Downtown Los Angeles Real Estate Market Report November 2021

REAL ESTATE NEWS | Home Prices Take Giant Leap in DTLA

While global real estate prices begin to level off, the Downtown Los Angeles property market launches skyward at great velocity. With more than $100,000 gain over the same month last year, DTLA shows the world how a sudden recovery can really get up and go! For the local and global economy, stagflation is the name of the game. With government printing presses on overdrive, and a beginning demise of the U.S. Dollar, Downtown L.A. only needs to commit to a modicum of improvement in order to see unprecedented gains in home prices. Lofts and other condos are selling much faster: 15 days faster on average, and most homes selling 58 days faster than last November!

Nov 2020:
29 Listings; 71/71 Avg/Med Days on Market; $620,000/$653,981 Med/Ave Sold Price

Nov 2021:
31 Listings; 56/18 Avg/Med Days on Market; $725,000/$775,677 Med/Ave Sold Price

Based real estate professional Multiple Listing Service for Downtown and nearby loft neighborhoods MLS areas 23, 42 and 1375.

Find out what the home down the street sold for

This rapid improvement in Downtown marks an enormous change in what was mostly a falling market for the last several years. November’s price increases also reinforce and confirm the price increases that we reported for October. The pricier, higher-quality homes are doing the best, as the rich get richer, giving first-time home buyers a little time to scrape up the pennies and take advantage of Downtown LA real estate prices while they are still historically low.

HOW MUCH IS YOUR LOFT WORTH? Find out free online.

Get a free list of recently sold properties, along with a list of currently listed homes. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, DRE 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 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.

Runaway Inflation Warning

Gasoline rationing, mile-long lines and sky high prices. Inflation rears its ugly head nationwide.

Inflation signs grow more disturbing in an economy that should be showing deflation and decreasing prices. Regardless of what the mainstream news and politicians say, the issue of inflation is a not short-term issue, not transitory. Based on the explosion of cryptocurrency, and the words of the Federal Reserve, there’s no limit to money printing and radical economic policy, and no limit to how worthless the U.S. Dollar may become. The dollar is certainly a dead duck. Runaway inflation is inevitable. The drunken-sailor federal government, along with loony Federal Reserve monetary policy is proving a growing disaster for poor, seniors and the huge number of unemployed. Hyperinflation is already here. Here’s how we know.

We’re in the middle of the Greater Depression of the 2020s, but not everyone can tell because the country is awash in conjured up cash. Extreme stock market volatility, massive unemployment, widespread destruction of small businesses and the middle class, large swathes of industries on artificial life support, very low productivity, shockingly low GDP prove that most prices should be falling. But they’re not — and here’s why:

Those who fail to learn from history are condemned to repeat it. Third world countries are not the only victims of massive inflation crises. Some of the most powerful, most educated, economically literate countries in the world have experienced shocking inflation throughout history. The high intellectual Weimar Republic was one of them. Like today’s U.S. Federal Reserve, the Weimar Republic’s federal reserve believed that printing massive quantities of money was the best of difficult alternatives. They printed money until it became so worthless that a wheelbarrow of money was required to buy a loaf of bread. Their money became so worthless that it ended up with a most efficient use of making kids toys, kites, arts and crafts, wallpaper and fire kindling. Today’s governments can be even more reckless because they are not limited to expensive paper, the government can print hundreds of trillions of dollars electronically and through non-physical financial instruments.

With today’s exploding violent crime in Downtown L.A. and outrageous gas lines on the east coast, gasoline prices are also shooting up in Los Angeles and across the USA: We’re sadly headed back to Jimmy Carter’s 1978 lunacy (believe me, doing gas shortages and mile long lines every day was not fun, and not practical. Regrowing filthy, dangerous urban areas are also not sustainable.) Don’t let it happen again!

Sell in May and go away? The stock market is showing signs of unease. The biggest gains shall be made by those who own lots of bitcoins, and who short sell low-quality stocks. What are the wealthy buying in order to protect and take advantage of inflation? Along with gold, stocks (not low-quality or overpriced stocks) and bitcoin, real estate is one of the best tactics to ward off the ill effects, and to benefit from inflation.

Get a free list of income nationwide properties under $150,000. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

  Lofts For Sale     Map Homes For Sale Los Angeles

SEARCH LOFTS FOR SALE Affordable | PopularLuxury
Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking
History repeats. U.S. Government promises unlimited money printing, ultimately worthless dollar.

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.