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Downtown Los Angeles – The place where it all happens. The new center of the universe!

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Downtown Los Angeles Real Estate vs Bitcoin

Bitcoin takes lead in investment results.

REAL ESTATE NEWS

As the darkness of an economic winter envelopes urban real estate, the number of Bitcoin millionaires has more than doubled in the last two months alone. More than 50,000 tech nerds and investors now own $1 million or more each of the first (and still most popular) blockchain cryptocurrency. The Loft Blog recently reported that 2020 continued a two-year trend of falling home values in DTLA.

Lofts and crypto are both really cool things. They’re both considered unorthodox investments, seemingly risky to many, yet correspondingly more rewarding than their stodgy counterparts: the traditional single family home and the ancient precious metal gold. As investments, real estate does not compare to Bitcoin, which has beat the property market by more than 100 to 1 in return on investment over the last 10 years. While Bitcoin is the reigning king of profit, you can’t live in a bitcoin. That being true, a $25,000 investment in Bitcoin seven years ago allows that investor to own ten downtown lofts today. Real estate professionals forecast that Downtown real estate may take around five years or more to unwind, and then to make a significant recovery. By that time, a single Bitcoin is likely to be approaching the value of a condominium unit.

Fortune favors the bold, the hard-working and the determined. Real estate success, especially in a down market, is predicated upon economic success. The Loft Blog extends once again its strong suggestion that readers learn, experiment and take advantage of new investment technologies.

Bitcoin Consultation

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Urban middle class confounded by massive shifts in economics

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 01889449, MPR Funding Inc NMLS 2000513. We are not associated with the seller, 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.

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Downtown Los Angeles Connection to Nashville Bombing

REAL ESTATE NEWS — DTLA has a personal relationship connection to the man who blew himself up in his motorhome. An L.A. entertainment executive is tied to the suspected Nashville Bomber. | Blog Video

Michelle Swing, a downtown L.A. resident and artist development director at AEG Presents, was reportedly given two houses by Anthony Quinn Warner, who has been identified as the perpetrator and victim of the Christmas morning bombing in Nashville, which devastated a city block. In that bombing incident, a motorhome was parked on the street and was making audio announcements of warnings to the public to evacuate the area. It also reportedly played a recording of Petula Clark’s 1965 pop hit, “Downtown.”

In January 2019, Warner reportedly gave Swing a $160,000 Nashville house via a quitclaim. The Antioch neighborhood is located 12 miles from downtown. Later, on November 25, Warner gave Swing another Antioch house worth $249,999.

It has not yet been revealed what the connection was between the 63-year-old Warner and Swing, who reportedly resides at the Gas Company Lofts in the Financial District, and has worked for AEG headquartered at LA LIVE in Downtown Los Angeles.

Swing has not yet responded to Loft Blog requests for comment. So far, we have found no other information linking Anthony Quinn Warner to Downtown Los Angeles. | MORE

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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, MPR Funding Inc NMLS 2000513. We are not associated with the seller, 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.