LOVE REMEDIES A MULTITUDE OF WRONGS 

Corey Chambers SoCal Home Newsletter February 2021 – Impactful Real Estate News

February brings in Valentine’s Day, where many of us scramble to make sure those close to us KNOW we love them! After all – Love is a many splendored thing. While love for our family and friends is the most important, I think it’s also important to express my love for helping people to find a home where their heart is.  #valentinesday #coreychambers #news

Valentine’s Day is the unofficial (yet very popular) holiday that reminds us to give cards, candy and gifts to those who are important to us. It stems from thousands of years of fond history around the courtly love tradition associated with Saint Valentine of Rome.  #chla #realestate

My favorite love description is: Love is patient, Love is kind. It does not envy, it does not boast, it is not proud. It is not rude, it is not self-seeking, it is not easily angered, it keeps no record of wrongs. Love does not delight in evil, but rejoices with the truth. It always protects, always trusts, always hopes and always perseveres.  |  BLOG VIDEO

I could go on with all kinds of examples like – Love Your Neighbor as Yourself, even go all business on you with accolades about how much we love doing business with you, or how much we love your referrals and more – but, the point is we do love helping people sell and buy real estate. And those people say we are good at it!

Also included with this month’s newsletter is a story about a very special child.

Please know that my team and I are eager to help anyone you know wanting to make a move, so much so, that we are willing to make an offer that they will LOVE – AND – the Kids at Children’s Hospital Los Angeles will love too.

For the month of February, for anyone considering making a move that you refer to me, we will guarantee them in writing their home will sell or we’ll buy it at a price acceptable to them. We just need to agree on the price and possession date with the seller.

Just like we are thankful for you and your business, I am confident your referrals will be thanking you for pointing them in the right direction to getting their home sold fast! 

And remember: YOUR REFERRALS really do help Children’s Hospital of Los Angeles… 

We are still on a mission to raise $25,000 for Children’s Hospital Los Angeles. We do this by donating to them a portion of our income from homes we sell. As you may know, Children’s Hospital of LA does miraculous work in helping kids fight through and survive some of the worst life threatening diseases like cancer, Non-Hodgkin’s lymphoma, leukemia and more.

BUT they rely on sponsorships and donations to continue providing a uniquely supportive and healing environment. Donations also benefit families by helping to keep overall expenses as low as possible.

So, YOUR REFERRALS REALLY DO HELP THESE KIDS! 

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Your Referrals Help the Kids!

We are on a mission to raise $25,000 for Children’s Hospital Los Angeles (we have already raised over $2,500). Kids under the care of Children’s Hospital are more likely to survive serious diseases and cancer. BUT, Children’s survives because of our sponsorships and donations. So, the Corey Chamber’s Team makes it a point to donate a portion of our income from selling homes to help support the great work that they do. Your referrals REALLY DO help the kids!

Corey Chambers

With that in mind — who do you know that’s considering buying or selling a home? When you refer them to my real estate sales team, not only will they benefit from our award-winning service, but we donate a substantial portion of our income on every home sale to Children’s Hospital Los Angeles. It’s easy to refer your friends, neighbors, associates or family members considering making a move. Go to www.ReferralsHelpKids.com and enter their contact info online or forward the link to those whom you know are considering a move OR you can always call me direct at 213-880-9910.

I want to make it easy for you to refer your friends, neighbors, business associates, or family members considering making a move, so here are some convenient options for you:

1. You can go online to www.ReferralsHelpKids.com and enter their contact info and we’ll take care of contacting them

2. Just pass along the internet address, www.ReferralsHelpKids.com, to anyone you know who might be considering a move

3. Contact us directly at 213-880-9910

I want you to know that you and your referrals mean more than ever to my team and me. As we continue to move forward in 2021, please know we are extremely thankful for you being a special part of our business.

With all my appreciation,

Los Angels real estate today revolves around escape.

PALM SPRINGS HOMES FOR SALE |  CATHEDRAL CITY |  UNLISTED HOMES

There are no lofts in Palm Springs. It’s the land of single family homes, hotels and resorts that offer a popular refuge from the big city and cookie-cutter suburbs of Los Angeles. A few tiny homes speckle the desert, but they tend to heat up too fast in the extreme climate.

The first thing to be aware of when considering the purchase of a home in the Palm Springs area is the wind. There’s a reason why the area is home to many large windmills. It’s a wind tunnel. Fall, winter and spring bring very substantial windy conditions and wind storms that can blow like a sand blaster. When the wind blows from the southeast, a few times a year, Palm Springs gets a big whiff of the Salton Sea, with essence of sea salt and dead fish. Chances are that you already know that the area is a desert with summer temperatures sometimes rising above the 120 degrees Fahrenheit. That’s hot enough to burn your hand when you touch a door knob or car seat, and hot enough to hemorrhage cheap car tires.

Palm Springs contains a variety of neighborhoods. The nature of these neighborhoods can change block to block, house to house. |  Blog Video

Most homes in the area were built in waves, eras of time during the 1900s. This can be observed as bad plumbing problems in many of the houses built in the 1920s. When looking at homes of his period, always ask about electrical and plumbing issues. For 1970s construction, home buyers often find that they need to replace all of the windows.

This region is subject to flash floods. Some properties require a french drain to prevent briskly moving storm flows or accumulated ground water from intruding into the house. 

Another unique facet of Palm Springs real estate is Native American ownership of much of the land — Indian land, which contains homes for sale on leased land, checkered throughout the area. Prospective home buyers must check to see if the land is leased land, or fee simple land, which means that the owner actually gets to own the land. 

For those who would like to buy a house to rent out for retirement income, be aware that many landlords who attempt to make money from PS properties find that they do not make enough money. It’s not a cash cow for most. It takes knowledge and experience to make a profit from Palm Springs income properties and short term rental properties.

Some say that now is not a good time to buy a rental income property because short term tenants trash the house. They come in to party, and leave. Prospective home buyers looking at properties and neighborhoods to find that it is quiet on weekdays, but then the noisy parties erupt on weekends. Property damage and neighbor complaints are some reasons why renting out a house is not always extremely profitable.

Families in the area may find that resources are limited for parents with kids. Many of Palm Springs residents are mature singles and retirees with no kids. 

Courtesy Savage Gallery

For many homes that are flipped and staged, the new landscaping plants are mostly dead by August. Palm Springs is known for artists, who also come and go. They arrive here and don’t always do well. A few artists do quite well, such as the Savage Gallery. This most successful diversified artist and gallery has been selling artworks and furnishings to repeat clients, cranking out diligently with a uniquely aggressive energy and distinctive style. Savage stands out as the zestful, spirited sprite in a crowd of mostly retiring artists who are largely to be found loafing amid slackened motivation.

While many tourists and visitors enjoy shopping, swimming, hiking and biking, the long-term folks have other ideas. For many Palm Springs residents, sitting, relaxing and enjoying cocktails is the name of the game. Now, more than ever before, people go to Palm Springs to get away from it all.

Artist Brother Andy, who has flipped several homes in the area, warns about the extreme wind tunnel effect of the topography. High winds cannot be seen in photos, and the blowing comes out of nowhere, weeks or months after home buyers close escrow. Other nearby neighborhoods include Cathedral City, Rancho Mirage, Thousand Palms, Palm Desert, Indio, LaQuinta and Coachella.

Get a free list of Palm Springs homes that are not on the internet, pocket listings and coming soon properties in your favorite neighborhoods. Fill out the online form:

PALM SPRINGS HOMES FOR SALE |  CATHEDRAL CITY |  UNLISTED HOMES

Contributing author Artist Brother Andy

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.

Eastern Columbia Building among the most attractive to renters in Downtown Los Angeles

— Search lease listings by price, including affordable lofts, popular lofts and luxury Lofts. Fall in love: |  Blog Video

Warehouse loft conversion condos for sale and loft apartments with amazing industrial character can be found around Downtown LA and in other neighborhoods in the Greater Los Angeles area. Cool, hip style can be practical and rewarding:

Two-story condos, two-level Lofts with mezzanines in downtown Los Angeles homes for sale and for lease: Cherished for their openness, spaciousness and the separation of bed area, lofts with bedrooms and bedroom doors, as well as two-story lofts are highly sought after in Downtown Los Angeles. It’s no wonder that one of the most popular topics on the L.A. Loft blog is two story lofts:

Find the most amazing spaces that are not on the internet. Get a free list of lofts for lease in Los Angeles. Fill out the online form:

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New and improved amenities come to the Arts District of Downtown Los Angeles for 2021

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.

High up views with down-to-earth price

Historic, industrial and warehouse style live-work lofts provide open space for maximum creativity, productivity and ultimate urban living. Get a free list of live/work lofts for sale or for lease. Fill out the online form:

Just listed with views

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.

 Blog Video

While major metropolitan centers are today suffering from a series of challenging afflictions and economic downturn, urban downtown neighborhoods are a time-tested, tried-and-true success throughout the ages. Recent virus panic and hysteria have proven that the populous can occasionally feel compelled to scatter to avoid a perceived threat, but the crowd eventually comes right back because human nature is that of a pack animal. Friendly big-city crowds provide a highly effective antidote to deadly psychological disorders of loneliness, isolation and cabin fever.

Perhaps the worst down side of living in the area is the recent increase in crime. Just like in the 1970s, only the toughest are cut out to feel comfortable amid chaotic city commotion and gritty condition of L.A.’s many downtrodden streets. Those who move into inner city neighborhoods during tough times often get the most out of it because challenges bring opportunities. Attitude is everything.

In addition to an abundance of new companionship and free company available instantly by simply walking outside, Downtown and other urban neighborhoods have more stunning condos with substantial property tax benefits thanks to California’s Mills Act. Discover how to improve your finances by living in an extraordinary space that inspires you to create the ultimate miracle for your own life.

Hurry! The temporary challenges facing big cities suddenly provide a bargain opportunity for profit because buyers have recently saved up to $70,000 off of asking prices. We know of limited secret inventory. Our research has uncovered only a few unlisted lofts that may be coming soon, that are not listed for sale on the internet. Become an insider. Ask for an invitation.

Tell us what you’d Iike to discover. Fill out the online form:

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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.

For 2021, the real estate market is expected to be more volatile, varied and less predictable than normal. The national housing market is now overheated as compared to five years ago. Greater Los Angeles Area single family home prices are expected to plateau, while urban condominium prices shall continue to fall. Los Angeles, New York and other big city urban center property prices have already been falling for several years.

Price inflation normally has an upward price pressure on most things, including residential properties. Inflation is correlated to a reduced value of the U.S. Dollar. The federal government and Federal Reserve have indicated that they plan to increase spending, increase the national debt, increase the money supply, increase quantitative easing and increase radical new measures to stimulate the economy and liquidity. Most of these measures reduce the value of the U.S. Dollar in the future, resulting in inflationary pressures that building up over time, which can result in sudden, unexpected runaway inflation, immediately followed by rising interest rates. |  Blog Video

While the Federal Reserve chairman downplays real estate froth, Chairman Powell agrees that rapidly rising home prices are unsustainable. Many housing markets have doubled or tripled in price since 2011.

More and more economists and billionaire investors have been raising concerns about runaway national debt approaching $28 trillion, tidal wave of corporate debt and crushing personal debt. Unusually large, rapidly growing debts can indicate looming financial disaster in the form of a debt bomb explosion, which could potentially wipe out even the safest of retirement funds. High debt increases inflationary pressure for the future.

The primary counterforce keeping prices down is a declining GDP and surge in unemployment — The Greater Depression of 2020s. Stock market volatility tends to have a neutral impact on the dollar value and housing market provided that the long-term end result is near normal.

As 2021 is largely a repeat of 2020 in many ways, we can see most home prices continue to accelerate only if the federal government and Federal Reserve loosen purse strings even more than they did in 2020. These extreme measures are unsustainable, as 2020 already created price shocks in real estate and in many products while the average income went down, resulting in reduced productivity and declining net worth for the average American. Inflation is linked to inefficiencies and detrimental effects such as currency crises, shortages and decreased overall standard of living. The only way to keep pumping up the housing market is by pumping up inflation and costs of living in general.

The most practical ways to protect one’s finances, and to benefit from inflation, is by owning assets such as gold, bitcoin, stocks and real estate. Renters and paycheck-to-paycheck consumers tend to suffer the most when severe inflation takes hold.

Find out how much your home is worth. Get a free list of recently sold homes, along with a list of currently active homes for sale. Fill out the online form:

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Today’s debt bomb is 75% larger and more explosive than when this scintillating video appeared.

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.

Los Angeles, CA

In keeping with the powerful combination of truth and light, the Loft Blog addresses two conflicting aspirations for a satisfying lifestyle.  The first is the desire to improve our lives by living in an amazing, efficient property amid the best shopping, dining, entertainment and transportation. Secondly, we want to live in place we can trust, where we feel safe, creatively fulfilled and economically stable. With more awareness of the pros and cons of urban living, we can take full advantage of modern metropolitan opportunities, and reduce our exposure to the dangers and down sides of big city chaos.

The Glen Donald Building, at 2121 James M Wood Blvd in the Westlake neighborhood of Los Angeles, is an historic condominium building with mostly small studio to medium-sized one-bedroom units, around 300 square feet to 700 square feet or so, occasionally For Sale or For Lease.  See more Glen Donald information and listings.

Californians Leaving the State and Moving to Texas

The State of California today attracts poverty, while chasing away wealth at breakneck speed.  The state once attracted millions of residents from other states across the country, but now, the once-golden state is losing residents faster to other states.  Making matters worse, the single-party echo chambers of politicians accelerate implementation of radical policies that are most closely attuned to failed socialist states, not prosperous ones.  The growing exodus, brain drain and evaporation of wealth coincides with the fastest growing sprawl of homeless tent encampments and garbage piles in recent history.  Virus hysteria and authoritarian government-mandated lockdown have quickened the pace of California’s decline.  As if things could not get worse, the city has seen the most dramatic explosion of violent crime since the economic stagnation of 1970s.  The sour icing on the California collapse cake is composed of increasing tax burdens at precisely the wrong time, further disincentive for the wealthy and middle class to remain. International wealth guru Andrew Henderson of Nomad Capitalist advises rich folks to not even consider visiting California any more because of the growing risk of massive unexpected tax events.  The result for California is continued expansion of the struggling, poor and homeless, but with fewer wealthy and middle class willing to stick around to pay for the increasing burdens. 

Find out how much the home down the street sold for. Get a free list of homes recently sold, along with a list of properties actively listed or sale.

Fill out my online form.

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Drive-by shootings explode. The rich burn rubber to leave Los Angeles spinning its wheels.

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.

REAL ESTATE NEWS

Los Angeles, CA —  In keeping with the powerful combination of truth and light, the Loft Blog addresses two conflicting aspirations for a satisfying lifestyle.  The first is the desire to improve our lives by living in an amazing, efficient property amid the best shopping, dining, entertainment and transportation. Secondly, we want to live in place we can trust, where we feel safe, creatively fulfilled and economically stable. With more awareness of the pros and cons of urban living, we can take full advantage of modern metropolitan opportunities, and reduce our exposure to the dangers and down sides of big city chaos.

The Glen Donald Building, at 2121 James M Wood Blvd in the Westlake neighborhood of Los Angeles, is an historic condominium building with mostly small studio to medium-sized one-bedroom units, around 300 square feet to 700 square feet or so, occasionally For Sale or For Lease.  See more Glen Donald information and listings.

Californians Leaving the State and Moving to Texas

The State of California today attracts poverty, while chasing away wealth at breakneck speed.  The state once attracted millions of residents from other states across the country, but now, the once-golden state is losing residents faster to other states.  Making matters worse, the single-party echo chambers of politicians accelerate implementation of radical policies that are most closely attuned to failed socialist states, not prosperous ones.  The growing exodus, brain drain and evaporation of wealth coincides with the fastest growing sprawl of homeless tent encampments and garbage piles in recent history.  Virus hysteria and authoritarian government-mandated lockdown have quickened the pace of California’s decline.  As if things could not get worse, the city has seen the most dramatic explosion of violent crime since the economic stagnation of 1970s.  The sour icing on the California collapse cake is composed of increasing tax burdens at precisely the wrong time, further disincentive for the wealthy and middle class to remain. International wealth guru Andrew Henderson of Nomad Capitalist advises rich folks to not even consider visiting California any more because of the growing risk of massive unexpected tax events.  The result for California is continued expansion of the struggling, poor and homeless, but with fewer wealthy and middle class willing to stick around to pay for the increasing burdens. 

Find out how much the home down the street sold for. Get a free list of homes recently sold, along with a list of properties actively listed or sale.

Fill out my online form.

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Drive-by shootings explode. The rich burn rubber to leave Los Angeles spinning its wheels.

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.

Mills Act historic lofts in Los Angeles

Top 10 Topics and Urban Real Estate News

Mills Act Downtown Los Angeles 4,266 Views

Crime in Los Angeles: Meet Your New Government 1,351 Views

Where can you live near Los Angeles for 1700 bucks? 240 Views

LOFTS FOR LEASE 178 Views

Warehouse Lofts For Rent 100 Views

Live Work Space Los Angeles 78 Views

Coming Inflation, Stagflation and the Housing Market 74 Views

Get a free list of off-market, pocket listings and unlisted lofts. Fill out the online form:

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The best deals on amazing lofts go quickly, often before they are listed.

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.

Angelenos pre-occupied with virus hysteria. Real enemies take control.

Urban real estate prices continue to fall, as prospective home buyers dry up. While Angelenos are entirely distracted by an “invisible enemy,” the violent gangs have taken advantage, and have taken control. The city must capitulate to its failures, then make some difficult changes. Not just the property market, but our livelihoods and our lives depend on it.

Panic leads to very bad decisions. Hysteria leads to the very worst of results. It seems as though the only safety concern today involves a bad flu-like virus that is not even in the top 7 causes of death according to the CDC. This kind of mass hysteria leads to unexpected, undesirable outcomes. Extended mass hysteria leads to unlimited mass atrocities. For one local example, taxpayers have allowed the city to cripple hundreds of thousands of jobs, to stop enforcing most laws involving the homeless, attracting more crime, with less protection for middle-class taxpayers. As a result, L.A. homeless and middle class taxpayers both now suffer from a massive explosion of horrific crime, including violent assault and murder. Now that hundreds of thousands of retail, restaurant, travel, tourism, and entertainment industry jobs for the young adults of Los Angeles are impacted or wiped out, violent gang activities are the only choice for many. 

Unprotected homeless and the middle class are being abused and killed by gang members at an atrocious pace. The first two weeks of 2021 rang in more violent crime than the entire year of 2020. The people who we thought were our city officials now beg and plead with the real bosses — the teens and twenty-somethings who control the city streets with nearly unfettered, merciless power. LA gang members may once may have been our waiters — now they’re our armed robbers and our drive-by shooters.  They used to wear a vest with bowtie, when they worked at the hotel restaurant.  Now they wear a white t -shirt, baggy pants and face tattoos. Violent gangs are the natural choice for young adults who are prevented from working by elected officials. The size, strength and economy of local gangs have grown by leaps and bounds. With names like Canoga Park Alabama, The Magician Club, Crazy Riders, 38th Street, Mara Salvatrucha and Paca Trece, these gangs now control the streets while Angelenos feel imprisoned at home. Get to know our new leaders online before meeting them in person.

Find out how much the home down the street sold for. Get a free list of recently sold homes, along with a list of currently active homes for sale. Fill out the online form:

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The new government of Los Angeles, elected through neglect of law enforcement.

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.

 

Essential items see sustained significant price increases on Amazon in 2021, with some products jumping up many times their original price. Analysis by the US Public Interest Research Group studied 750 essential items sold on Amazon’s marketplace, comparing their pre-panic prices to what customers paid for them at the end of 2020.

Of 750 items, the prices of 409 increased by more than 20%, while 136 had more than doubled. Patio heaters, suddenly a must-have during winter lockdowns, saw the most significant percentage increase. One model skyrocketed from $150 to $699 — a 366% jump. |  Blog Video

Home Prices Plateau

Despite massive federal spending, money printing and quantitative easing, some experts expect home prices to see a smaller rise this year than in 2020.

Southern California home prices and sales rose in December from a year earlier, continuing a so-called “pandemic housing boom” driven by rock-bottom mortgage rates and people needing more space to cope with lockdown.

The 6-county region’s median sales price jumped 10.1% from December 2019 to $600,000 last month, according to data released Friday from real estate firm DQNews. Sales rose 29% from a year earlier.

Real estate agents and other housing experts say the pandemic had supercharged the market. People with higher incomes who are most likely to buy a home in the first place have been relatively unscathed by the economic downturn. And some are looking for more space as some workplaces remain closed. Mortgage interest rates dropped to record lows, in part because of a Federal Reserve policy designed to stimulate the economy. Government -controlled mortgage company Freddie Mac reported the average rate for a 30-year fixed mortgage was 2.77% this week, down from 3.6% a year earlier. The drop has lured more buyers into a market in which they’ve found few homes for sale, prompting bidding wars on the most attractive homes.

Like gold, stocks and bitcoin, real estate provides a hedge against inflation. In Los Angeles County, the median price rose 11.4% from a year earlier to $700,000, while sales climbed 26%. 

The upswing in the for-sale market is in stark contrast to the rental market, where struggling tenants have disproportionately been hit by job losses. The contrast shows how the coronavirus panic has exacerbated economic disparities in California, and in the U.S. at large.

Many low-income renters are behind on rent and worry they’ll eventually face eviction during a pandemic that has killed more than 400,000 Americans. The average rent in Los Angeles has also fallen as vacancies rise, in part because some higher-income renters are choosing to buy for the first time.

Stagflation, the collapsing economy with higher prices, best explains the crazy combination of up, down and stagnant prices. While it is true that some suburban neighorbhood prices went up in 2020 because families and office workers were locked down, forced to stay home more, the prices increases reflect a temporary need for more suburban style safety and more square footage due to temporary overuse of residences, not because of a long-term increase in value. Based on true accounts from actual real estate professionals in Los Angles, reports of a “pandemic real estate boom” are as overblown as other pro-pandemic propaganda that we are being forced fed by politicians and biased media. Most home values are stagnating or falling nationwide. Most urban home prices have been tumbling for several years. Commercial real estate has fallen off a cliff, as investors like Ben Mallah sell loser hotels in favor of safer properties anchored by major national brands.

Shorting oil is the money-making play as a new presidential administration confirms plans to reduce oil demand considerably by extending lockdowns and increasing regulations.

Get a free list of the best real estate investments in Los Angeles. Fill out the online form:

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.