.
  • Environmental hazards: This could include properties that are subject to flooding, landslides, or other environmental issues that can’t be controlled.

Remember, these aren’t perfect analogies to the concept of incontinence, but they do represent some ways that a property can have issues that are difficult or impossible for an owner to control.

In medical terms, a breathing machine or ventilator is a device that provides or assists with the essential function of breathing when the body can’t perform this function adequately on its own. If we were to translate this concept into a real estate context, it might involve some sort of intervention or assistance that is critical for the survival or functionality of a property. Here are some possibilities:

  1. Maintenance and Repair: If a property is in a state of significant disrepair or neglect, it may require substantial maintenance or renovation to become livable or functional again. This could range from foundational repair, roofing, plumbing, electrical work, etc.
  2. Financial Support: If a property is financially “underwater” (i.e., the owner owes more on the mortgage than the property is worth), the owner might need significant financial assistance or restructuring of debt to avoid foreclosure and keep the property. This could be equivalent to a “financial ventilator”.
  3. Legal Assistance: If a property is mired in legal issues – for example, disputes over the title, zoning problems, or violations of building codes – it might need expert legal intervention to resolve these problems and allow the property to be used or sold.
  4. Environmental Mitigation: For properties that are exposed to environmental hazards such as flooding, landslides, or pollution, significant mitigation measures might be required to protect the property and its occupants. This could involve things like installing retaining walls, upgrading drainage systems, or cleaning up hazardous materials.
  5. Government Intervention: In some cases, government programs or interventions can be essential to revitalize a struggling real estate market or neighborhood. This might involve tax incentives for development, affordable housing programs, or community development grants.

In all these cases, just like a ventilator provides a critical life-support function, these interventions provide essential support to properties or real estate markets that are in distress. In medical terms, a feeding tube provides necessary nutrients to a patient who is unable to eat or digest food normally. The patient is reliant on the feeding tube for survival and well-being.

In the realm of real estate, the equivalent could be a situation where a property or real estate market is unable to sustain itself and needs external support or resources to keep functioning or maintain its value. Here are a few examples:

  1. Financial Infusions: If a property owner is struggling to meet their financial obligations (mortgage, maintenance, taxes, etc.) and risks losing the property, they may need external financial assistance. This could come in the form of a loan, grant, or investment.
  2. Regulatory Assistance: In certain circumstances, regulatory changes or exceptions can help sustain a property or area. This could include rezoning for a more profitable use of the land or historical preservation grants to maintain an older property.
  3. Market Stimulus: In a struggling real estate market, broader economic stimulus measures may serve as a “feeding tube.” This could include lower interest rates to encourage borrowing, tax incentives to stimulate buying or construction, or programs to support affordable housing.
  4. Renovation and Repair: If a property is in poor condition, a significant investment in renovation and repair could restore its livability and market value, much like a feeding tube can restore health in a patient.
  5. Public Investment: In some cases, public investments in infrastructure, amenities, or services can help revitalize a neighborhood or community, enhancing property values.

In all these cases, the concept is that an external “lifeline” or support system is necessary to maintain the health and value of the property or real estate market, just as a feeding tube is necessary for a patient who cannot eat or digest food on their own.

In healthcare, needing care all the time often refers to conditions where a patient requires constant attention, supervision, and assistance with daily tasks, such as in cases of severe disability, chronic illness, or old age. Translating this to a real estate context, this could mean a property that needs constant maintenance or management, or where issues frequently arise that require attention. Here are a few potential equivalents:

  1. High-Maintenance Properties: Certain properties may require constant upkeep due to their size, age, or design. For example, a very large property, a historic home, or a property with extensive landscaping might need ongoing attention to maintain its value and function.
  2. Rental Properties: If a property is rented out, it may require constant management, including attending to tenant requests, ensuring rent is paid, addressing maintenance issues, and complying with rental laws and regulations.
  3. Properties with Frequent Issues: Some properties might have structural issues or be located in areas prone to environmental hazards, leading to regular maintenance or repair needs. For example, a property in a flood-prone area might require regular checks and preventative measures to avoid damage.
  4. Properties Undergoing Renovation: A property that’s being extensively renovated may need constant attention and management to coordinate contractors, handle unexpected issues, and ensure work is done to code and on schedule.
  5. Vacant Properties: Properties that are left vacant for long periods may also require constant care to prevent vandalism, maintain the property’s condition, and ensure it remains insured.

In each of these cases, just as a patient who needs care all the time requires regular attention and resources, these types of properties require ongoing investment of time, money, and effort to maintain and manage. On top of these, we must consider all of the pain and suffering caused by real estate malaise.

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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Broker CalDRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Text and images created or modified by artificial intelligence. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.