Cryptocurrency Pyramid Schemes and Ponzi Schemes

Compare honest, straightforward pyramid schemes (where everyone knows what is going on) to illegal, covert ponzi schemes, total fraud in which criminals use money from new investors to pay existing ones. Bitcoin itself is neither a pyramid nor a ponzi scheme because Bitcoin is a legitimate payment technology that does not make money from the owner finding suckers. Bitcoin gains from increase in value like stocks and gold do. Bitcoin simply outperforms all other investments based on 11 years of data.

I’ve personally mined Bitcoin and other cryptocurrencies, and paid mining hosting companies – both very profitably. On a good roll, it takes about a month to a year or more to turn $500 into $10,000 with Bitcoin. So, when a Facebook friend comes along and claims to do it in a day, that is a huge red flag. Based on my experience in helping to jail con artists, fraudsters and scammers, I would not give one dollar to someone who operates in this fashion. The methodology very much resembles a ponzi scheme.

I am considering joining another facebook friend, a closer friend who is also a real estate client. He is doing something that looks a bit more like a more legitimate pyramid type of scheme, which is under investigation by the SEC, but no charges have been filed. I might give that a try because it helps people to learn ethereum. Learning ethereum (the second most popular cryptocurrency) is a potentially simple, yet very smart undertaking. I’ll let you know how that goes.

Millions of Americans remain unemployed as a result of the virus hysteria, crippling finances for many households.

Americans lose more money on investment scams than any other type of income fraud, according to FTC analysis. Individuals report a median loss of more than $16,000, according to CNBC.

Avoid real estate scams and fraud. Get a free report on lawsuits and litigation involving Downtown Los Angeles loft and condos. 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, 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. Suspects are innocent until proven guilty in a court of law. This is not a solicitation if buyer or seller is already under contract with another broker.

REAL ESTATE NEWS

California suburban homes have been declining in value recently, even while some home prices continue to rise. What is that all about? Is the optimism over? Yes, pessimism is on the rise, according to CNBC.

The rate of change is exploding. To survive and thrive, we must prosper from change, seek out change like a heat-seeking missile. Change is happening twice as fast today. Now is the time of opportunities, while competitors are asleep at the wheel. Barbara Corcoran reminds us that, in a time of fake news and omnipresent scams, authenticity is key.

This is the Greater Depression of the 2020s. The middle class is being decimated, almost without a whimper. In this radical dog-eat-dog environment, it’s time to eat or be eaten. Loft Blog readers are among the most astute and savvy. They’re paying less for rent, less for home purchases, and they’ve got their noses to the grindstone on making themselves more valuable to their employers and to their customers. At the L.A. Loft Blog, we’re implementing new technologies required for growth: social media content, blockchain, Artificial Intelligence and quantum computers.

Find out how much your neighbor’s loft sold for. Get a free list of recently sold homes in the neighborhood. Fill out the online form:

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AVOID DEATH BY AVOIDING HYSTERIA.

Leading Causes of Death
Heart disease: 655,381.
Cancer: 599,274.
Accidents (unintentional injuries): 167,127.
Chronic lower respiratory diseases: 159,486.
Stroke (cerebrovascular diseases): 147,810.
Alzheimer’s disease: 122,019.
Diabetes: 84,946.
Influenza and pneumonia: 59,120.

When the top seven killers are ignored or neglected in favor of the crisis du jour, our health suffers. Panic and hysteria are propagated by news hype, political exploitation and historic levels of censorship and overreaction. Focus on preventing the top causes of death (most preventable), and enjoy a happier, healthier, longer life.  Statistics: CDC.

Change accelerates.

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.

Ask Corey

Q: What’s happening with stagflation and real estate prices? We’re entering a new era of inflation and stagnation, otherwise known as stagflation. The federal government has indicated that there will be no limit to money printing, quantitative easing and helicopter money. That spells higher prices, and eventually a devalued U.S. dollar. As the same time, we’re in the Greater Depression of 2020, which causes less demand and lower prices. Because GDP is being dramatically reduced by virus hysteria and lockdown, especially in major cities, many prices, urban home prices in particular, have downward pressure. The overall effect is slower growth with mostly higher prices for food and other staples, along with shortages and an economy that is out of wack. Most businesses shrink, or find it more difficult to expand. This is stagflation.  Urban home prices go down, while suburban home prices either drop or stagnate, staying about the same price for longer than usual.

Q: Is there a place to live in a warehouse for rent los angeles? Where can I find warehouse living space for rent? A: There are warehouse lofts on the L.A. Loft Blog. For cheaper raw warehouses, search on Craigslist for warehouse. Industrial places are often amenable to a variety uses, and to making changes that suit the needs of creative persons. 

Q: What are mills act condos? A: Mills Act properties are beautiful historic lofts and houses with character that pay home owners to live in and maintain these architectural works of antiquity.

Q: What happened with the 1050 flower murder? A: We are aware of previous murders a while back at Flower Street Lofts and at Watermarke Tower. Flower Street Lofts is at 1130 S Flower St and Watermarke Tower is at 705 W 9th St.

Q: Is oceanwide across from staples center south park la?  OceanWide Plaza new development multi-purpose residential, hotel and retail project under construction has experienced financial issues and very lengthy delays over the last few years.

Q: What were the events for new years eve dtla? A: New Year 2021 events were mostly online. We enjoyed the the Tan Mom train wreck, and the Snoop Dogg celebration. All free.

Q: Where are people moving to from the los angeles california exodus 2020? A: More people are moving out of Los Angeles and California to other states than moving in from other states. They’re moving to Texas, Arizona, Washington, Nevada, Oregon and other states.

Q: Are there tents in downtown los angeles? A: Yes, lots of homeless tents. More and more tents every day. And motorhomes, personal belongings and illegal dumping block more and more sidewalks and streets in L.A.

Q: What was kerry marsico cause of death? A: While there was not official release of the cause of death, top Los Angeles real estate agent Kerry Marsico likely died of a drug overdose, based on his open account of previous chemical abuse.

Get a free list of Mills Act historic homes for sale. Fill out the online form:

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Homeless encampments block sidewalks and streets. Violent assault and armed robberies are up in L.A.

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.

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.

Get a free list of available Downtown Los Angeles lofts apartments and condominiums. Find out pricing, availability and details. Fill out the online form:

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.

Spectacular dream lofts with two-story super high ceilings, bold character, high up and penthouse level lofts with balcony and fireplace. Extra large windows, spiral staircase, extra office space, oversized tubs, access to a furnished rooftop — some have swimming pools, free guest parking and quiet courtyard serenity, while others have prime bustling energy with city views. Walk to Whole Foods, Clifton’s, Ace Hotel, the metro and dozens of other fantastic restaurants and bars. Some of these Historic Core and Little Tokyo high-up loft units are recently remodeled with marble-tiled bathrooms with oversized oval bathtubs; extra closets, shelves and a hidden laundry areas, washer and dryer in unit. Glass railing, separated sleeping areas. Extra mezzanines, 24-hour security. Get more information on these unlisted Loft Blog exclusives, and photos available by special request. Use the form below.

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ASK COREY! READER QUESTIONS

Q: What is the status of the 527 s molina pool? A: I think you might mean 527 S Molino Street Barker Block Warehouse One loft condominiums. The swimming pool deck repair and remodel is nearly complete, but it’s not yet available for use, until the virus hysteria is over.

Q: What’s up with the tents in downtown los angeles? A: The homeless encampment situation is growing ever more serious as L.A. sidewalks and streets disappear, swallowed up by sprawling tents, personal belongings, drug dealers tents, unlicensed businesses, chop shops, garbage and illegal dumping. Not only do the radical anti-middle-class policies of city officials and LAPD violate city ordinances, state laws and federal laws, but they increase the homelessness, worsen the burden on taxpayers, block kids approaching schools, block women and children from entering parks, and increase illegal drug use, overdose and violent crime.

Get a free list of pocket listings, coming soon and pocket listings. 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, 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.

Did you know what millions of people worldwide get paid not only while they work, but also while they eat, sleep, play and relax? Some people make more money while they go to the bathroom than the average person makes from working all day long.

The Loft Blog recently presented our first premium article just for paid subscribers, called Monetize Your Home. As we stand today in the largest economic and social crisis in recent history, more than one third of Americans are suffering extreme strain on their finances. The Loft Blog is here to help, not only with finding an amazing home, but in ways to help pay for that better home and better life. When we talk about monetization of your life, we’re referring to ways to get money by charging for things that you already do. The wealthiest of people often work harder and longer hours than the average person, but the wealthiest tend to make much more money from their work — plus more money when they are not working — because they are focused on making that work pay off big. Take advantage of these methods to bring in more money from places where you might not have expected.

Get access to the full article with these valuable tips on smart ways to make money:

Make Money While You Sleep
Get Paid to Eat
Get Paid to Play
Get Paid to Chat
Get Paid to Travel
Get Money from Your Home
Get Paid to Talk on the Phone
And 17 other ways to get paid doing things that you do every day.

Become a premium subscriber to receive the complete premium article or fill out the online form:

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Get paid to chat

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. This does not constitute financial advice. Readers must perform their own due diligence and research. This is not an offer to buy or sell securities. 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.

LEVEL DOWNTOWN LOS ANGELES

Much-needed short-term highrise apartment rentals lift up DTLA in the form of a 33-story luxury tower recently constructed between Downtown’s South Park and Historic Core neighborhoods.   The building called LEVEL DTLA, provides furnished and unfurnished nightly, extended-stay or month-to-month rentals aimed at those who are new to Downtown and staying for 1 month to 12 months or more.  The $200 million tower brings 300 1-3 bedroom suites that start at 710 square feet and go up to 2,035 square feet.

Downtown Los Angeles has long been THE place to be.  Filling the need between extended stay hotel and short term apartments, the Level Furnished Living allows visitors and new residents to be immersed in the middle of Downtown LA for as long or short of a stay as they feel comfortable.  |  Blog Video

The furnished residential rental units feature floor-to-ceiling windows, several large flat-screen TVs, balconies, views, full kitchens, washer and dryer, as well as Sub-Zero and Bosch appliances. On the hotel’s 4th floor, is includes a double-sized fitness center, massage room, a court-spin studio, a rooftop pool with private cabanas, a hot tub, a bar and an outdoor barbecue area. The sprawling grounds also boast an Olympic-length pool, multiple patios. sundecks and a full-sized basketball court.

Residents are able to walk to some of the most exciting places in Los Angeles, including LA LIVE, Staples Center, Grammy Museum, theaters on Broadway, Restaurant Row, the Art Walk, the all-important Ralph’s market and new Whole Foods Market across the street.

LEVEL currently has reduced pricing for Loft Blog readers: two bedrooms at a rate of approx. $4000/month. They require a full background screening and pending the screening results they would require a half months deposit if approved.  The spectacular outdoor swimming pool and basketball court are currently available (with a specific capacity of people at one time being enforced), however, the indoor gym is currently closed.

Get more information on LEVEL DTLA. Fill out the online form:

Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449  Not associated with the homeowner’s association, seller 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.

REAL ESTATE NEWS

Property tax savings can be found in amazing lofts, condos and single family homes all over California, not just Los Angeles. Orange County home buyers enjoy property tax benefits that pay owners to live in and maintain these glorious architectural treasures of antiquity. Orange, Tustin, Anaheim and Laguna Beach are most likely to offer Mills Act homes as part of their historic homes preservation programs. Here are the Orange County Mills Act homes of exceptional character on the market today. |  PDF |  Blog Video

https://www.themls.com/Share/YWFhamJkaGFi

Los Angeles Mills Act properties currently listed for sale

Get a free list of Mills Act Homes in any California neighborhood. Fill out the online form:

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Mills Act homes with property tax benefit in Santa Ana, CA

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.

Blog Video

Large open space, high ceilings, lots of windows and natural light, walk-in closet, private hot tub spa. Sounds like a multi-million dollar luxury loft penthouse, but wait! We’re describing a homeless tent in the Skid Row neighborhood of Downtown Los Angeles.

Stephanie Williams says that the is living her best life on Skid Row. A fashion designer, she sews for the community. Not just sleeping in a tent, she controls a sprawling estate compound of several large upscales tent-like residences with deluxe features. Her real estate is free for her. Her tent mansion boasts a hardwood floor, a bamboo bed with upscale mattress and linens, appliances, full size Christmas tree set up, walk in closet, private toilet, electric generator and hot tub spa. She pays no rent to use the valuable, sprawling Central Los Angeles land that she enjoys. |  VIDEO

Keeping homeless on the street is not sustainable. Only a structure with a roof can be acceptable. It’s on the taxpayer’s dime, but neither taxpayers nor homeless can use the sidewalks because they are completely blocked by tents. Pedestrians must walk in the street, which obstructs traffic, creates extreme safety hazards, resulting in injury and death for countless homeless pedestrians.

A Penn State report says that substance abuse rate is 20% to 35%, but witnesses who live on the street say almost unanimously that nearly 100% of homeless suffer from substance abuse issues. It does not help homeless, and it does not help society when taxpayers provide billions of taxpayer dollars to support unhealthy, dangerous lifestyles of substance abuse on the street. Homeless who are currently on the street absolutely must be provided with the respect of an environment, care and law enforcement that reduces the incidence of substance abuse. Ultimately, rich, middle class and poor must follow the same laws. The sooner this happens in Los Angeles, the better off everyone will be.

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.

Blog Video

The Loft Blog recently provided the property market report for December. Here are the DTLA real estate numbers for the entire year of 2020 compared to the year before. Fewer people are moving. Homes are selling for less money. 2.4% fewer listings. Median price down 4.5%. Total homes sales volume down 17.4%. Statistics based on MLS data for Downtown and nearby areas 23, 42 and 1375.

2019
385 listings; $605,000 median price; $290 million total volume

2020
376 listings; $577,500 median price; $247 million total volume

The blight and crime in Downtown Los Angeles are much worse than most realize. It will take longer to unwind and repair than most can fathom. The opportunities are also much greater than many believe.

Get a free list of distressed properties in Downtown Los Angeles. Fill out the online form:

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