L.A. Loft Blog Reader Questions: Brick Lofts, Crime and Inflation

LOS ANGELES REAL ESTATE NEWS | READER QUESTIONS | Blog Video

Q: Where can I find loft apartment brick? A: Brick is a popular element of the loft style. There is a loft apartment building in the Arts District of Downtown Los Angeles called Brick Lofts. There are also other nearby buildings with lofts and condos for lease and for sale with exposed brick.

Q: Is real estate affected by los angeles crime? A: Rising crime is one of the issues linked to falling Downtown Los Angeles real estate prices. While long-term market cycles are likely the primary factor, other influences on DTLA property values include virus hysteria, riots and personal crime, along with homeless encampment debris, garbage — and a general increase in lawlessness and other dangers.

Q: How does inflation affect the real estate market? A: Inflation introduces upward pressure on building materials and real estate prices. The inflation can be difficult to spot while large sections of the economy are still crashing, including commercial real estate, travel, tourism, restaurant, entertainment venues, retail and many other sectors. Because many rich are getting richer while the majority of inner city poor and working class are getting poorer, most small and medium size apartments, lofts and condos are falling in price while some large luxury properties are doing just fine. As some home building materials have tripled in price, Warren Buffet recently joined many other billionaires and economists in sounding the alarm on runaway inflation.

Regarding of inflation and the economy, suburban real estate prices and stock market values are now highly, artificially inflated. According to billionaire Leon Cooperman, “This is not going to end well.” Either runaway inflation (devaluation of the dollar, and high consumer prices) or a looming stock market crash (perhaps both!): one or the other is inevitable sooner rather than later. The boomers and bears are going to make a killing, and the experienced investors will end up owning a huge chunk of the market, leaving most Robin Hood millennials reeling — picture Alex Kearns times a million. Here’s a story of one super overvalued New Jersey deli that is emblematic of the fake, pumped up stock market.

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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 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. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

Brick Lofts

Brick Lofts in the Arts District — Awesome character with high ceilings, massive wood beams

BRICK LOFTS FOR LEASE | ARTS DISTRICT | TOUR

652 Mateo St, Los Angeles, CA 90021 Corey Chambers (213) 880-9910

Congratulations to Kyle, who just moved into his brick loft apartment in the Arts District of Downtown Los Angeles. Built in 1922, this three story rental building was converted from industrial use to 21 residential units in 1965, and updated again in 2009. The units feature high ceilings and modern updated kitchens and bathrooms. #bricklofts Blog Video

VIDEO

Once home to starving artists, the historic neighborhood along the LA River now boasts some of the coolest dining and entertainment establishments, art galleries and upscale, contemporary apartment buildings. Check out corner unit 202, with lots of windows and natural light.

More resources on Brick Lofts:

VIDEO Brick Lofts Warehouse Apartments Tour 202

VIDEO Brick Lofts Video Update June 11, 2020

VIDEO Brick Lofts Tour 106

VIDEO No Application Fees


User Questions:

Q: How much are textile building dues? A: Textile Building HOA Homeowners Association Dues vary based on unit size and other factors. Here are recently reported HOA dues for some units in the building, with square feet and HOA dues: 1,370 sq ft is $625/mo; 640 sq ft is $506/mo. More info on TEXTILE BUILDING LOFTS Downtown Los Angeles 315 E 8th St Los Angeles 90014 is at www.TextileLoftLA.com.

Get a free list of Arts District loft apartments for lease. Fill out the online form:

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Arts District neighborhood of creativity, fun and ingenuity

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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.