coreychambers

The Arts District of Downtown Los Angeles: Industrious, Recreational Loft Living https://www.laloftblog.com/2020/05/22/work-play-live-lofts-la/

Urban SoCal dwellers are always coming up with new ways to get the most out of careers and life. Living and working in the same large space brings productivity, fun and success. Live/work lofts aren’t just for toil and accomplishment. Open spaces with high ceilings, lots of windows and natural light also make excellent spaces for fun and games. #work #play #live #lofts #la | Blog Video

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Reader Questions

Q: Where are the best live work studio rental southern california? A: Downtown Los Angeles (especially the Arts District ) and Hollywood are two of the best places to rent studios for creative people. With a tremendous amount of dining, vast entertainment and abundant shopping, these neighborhoods attract a large throngs of young, single adults who prefer an exciting lifestyle, including the world’s most creative workforce.

Q: How can I reach someone at shybary grand hoa? A: SB Grand 312 W 5th Street homeowner’s association contact info is at www.HOADTLA.com

Get a free list of Arts District lofts for sale and for lease. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

Lofts For Sale Map Homes For Sale Los Angeles

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Live Work Studio Rental in Southern California — Corey Chambers in the Arts District
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.

https://www.laloftblog.com/2020/05/22/work-play-live-lofts-la/

Units available for lease https://www.laloftblog.com/2020/05/20/brick-lofts-652-mateo-st-los-angeles-90021/

Brick Lofts apartment building offers 21 large open lofts for lease with modern kitchens (with sparkly Caesarstone countertops, microwave and dishwasher). #bricklofts #losangeles #artsdistrict #652mateo | Blog Video

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Live/Work loft space at Brick Lofts, great location in the Arts District of Downtown Los Angeles. Includes one parking spot in a gated lot. At Brick Lofts, we provide you with full upgrades, standard. Open floor-plan, 12′ – 16′ foot ceilings, European designed kitchen cabinetry, hardwood flooring / concrete on first floor, exposed wood columns and ceiling beams, custom granite vanities with modern sinks and faucets, stainless steel kitchen appliances, exquisite lighting fixtures, exposed brick throughout building, dual pane windows, tiled shower walls, glass shower door enclosures, CAT5/Cable ready. Call to see what is available for move-in 213-880-9910.

With most units around 1,000 to 1,500 square feet, the units will vary in size and features. Some units include a refrigerator. The building has on-site parking available, included with some units. Brick Lofts are popular with those who work in the Arts District. #bricklofts #losangeles #apartments FOR LEASE | BLOG VIDEO | TOUR VIDEO

Get a free list of lofts for sale or for lease in the Arts District. Fill out the online form:

Brick Lofts in the Arts District of Downtown L.A. – Call to request a tour 213-880-9910 https://www.laloftblog.com/2020/05/20/brick-lofts-652-mateo-st-los-angeles-90021/

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, owner 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. #artsdistrict

Bidding War or Glut? Whom should you believe? Redfin and CNBC say that the market is already heating back up, that there’s a nationwide bidding war and that many are going for bigger, better houses now. As home prices are soaring, phones in real estate offices are ringing off the hook. Those who prefer to be a bit closer to reality, however, are likely to believe that pretty much the opposite is true: We’ve experienced the biggest negative shocks to the economy ever. The real estate market is all but completely paralyzed. While both of those positive and negatives viewpoints may be a bit extreme, the “paralyzed” picture is rooted closer to the truth for based on the seriously falling numbers for Los Angeles. #losangeles #realestate #market | Blog Video

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24 hour market report shows that 166 properties have been listed in Los Angeles and 46 have been sold — That is 1 sold for every 2.44 listed in L.A. The L.A. Loft Blog has reported that April Downtown area residential real estate prices fell down significantly from the same period for previous year. Add historic unemployment and stock market crashes to see a very clear picture of what’s to come when industry after industry reports massive losses over the coming months. The experts agree that the world is in the Great Depression of 2020. Even China agrees that things are bad, as the communist leadership has just decided not to set an economic goal next year due to the massive economic crash. Billionaires are not bullish: Marc Lasry says that the stock market will soon realize that we’re in for years of hardship from lingering economic devastation. Even once-optimistic Warren Buffett now says, “The world has changed” as he writes off the travel industry. Local mixed-use landlords report that their commercial properties are in trouble, with more than 20% of commercial rents running late. They say their residential rents are doing surprisingly well.

Get a free list of Mills Act historic lofts with property tax benefits. Fill the online form at https://www.laloftblog.com/2020/05/21/los-angeles-real-estate-market/

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

Lofts For Sale Map Homes For Sale Los Angeles

SEARCH LOFTS FOR SALE Affordable | Popular | Luxury
Browse by Building | Neighborhood | Size | Bedrooms | Pets | Parking

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.

Alta Lofts Los Angeles Real Estate Bankruptcy Sale, Foreclosure or Forbearance https://www.laloftblog.com/2020/05/17/alta-lofts-los-angeles-real-estate-bankruptcy-sale-foreclosure-or-forbearance/

Forbearance is all the rage in 2020.
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Alta Lofts unit #619 at 200 N San Fernando Rd has just come onto the market as a bankruptcy sale. It’s on the top floor, with views of Elysian Park. Check it out. #forebearance #backruptcy #foreclosure | Blog Video

As homeowners struggle to make mortgage payments in the midst of corona-panic, stress in the real estate market is showing up, but not in the way one might expect. Rather than foreclosure, other options are currently being chosen. Lenders, banks and loan servicers don’t want to foreclose these days. Lenders got screwed over when they foreclosed and repossessed in 2012 because the lenders ended up auctioning or selling too many REO bank-owned properties at the bottom of the market, at a big loss to the lenders. Today, they’re using a different approach.

Forbearance is the latest thing. Instead of foreclosure, distressed property owners are being encouraged to weather the economic storm, or else to file for bankruptcy. 8.8% of US mortgages are already in forbearance. That’s about 4.7 million mortgages. By the end of June, around 10% of mortgages are expected to be late, and under forbearance. Hans Bruhner of Finance of America Mortgage and the Sonoma County Gazette remind us to approach forbearance cautiously, and ask questions.

Reader Questions:

Q: Does alta lofts los angeles have floor plans? A: Request a free Alta Lofts floor plan from the L.A. Loft Blog DETAILS

Get the free report on forbearance and bankruptcy sales. 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 | Popular | Luxury
Browse by Building | Neighborhood | Size | Bedrooms | Pets | Parking

Forbearance is not forgiveness. The home owner must usually make bigger payments later.
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.

https://www.laloftblog.com/2020/05/17/alta-lofts-los-angeles-real-estate-bankruptcy-sale-foreclosure-or-forbearance/

Artists love historic Mills Act lofts in Downtown Los Angeles https://www.laloftblog.com/2020/05/19/los-angeles-loft-apartments-and-condos-todays-top-7/

What’s hot in L.A. today? Here are the seven topics that Downtown and Los Angeles buyers, sellers, renters and landlords have asked most about today. Here are the Lucky 7 subjects: #dtla #lofts #artist | Blog Video

LA Real Estate Topics Today:

VIDEO https://youtu.be/0iEzv46S8tA

Mills Act Downtown Los Angeles 5,853 Views

LOFTS FOR LEASE 186 Views

Live/Work Lofts Downtown LA vs. Residential Studio Apartments 136 Views

Warehouse Lofts For Rent 68 Views

2-Story Condos, 2-Level Lofts with Mezzanines in Downtown Los Angeles Homes For Sale 59 Views

LOFTS FOR SALE 44 Views

CoreyChambers.com 37 Views

Get a free list of Mills Act historic lofts for sale.

Fill out my online form.

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

Lofts For Sale Map Homes For Sale Los Angeles

SEARCH LOFTS FOR SALE Affordable | Popular | Luxury
Browse by Building | Neighborhood | Size | Bedrooms | Pets | Parking

Artist Santiago at Downtown Los Angeles Art Walk
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.

Artist Studio Lofts Downtown Los Angeles https://www.laloftblog.com/2020/05/18/los-angeles-loft-studio/
When we talk about loft studios, there are two different meanings: 1. Small size open lofts with no separate bedroom; or 2. Medium or larger lofts for the purpose of art, photography or other creative work. So, we’ll discuss both types in this post. Let’s start with smaller lofts that are like studio apartments. They will have fewer square feet, and lower prices. Here are some links to lists of: #losangeles #loft #studio | Blog Video

VIDEO https://youtu.be/Jr-bib_E-Ts
Small Lofts For Sale | Small Lofts For Lease

and for larger studios for artists, here are links to lists of:

Live/Work Lofts For Sale | Live/Work Lofts For Lease

Get a free list of Los Angeles loft studios. 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 | Popular | Luxury
Browse by Building | Neighborhood | Size | Bedrooms | Pets | Parking

Los Angeles Loft Studio
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.

https://www.laloftblog.com/2020/05/18/los-angeles-loft-studio/

REAL ESTATE NEWS

NEW ON THE MARKET! 1855 INDUSTRIAL Street 309 — Situated in the Toy Factory Lofts, one of the most sought after buildings in the Arts District, is this stunning “no expense spared” designer corner loft with over 2,300sf of living space inclusive of an expansive private outdoor patio with DTLA skyline views. This unit is the epitome of luxury and sophistication and seamlessly integrates industrial elements with custom lighting and polished concrete floors that are flooded with natural light beaming through huge windows complemented with electric shades for ultimate privacy. The cooks kitchen features Miele appliances including a 48″ range, built-in coffee maker, and wine fridge. The bedroom enjoys a separation to the living room and the abundant closet space via custom-built room dividers. Retreat to the lavish master bath w/steam & rain shower, body massager, toto toilet, & a stainless-steel soaking tub. Building amenities include a rooftop pool, fitness center, concierge, 24 hour security, and deeded parking. DETAILS #losangeles #lofts #forsale | Blog Video

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IMPROVING! SALES PLUNGE! STEADY! COLLAPSING!

These are all recent headlines about the Los Angeles property market. Which one is most accurate? It can be difficult to know who to believe these days. Here’s how to make it easier: Who was the most believable five years ago? Who was the most reliable one year ago? Looking back at the LA Loft Blog archives, we can see who has the neighborhood knowledge and experience to be really on top of things in Downtown Los Angeles for many years. Based on ethics of “all truth is good truth,” the L.A. Loft Blog continues to disseminate the positive and negative numbers, the good, the bad and the ugly. There is great beauty, along with tremendous opportunities for success that comes from thoroughly understanding what’s really happening with the Los Angeles urban real estate market today in 2020. The most accurate headline is the one that is most obfuscated by the mainstream media, government and real estate professionals: COLLAPSING! Based on recent stock crashes, unemployment filing and GDP contraction, we’re already in the Greater Depression of 2020! And that shocking realization can be great news for those who plan to buy a home within the next several years.

How to Take Advantage of the Collapsing Real Estate Market

LOWBALL OFFERS — Wealthy real estate investor Ben Mallah says, “Place lowball offers to save 20% or more.” Crashing real estate is precisely the time to lowball, according to Mallah. Taking live phone calls on his Youtube video webcast, Ben advises newer investors: You’ve just got to find more deals. Use a real estate agent to find good deals. Bargain down the price. The asking price is not so important. Ben reminds us that it’s worth our time to try to get the price down — have your agent make up a lowball offer because the seller may not have any other offers, and the two might come to a meeting point. If the asking price is 20% too high, then offer 20% less. Duplexes and triplexes are great for beginner investors. Consider how long the property has been on the market.

If it’s been on the market for a long time, then you want to hit them with a low offer. Look diligently at what’s active on the market, including over-priced properties. Figure out what price makes sense, determine what price you’d be willing to pay, and make some offers. Properties that are on the market, actively listed for sale are up for negotiation. Some of the best deals take time. Get a dialogue going, find out what their rock-bottom is. When necessary, take the time to go back and forth with sellers three, four or five times, in the process of negotiating deals. Take as much time as necessary, go back and forth. Make your agent play the game.

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.

Your Home Sold GUARANTEED or I’ll Buy It*
Real Estate News: Los Angeles & Southern California

Because the Corey Chambers Team has helped more than 20,297 home buyers, sellers, renters, landlords and investors, and we have more than 5,309 buyers who are looking for a home, we can guarantee the sale of most any home in The Greater Los Angeles Area. We may already have a buyer for your loft, condo or house. To find out how much your home is worth, call 213-880-9910. | COREY CHAMBERS BIO | COREY CHAMBERS COMPENDIUM | CONTACT COREY CHAMBERS #coreychambers #realtor

Reader Questions:

Q: What’s happening with chase building wislhire? A: The Chase Building is a luxury highrise condominium tower at 1100 Wilshire.

Q: What is the chase building wislhire phone? A: The list of Downtown HOA condo homeowners association contact information is at www.HOADTLA.com

Q: Are there apartments for rent at orpheum lofts los angeles? A: Yes, there are sometimes units for lease at Orpheum Lofts in Downtown L.A. DETAILS

Q: What is the rowan building los angeles history? A: The Rowan lofts building was built in 1920s. The History of the Rowan Building — The Rowan is an LA Innovator! Originally built by famed real estate developer Robert A Rowan and AC Bilicke, the building stands at the corner of 5th and Spring streets, a prime location in the heart of the Historic Core, at one time known as “The Wall Street of the West.” The Rowan was designed in 1911 by two legends of architecture: John Parkinson, architect of the Los Angeles City Hall and the Pacific Stock Exchange, aided by G. Edwin Bergstrom, famed designer of The Pentagon. The firm of Parkinson & Bergstrom designed the Los Angeles Athletic Club, the Alexandria Hotel, and the original building of Bullock’s Department Store. The Rowan Building was once home to many of the city’s oldest and most prominent law offices and stock brokerage firms during the original golden years of the downtown Los Angeles area. MORE

Congratulations!! to the seller and buyer of Alta Lofts unit #115. Thanks to the exclusive Chambers Guarantee, and advanced negotiation strategies, the transaction was successfully completed during the most critical times of the corona panic of 2020. While 30% to 90% of other transactions failed, and as Coronavirus Force Majeure jeopardized all transactions, the Alta Lofts transaction was triple negotiated, then completed successfully to the total satisfaction of both buyer and seller because of the tremendous experience and resources of the Corey Chambers Team.

How can the Corey Chambers real estate team help you? Fill out our online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

Lofts For Sale Map Homes For Sale Los Angeles

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P.S. Your Referrals Help The Kids! We are on a mission to raise $25,000 to help the extraordinary kids in need at Children’s Hospital Los Angeles. We do this by donating a portion of our income on every home we sell. Help us help Children’s. Who do you know considering making a move that would benefit from the services we provide? Call me at 213-880-9910 with their contact info, or have them contact me. You can also visit http://www.ReferralsHelpKids.com. Thank you in advance!

Corey
Corey Chambers, Realtor®

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.

Count on the faltering mainstream news and real estate websites to continue to get it wrong for several more months at least https://www.laloftblog.com/2020/05/14/los-angeles-real-estate-news/

Reports of “Real Estate Stable” and “Real Estate Not So Bad” are based on outdated, political or commercial opinions, not empirical facts. The popular news sources generally look at old data, while the real estate websites try to focus narrowly on whatever positive, uplifting information they can provide. Realtor.com tries to be supportive of real estate professionals, but falls short in providing enough helpful insight into declining markets, falling prices and cyclical downturns that uncover the best deals in loft living. #losangeles #realestate #news | Blog Video

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The L.A. Loft Blog makes strong efforts to look at all sources of data to give the most accurate, actionable news and projections — regardless of common perceptions of good or bad news. The truth is important because inaccurate news leads to poor judgements and unprofitable financial decisions. By surveying all viewpoints and all angles, the Loft Blog gives the ups and downs, pros and cons, good and bad. This whole truth approach helps home buyers, sellers, renters, landlords and investors to get the best results by taking advantage of massive silver linings, and turning lemons into the most refreshing of lemonade. Other occasionally helpful sources that we’ve identified include LA Curbed (which wonders if the housing market is recovering, and admits that it’s having a hard time making sense of housing data) and The Real Deal. Well, we have answers for you, LA Curbed: No, the housing market is not recovering; it’s getting worse. LA Curbed astutely points out growing consternation between landlords, tenants and the city government, amplified by corona panic eviction freeze and explosion of expensive bureaucracy to make L.A. Law firms rich! L.A.’s chaotic rent-control love triangle is sure to get more dramatic, as the entire real estate sector has only just begun to run a gauntlet of a painful path.

The real news, and the true facts are about the collapsing housing market, and how billionaires associated with JPMorgan and Fortress are planning to take advantage of the rapidly falling property prices as part of the largest wealth transfer in history, from the middle class to the wealthy.

The LA Loft Blog analyzes thousands of data points every day, including daily MLS numbers, and direct daily communication with home buyers and sellers. Home prices are falling faster, with much deeper effects than what the mainstream media can fathom.

Find out what the loft down the street sold for https://laloft.wufoo.com/forms/qbg942419l39cs

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.

At the famous Hollywood and Vine intersection, The Broadway Hollywood historic building in Los Angeles has 96 loft condominium units, home to famous movie stars. Look out the windows and enjoy the remarkable views of Los Angeles. These live/work lofts provide the ultimate combination of productivity and urban lifestyle. The building features security front desk concierge, rooftop pool with sun deck, stylish cabanas, and a fitness room. Located right on the Hollywood Walk of Fame, the magical entertainment and movie star essence charms the building and neighborhood. | Blog Video https://youtu.be/FqgtUazzQck

Own this historic Downtown building
REAL ESTATE NEWS — JUST LISTED IN DOWNTOWN L.A.

These fresh loft listings include units a Little Tokyo Loft with lots of natural light; and a loft in the amazing El Dorado building in the Historic Core: BEST PRICED UNIT! SELLER is giving 1 full year HOA’s with full price OFFER! Timeless elegance blending with modern living is the epitome of the El Dorado Lofts. Described in 1914 by the L.A. Times as a magnificent hostelry with a striking faade and metropolitan conveniences built by local capitalist and financier, N. W. Stowell. In addition to the grand exterior of green glazed brick and the rich golden tones of original Batchelder tiles which adorn the interior walls and lobby, this building is truly a historical gem. This large 1 bed / 1 bath smartly designed open space includes wood flooring, exposed concrete walls / beams upgraded lighting, state of the art kitchen with granite counters, stainless steel appliances and custom subway bathroom tiles. Add the Mills Act Property Tax Savings (average 65% savings over non historic), location in the Heart of DTLA with only 6 units per floor, record low interest rates : more than a few reasons to take a peek. | DETAILS #losangeles #loft #forsale | Blog Video
https://youtu.be/VHPYVx7xMoo

Here’s a list of the Top 20 Los Angeles lofts that are new on the market.

Just Listed https://www.themls.com/Share/YWFhZ2NiZmdq

Distressed Lofts: Vacant, motivated sellers, needs work etc | LIST https://www.themls.com/Share/YWFhZ2NiZ2Vm

https://www.themls.com/Share/YWFhZ2NiZ2Vm

HISTORIC DOWNTOWN BUILDING FOR SALE

Here’s the 1924 original brick retail storefront / warehouse / industrial live/work loft building that you’ve always wanted in Downtown Los Angeles, 5,680 sq ft 3 bed 3 bath $1,749,000. | DETAILS

http://www.laloftblog.idxbroker.com/idx/details/listing/d025/20575984/1013-E-8TH-Street-Los-Angeles-CA-90021

El Dorado Lofts unit #610 http://www.laloftblog.idxbroker.com/idx/details/listing/d025/20564928/416-S-SPRING-Street-610-Los-Angeles-CA-90013

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.

He’s back: Drew Christian Donovan AKA Christian Andrews AKA Jimmy Wayne Jackson
REAL ESTATE NEWS — The Con Man Comes Again #drewdonovan

The next time a wealthy, charismatic gentleman offers to pay your bills, gift you a car or house, alarm bells in your head should ring loud and clear. Drew Donovan is out of jail, and back on the prowl in West Los Angeles. His latest victims are surveying the damage — substantial losses upwards of $50,000 or more. A full-time career criminal with conspiring accomplices, the convicted felon has spent his life bilking hundreds of individuals and businesses out of millions of dollars. With a cheerful smile and earnest demeanor, the slick professional employs his well-honed skills to separate unsuspecting marks from their money and credit cards to the tune of tens of thousands of dollars per sucker. #conman #fraudster | Blog Video

Some of Donovan’s most recent pawns have included seniors with disabilities, women with young children and sophisticated elderly ladies, taken by the charlatan’s convincing charm and highly polished skills of deception. In most cases, the swindler presents himself as a helpful wealthy benefactor, handing out generous fake checks that bounce, offering to pay bills using phony phone payments, and endowing his targets with simulated “gifts” that end up as big fat goose eggs, returned unpaid weeks later. To lend an air of legitimacy, the skilled scammer sometimes uses the aura of real estate and financial trappings, such as oblivious bankers and unaware agents, as tools for his fraud set-up. Now over 50, the creep is still spending his ill-gotten gains on his depraved lifestyle of sex and drugs.

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Donovan is currently on the loose again, and has recently been swindling innocents in the past few weeks, around West L.A. Brentwood and Beverly Hills area. The public is asked to report any sightings of the criminal to the police and also to the L.A. Loft Blog at [email protected]

Homeless To Move Into Luxury Hotels

Apparently, the $3 billion per year spent on less-than-effective homeless programs by the City of Los Angeles is just a start. Now that we have corona-panic, it’s time to go totally A-Luxe and put homeless into super luxury hotels, according to a report by ABC News. The city will pick up the tab for hundreds of millions of dollars, perhaps closer to a billion dollars (what a steal!) to give the homeless the fine services that they deserve. Meanwhile, tent cities, pop-up junkyards and derelict motorhome parks continue to sprawl across Los Angeles sidewalks and streets.

Project Roomkey is a collaborative effort by the State, County and the Los Angeles Homeless Services Authority (LAHSA) to secure hotel and motel rooms for vulnerable people experiencing homelessness. It provides a way for people who don’t have a home to stay inside to prevent the spread of COVID-19.

LAHSA apparently did not get the memo from doctors who now say that corona is flu, and spreads more indoors. It’s not clear how much additional funds will be spent to treat the staff and guests who come into contact with more viruses. Not surprisingly, some hotels have been reluctant to participate in Project Roomkey. While it might be just the thing for some travel hotels that are empty, luxury hotels are unlikely to take part in a corona-related program that will chase away profitable fat-cat guests. The city council just voted to smear the names of hotels who refuse to take part in the program. Now the council is considering possibly taking over the hotels by force. Of course, homeless are exempt from many laws in L.A. It’s also not clear on whether homeless will be eager to follow rules, such as no guests and no leaving the room except for essential services. It’s also not clear if the program includes room service. #homeless #luxury #hotel

Reader Questions

Q: Where can I find artist loft for rent? A: Artists and lofts go together like hand and glove. Take a look at artists lofts. Check out https://www.laloftblog.com/?s=artist+loft+for+rent and the industrial style lofts at https://www.laloftblog.com/2020/04/12/industrial-lofts-for-lease/

Q: Which loft buildings in los angeles county are pet friendly? A: Pet-friendly lofts info can be found on the L.A. Loft Blog at https://www.laloftblog.com/?s=pet-friendly and also at https://laloft.wufoo.com/forms/z1ua3s3h0q9r3gm/

Get a free list of amazing artist lofts for lease https://www.laloftblog.com/2020/05/07/drew-donavon-con-man-of-beverly-hills-la/

Help find Andrew Donovan a new home. Report fraud to police and [email protected]
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 as

Comprehensive negotiation required for home sales during coronavirus Force Majeure
With L.A. real estate rocked by pandemic, economic crash and non-performance due to coronavirus Force Majeure, only 78 out of 217 listed properties sold successfully in the last two months in Downtown Los Angeles and the surrounding loft neighborhoods MLS areas 23, 42 and 1375. In the today’s market besieged by panic and collapse, unique selling strategies and marketing tactics are required in order for home sellers to achieve a fast, smooth home sale for the highest selling price. Here are some of the most successful home selling criteria for the covid-affected housing market: | Blog Video

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Track record of high sale amount to asking price
Faster sale time to outpace falling market
Guaranteed Sale Program on terms of seller
Large database of buyers looking for an urban home with character
Advanced negotiation methods
Get What You Want in Real Estate Through Negotiation

In times of difficulty and uncertainty, negotiation is one of the key tactics that prevent escrow from falling out, and allow for a smooth, successful home sale. Based on lessons from Stuart Diamond’s Best Selling book “Getting More: How You Can Negotiate to Succeed in Work and Life,” here are some of the elements of negotiations credited for saving the deal on a current loft condo transaction. Use these tactics for getting more:

Start by being optimistic. With an intention to make your home sale successful. Start with a principle that you can get more. No matter who you are. No matter what your personality. You can be an excellent negotiator. You can get more. Make human contact. Talk in person when possible, otherwise by video conference or voice phone. Negotiation is at the heart of human interaction. Every time people interact, there is negotiation going on verbally or non-verbally, consciously or unconsciously. Negotiation occurs constantly, while driving, talking to family, doing errands, you can’t get away from it. You could only make a choice to do it well, or do it poorly. Have a goal in mind. Know what you want at the end of the negotiation, that you don’t have at the beginning. Get to know the perception sensibilities needs and personality of the other party. Find out who they respect and who can help you. How do they form relationships? Put yourself into their shoes. Don’t use raw power or brute leverage, or you will receive retaliation. To be most effective and persuasive, you must get the other party to want to do things. Make emotional payments by using empathy. Apologize when necessary, offer them things. Every negotiation is different. Whenever you encounter animosity, or if you have a hard time negotiating, your response should be to say “Tell me more,” so that you can learn what they are thinking, feeling and wanting. That will better persuade them. Incremental persuasion works best. People often fail because they ask too much all at once. They take the steps that are too big. They take a bridge too far. That scares people and makes the negotiations more risky. Take small steps, lead people from the pictures in their heads to your goals. Lead them from the familiar to the unfamiliar at one step at a time. When there is little trust, it is even more important to be incremental. Take small steps, and test after each step by asking if they are on board. Following you if they agree. If it makes sense for them. If it works for them, you can narrow the gap incrementally.

Trade things you value unequally. For instance, one person wants a condo while the other wants to get rid of the condo. All people value things unequally. Some want money, while others want convenience and time-savings. First, find out what they care about and don’t care about. Big and small things: important and seemingly unimportant in the deal and outside the deal, both rational and emotional. Then, trade off items that one party values, but the other party doesn’t. Find their standards. What are their policies? How do they make decisions? Call them out when they are not consistent with their policies, especially when dealing with hard bargainers Be transparent and constructive. Do not be manipulative. Do not deceive people. They will find out. And your long-term results will be poor. Be yourself. Do not try to be tougher or nicer than something that you naturally are, because people can detect fakers. Being real is credible, and credibility is the biggest asset when negotiating.

If you’re in a bad mood, too aggressive or you don’t know something, then say so. It will help alleviate problematic issues. Your approach and attitude are critical. There’s no need to be too soft, and no need to disclose everything up front. Just be honest and real. Always communicate: When there is an obstacle or disagreement, state the obvious, frame the division. More at https://www.laloftblog.com/2020/05/05/sold-lofts-and-condos-real-estate-downtown-los-angeles-getting-

Placing Back-Up Offers on Properties In Escrow

In normal real estate markets, about 10% of escrows fall through. So, when a prospective home buyer places a back up offer, it generally has less than a 10% chance of success. During a financial panic and pandemic, the chances of back-up offer acceptance goes much higher because more than 30% of escrows fall out during a time of economic crisis like today. This makes back-up offers much more significant for sellers, as back-ups grow more feasible for buyers.

Most home buyers must have stable employment or other steady income in order to purchase a property. With recent massive layoffs, and as April is expected to bring the highest unemployment rate on record, home buyers are facing instant loss of income, with sudden disqualifications from home purchase. This causes buyers to cancel and leads lenders to re-check employment, and to cancel loans during escrow. As lenders also run low on money to lend, they won’t admit that the money is scarce; they instead merely increase or change their standards, rejecting more buyers and rejecting more properties as unqualified. Cash buyers always have an edge, especially now.

Top 5 Corona-Panic Negotiating Tactics

Like short sale offers, back-up offers should be taken advantage of by promptly placing an offer that makes financial sense for the buyer. The most sophisticated investors are aware of the strategies and tactics to employ to take advantage of today’s hysteria and high failure rate for Los Angeles real estate transactions. These tactics include:

Placing offers on active listings, pending listings, homes under contract, vacant and distressed properties.
Placing offers for lower dollar amounts — Generally 4% to 9% less than last year’s sold prices.
Negotiating for seller to pay more of buyer’s closing costs.
Negotiating for seller to pay more toward repairs based on general home inspection.
Negotiating for a reduced price at any time during the escrow, based on Coronavirus Force Majeure.
Buyer Questions:

Q: What is a Coronavirus Property Entry Advisory and Declaration? A: That is a form that California home buyers are asked sign, before seeing a home for sale or for lease, regarding the risks and protocols for viewing real estate during the covid-19 pandemic.

TOP 10 Loft and Condo Topics Today

Live/Work Lofts Downtown LA vs. Residential Studio Apartments
LOFTS FOR LEASE
LOFTS FOR SALE
BARTLETT LOFTS AND CONDOS at 215 W 7th Street Los Angeles, CA 90014
Brockman Lofts DTLA For Lease 530 W 7th St, Los Angeles, CA 90014
BARKER BLOCK LOFTS 510-530 S Hewitt St and 527 S Molino St, Los Angeles, CA 90013
DOUGLAS LOFTS 257 S Spring Street Los Angeles, CA 90013
ALTA LOFTS Los Angeles 200 N San Fernando Rd 90031
CONCERTO LOFTS AND CONDOS 901 Flower Los Angeles, CA 90015
Downtown LA Home Eval – Home Prices Los Angeles
Get a free list of Downtown Los Angeles distressed properties for sale at http://www.LALoftBlog.com

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.

NEWS — Property Price Collapse Accelerates

April L.A. urban property market delivered expected abysmal sales figures with total sold listings down by more than 50% from the same month in 2019. The median sold price fell by $15,000. The average price per square foot is down by 4.14%. Home sales total dollar volume fell 64%. Fear has hit the Greater DTLA home transaction arena with 72% more failed listings.
The number of expired, cancelled and withdrawn listings has increased dramatically. The number of failed listings has also shot up, nearly doubling from 36 failed listings in April of 2019 to 62 failed listings in the same month of 2020.

Find out what the home down the street sold for. Get a free list of recently sold homes in your area at http://www.LALoftBlog.com

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.

Mother Always Said You Should…

My Mom used to tell me over and over again to do this and do that, not do this and not to do that. ALL, I recall, very valuable advice. Looking back on it, I can say she was, and still is, a very wise woman – even though I may have not thought so at the time.
 Time reveals, in fact, just about every caring Mother is a Wise Woman. I can see why we carve out a special day each year to acknowledge Mothers. So here is a shout out to all Mom’s – Happy Mothers Day!!
 My mom is no longer here. While that can make me sad this time of year, there is a silver lining in every cloud. I am sure some reading this can relate and have similar stories. For ALL those, whose Mom is no longer with us, I’m sure they are missed. In addition to that, there are also many who never knew their Mom due to unfortunate circumstance. But we can celebrate this Mothers Day as we know Moms both here and no longer here are special in more ways than we can count. | Blog Video

In This Issue — Vol 8, Issue 5 May 2020
— Mom always said you should do this.
— How Your Referrals Help Kids
— And More

Especially the Moms who are sitting right now by their Child’s hospital bed not too far from where I type this…

You may recall that we are on a mission to raise $25,000 for Children’s Hospital Los Angeles.
 Right now, there are kids who are trying to beat the Cancer Monster and other debilitating diseases at Children’s. The Mom’s with kids fighting are most likely NOT thinking about their special day this month. They are simply just being “Mom” doing what a real loving Mom does.

This is where you can help…

Kids under the care of Children’s Recovery Center are 300% more likely to enter into remission IF they can get into the recovery center. BUT, the Recover Center survives on Sponsorships and Donations. So YOUR REFERRALS HELP THE KIDS…

Who do you know considering buying or selling a home you could refer 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 of Los Angeles.

It’s easy to refer your friends, neighbors, associates or family members considering making a move.

Simply go to www.ReferralsHelpKids.com or you can call us direct at 213-880-9910.

Moreover, rest assured your referrals are in VERY GOOD HANDS!

Here’s Why…

Home Sellers Receive this guarantee: I Will Sell Your Home at Your Price or I’ll Buy It!*

Home Buyers Receive this guarantee: If Within 24 Months of Buying Your Home You Are Not Completely Satisfied With It, I Will Buy It Back or Sell It For Free, Your Choice*

Again, It’s easy to refer your friends, neighbors, associates or family members considering making a move. Simply pass on one of the business cards enclosed, or go to www.ReferralsHelpKids.com. And of course you can always call me direct as well at 213-880-9910.

We hold ourselves accountable and are confident you or anyone you know making a move, that you refer over, will have a fail safe experience selling or buying with our team!

Life moves fast for some and we are eager to make the Home Selling and Buying experience a smooth rewarding one. Over the last two decades of helping thousands of families sell their home and/or buy another, we have met some wonderful, loving, caring people. People like you! So your referrals, those you know considering a move, that we help – you can rest assured that not only will they get the award winning service we are known for, but that a solid por-tion of the income we receive from the transaction will go toward a very worthy cause.

My Mom told me to give all I could, no matter what I was doing. Thanks Mom for that bit of advice. Many years later, I get to repeat it here and do all I can to help you, your referrals and try and help Children’s Hospital do good work, extending young people’s lives.

We make it easy for you to refer your friends, neighbors, associates or family members considering making a move. Pass along my business card enclosed or go to www.ReferralsHelpKids.com. And again, I love hearing from you so you can always call me direct at 213-880-9910.

As this year continues to unfold, everyone here on my team wish you the very best.

And – thank you in advance for the referrals

With all my appreciation.

Corey

P.S. Remember we love honoring our past clients like you. Read all about that at www.ReferralsHelpKids.com. A significant portion of our income on every real estate transaction being happily donated to Children’s Hospital Los Angeles in an effort to raise $25,000.

P.P.S. The story of this young person enclosed may cause you to look at your loved ones differently. It did me. Check it out.

It’s easy to refer those you know considering buying or selling a home:

Go to www.ReferralsHelpKids.com

REAL ESTATE NEWS (Los Angeles, CA) — Housing and Covid-19

Mayor Garcetti has reportedly given permission to show interiors, but the problem is that the property market has been so decimated that there are very few home buyers who want to look at properties. In-person open house is still banned. #coronavirus #update

The data is in. Driving to work is more deadly than coronavirus. So we have justification to quit working and collapse the economy, but SARS-CoV-2 is not the reason, according to notable epidemiologist Dr. John Ionnidis.

READER QUESTIONS:

Q: What can an HOA board member do if the rest of the board is corrupt? A: The one good board member may go directly to the homeowners with the details, and may ask homeowners to sign a petition to make desired changes to the rules or to recall the board. Ask some fellow homeowners to help acquire signatures. The board is generally required to implement demands from homeowners https://www.laloftblog.com/2018/09/25/bad-board-what-to-do-when-the-hoa-is-corrupt/

Q: What is the Barn Lofts HOA contact info? A: Barn Lofts 940 E 2nd St HOA contact info can be found on the Downtown Los Angeles Homeowners Association contact information list at www.HOADTLA.com.

Q: What information do you have on Fig and Fifty Walk. A: Fig & 50 might have some new units and resale condo units available for sale https://www.laloftblog.com/2017/07/14/fig-and-fifty-walk/

Get a free list of new homes, condos under construction in Downtown Los Angeles. Get on the new homes interest list at https://laloft.wufoo.com/forms/z809dha1yg6zro

Homeowners: Are you forced to stay home without pay? If you want to save your credit or equity, please pay particular attention! Guaranteed cash offer for your home before the bank takes it. #cashoffer #24hours

Hi, I’m Corey Chambers in Los Angeles, Your Home Sold GUARANTEED or I’ll Buy It*. For the past 20 years, we have helped thousands of home sellers, buyers, renters, landlords and investors, and we’ve amassed more than 20,000+ buyers in our databases. Our property investors have over a hundred million dollars ready to buy at any time. We buy houses in any condition and we pay cash. Our process is as easy as 1, 2, 3:

1. Give us a call to request a cash offer

2. Get your cash offer

3. Close the deal on your schedule and your terms

For a free no-obligation consultation, call Corey at 213-880-9910.

Get a guaranteed cash offer on your home in 24 hours
https://laloft.wufoo.com/forms/qyfzags0jrvhcr

Call Corey Chambers 213-880-9910
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.

*Seller and Corey must agree on price and time of possession.

Bright, beautiful character of urban living with views
Historic Core lofts provide endless charm with lots of natural light in highly sought after Historic buildings of Downtown Los Angeles. Buildings like the Rowan Lofts, feature original quality that can’t be duplicated, such as gorgeous original mahogany window frames and stunning original exposed brick walls in a walkable neighborhood of shops and weekly community street markets.
FOR SALE | FOR LEASE #historiccore #loft | Blog Video

VIDEO
The Historic Core also has its down sides. Skid Row is not far away, and nearby low-income housing is linked to higher incidents of crime, homelessness and growing tent encampments. #downtown #la

Get a free list of Historic Core lofts and condos https://www.laloftblog.com/2020/04/27/historic-core-district-downtown-la-loft/

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.

Mills Act lofts with property tax benefits
PROPERTY AND INVESTMENT NEWS (Los Angeles, CA) — Of the many lessons that we learn by studying the great depression, the most vital are the teachings about what works to move things forward in down times — in a recession or depression like today. Recognizing long-term cycles, weaknesses and identifying opportunities are some of the most challenging tasks for most. By looking at a stock market that continues to try to take off in downward storm, we see a large percentage of Americans, even experienced stock investors, who are unable to recognize a medium-term economic downturn, along with its corresponding benefits. A large percentage of day-traders and retail investors will be pounced, plummeted and plunged into capitulation over the next 6 months to 2 years. Others swiftly pivot and shift focus to matters that align with the crisis and economic change. In a crazy environment, actions that previously seems odd can often become the smart play. Fortune favors the bold. #millsact #lofts | Blog Video

VIDEO
For example, our February 2019 post offered a “crazy” suggestion that property owners might consider selling a property, then using that money to buy bitcoin: Those who employed such a “nutty” action have produced bold financial results 230% better than people with stodgy, fearful hands.

Here are today’s biggest immediate money-making investment opportunities for short-term and medium-term gains:

Short term: Shorting low-quality stocks; shorting real estate stocks; buying bitcoin and selling the bitcoin at the top of a huge run-up.

Medium and long term: Blockchain (Get some Bitcoin and Ethereum. And get paid for your writing or videos at Steemit, Minds and LBRY), Gold, Healthcare, Internet Technology and eGaming.

Remember that money and wealth do not disappear in a crisis, recession or depression. These assets don’t fall of the edge of the earth, or down into a dark abyss; they only change hands. During these hard times, wealth moves out of the hands that don’t know how to hold on to the shifting money — the hands that do not shift. Education and practice are the only ways learn how to shift towards the right direction. These assets move into the hands of those who recognize, identify and place more effort into the new opportunities.

Have you noticed that the L.A. Loft Blog has shifted with the changing market? We’ve substantially increased the amount of content, as well as the number of websites that we post and broadcast to. We’ve purchased several of the investments that we’ve suggested, including real estate and Bitcoin, with excellent results. We shall purchase more of the right kind of investments for today and tomorrow, and hope that you do as well.

Get a free list amazing historic Mills Act lofts with property tax benefits http://www.MillsActLA.com

If shutdown continues, how many more Angelenos shall move out of homes and into cars?
REAL ESTATE NEWS (LOS ANGELES, CA) — Chaos and Collapse of Real Estate Market Due to Corona-Panic
Panic and paralysis prove very unhealthy for real estate, and irrational fear is damaging to our health and well-being. Until recently, there have been several vital truths kept from Californians. Now that we’re aware of these undisclosed facts, we must immediately stop the shutdown, and get back to work: #coronavirus #update #panic

1. Coronavirus Covid-19 generally does not kill healthy individuals. Most “coronavirus” deaths are linked to multiple pre-existing conditions. It’s time to open up.

2. Economic shutdown and depression cause extreme unexpected poverty and death, especially to vulnerable, young persons. It’s time to open up:

Much of what we’ve been told about coronavirus has turned out to be wrong. We were told that coronavirus is many times more deadly than seasonal flu. This is wrong (Do the math). We’ve been told that tens of thousands of additional ventilators are needed. This is wrong. We’ve been told that victims died solely from from “coronavirus”. That is wrong. We’ve been told that we need to go broke, then rely on tiny government handouts so that we can survive. This is wrong. We’ve been told that staying inside is healthy. This is wrong. We’ve been told that recessions are caused by bad guys and viruses. This is wrong.

Recessions occur almost regularly, roughly every 6-10 years. Rather than a blind eye or scapegoat, a healthy economy requires constant attention and constant adjustments by 35.2 million different American businesses and 128 million households. Blaming a virus for a recession and shutdown is very unhealthy for the economy, and for us. Lessons from The Great Depression taught us that panic and mistakes can impoverish our middle class, then lead to tens of millions of tragic, unnecessary deaths worldwide.

For many people, especially men, working and earning an income are absolutely vital for mental and physical health. Unhealthy people should go ahead and shelter in place if they want, or wear adequate covering, and let the healthy get back to healthy productivity.

Los Angeles provides massive amounts of services to impoverished and homeless persons, drawing billions of dollars from a strong economy. As our local economy is destroyed, it takes away these services. The shutdown is causing that funding to get wiped out to most all social services.

Sitting idly by, watching the chaos and collapse of the real estate market leads to the loss of massive amounts of money, but it’s also about losing the place where we live, our biggest investment and the foundation of our lives — the place we call home.

Almost every industry, is currently being damaged due to panic, but this is especially true for real estate. The medical industry is also being damaged. Initially we did not have access to the best data or statistics. But, we now have the information that we need to make the right decision, to immediately halt the corona-panic, to move forward in repairing the economic damage, and to create a future that is brighter and stronger than ever before.

Find out how much your neighbor’s loft sold for. Get a free list of recently sold homes, along with a list of properties currently for sale. Fill out the online form at https://laloft.wufoo.com/forms/qbg942419l39cs

Industrious L.A. residents deserve to know the whole truth. They deserve a good economy.
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.

NEWS — L.A. AREA PROPERTY MARKET | Blog Video

What the California Association of Realtors recommends for real estate during the coronavirus pandemic. Also, 7 mistakes for home sellers to avoid.

Guidelines for Real Estate Best Practices During COVID-19

The CALIFORNIA ASSOCIATION OF REALTORS® ( C.A.R. ) has provided the following Best Practices Guidelines to assist real estate professionals in the safe practice of real estate. The C.A.R. wants to enable REALTORS® to demonstrate care for the health and well-being of home sellers, buyers, renters, landlords, investors, colleagues and the greater public welfare in reducing the risk of exposure to, and spread of, COVID-19, while providing the essential services of residential and commercial real estate recognized by the Department of Homeland Security as being necessary for the maintenance of America’s Critical Infrastructure. #coronavirus #update

Best Practices Guidelines

These guidelines reflect CAR’s understanding of Governor Newsom’s stay-at-home order issued March 19, as updated by the “Advisory Memorandum on Identification of Essential Critical Infrastructure Workers During COVID-19 Response” from March 28, 2020, which expressly includes residential and commercial real estate, including settlement services, as essential services.

⚠️ Check Your City or County for More Restrictive Local Shelter-In-Place Orders.

If a city or county in which you do your business activity has an order with a more restrictive standard regarding what qualifies as an essential service, or more restrictions on activities, those guidelines will still govern the activities of a licensee. In other words, if there is a more restrictive local order, it must still be followed. That order may prevent or limit your ability to conduct real estate activity.

What are the recommended best practices that must be followed in all circumstances?

Showings should be done virtually, if at all possible.
All activities should be completed electronically, if at all possible.
Only a single agent and no more than two other individuals are to be in a dwelling at the same time during a showing. If other persons are necessary for a showing, they should wait outside or in their vehicles to observe the social distance guidelines.
Sellers are to be advised that they should not be present within a dwelling at the same time as other individuals. Sellers are to be advised that they may remain on the property or in the common area of an HOA but not in the dwelling unit itself while agents, buyers, inspectors or others are viewing it. If a seller insists on remaining on the property, that seller is to agree to the terms and sign the declaration (see below) that is required for persons entering the property.
Agents should read and understand the recommendations from the Centers for Disease Control and Prevention (CDC) on how to protect yourself. This is critically important!
Any persons on the property must agree to adhere strictly to the social distancing guidelines at all times by remaining at least six feet apart per the recommendations established by the CDC.
Any person entering a property shall provide by declaration that to the best of their knowledge, they are not currently ill with a cold or flu; do not have a fever, persistent cough, shortness of breath, or exhibit other COVID-19 symptoms; have not been in contact with a person with COVID-19; and will adhere to and follow all precautions required for viewing the property at all times. All personsvisiting a property will agree to wash their hands with soap and water or use hand sanitizer prior to entry, and to wear disposable rubber gloves and a protective face mask, if one is made available. In addition, sellers must disclose to all persons who enter the property if the seller is currently ill with a cold, flu or COVID-19 itself, or has a fever, persistent cough, shortness of breath or other COVID-19 symptoms, or has been in contact with a person with COVID-19. Further, if anyone who enters the property is later diagnosed with COVID-19, the person who is diagnosed must immediately inform the listing agent, who will then make best efforts to inform everyone who entered the property after the person diagnosed, of that fact.
Sellers and buyers must be expressly made aware of the risks of showing and visiting properties: that it may be dangerous or unsafe and could expose them or others to coronavirus (COVID-19). Sellers and buyers must be advised of their responsibilities pertaining to COVID-19 protocols regarding social distancing and other CDC guidelines.

For more on these guidelines, contact [email protected]

7 Things You Must Know Before Putting Your L.A. Home Up for Sale

Downtown Los Angeles – A new report has just been released which reveals 7 costly mistakes that most homeowners make when selling their loft, condo or house. The report includes a 9 Step System that can help you sell your home fast.

Precinct DTLA booms Jan 2020. Now empty, how long can Downtown businesses hold out?
REAL ESTATE NEWS: The sooner Los Angeles opens for business, the better.
With no date for re-opening, Los Angeles is in dire straits. Very little consideration has been given to the ruinous economic impact of a shut down. Unfortunately, the physical laws of economics have no heart. The dismal science has no compassion for those who fail to heed its demands. This is why both economic health and health care resources of Los Angeles shall pay a devastating price for some time to come. Devastating to our food supply, even more devastating to poor countries and devastating to the American medical system. We’re just now beginning to hear of the unpredicted damage to the medical system. How many will die due to panic? How many shall be lost in the wake of a $30 trillion loss? Real estate is one of many industries that has only begun to suffer the full wrath of shutdown. The lingering aftermath shall sadly be much more serious and severe. #coronavirus #update #realestate

As part of our focus on all aspects of Los Angeles real estate, the L.A. Loft Blog has been instrumental in disseminating a rich variety of viewpoints on how health crises and the economy affect the LA property market. Due to long-term economic correction, the Downtown area housing market has already collapsed by more than 75% compared to two years ago, in the number of transactions completed. We project that down number to increase to an alarming 82% fall after we analyze the April data that is impacted by temporary panic and its medium-term bad effects.

Californians have been paralyzed with fear, but that fear is likely misplaced, and is subsiding. Untold economic damage has been precipitated by insufficient, low-quality data. This can and must change rapidly. When research carefully avoids political agendas, the more rational, unbiased epidemiologists reveal that the true economic risk and health risks are from panic and economic collapse, not from the virus itself — not from coronavirus covid-19. Because of political bias and increasing censorship, the public has not yet received the whole truth: Nearly 100% of “coronavirus” deaths are linked to pre-existing ailments, other diseases. Barbarous political goals, healthcare industry bias towards alarm, along with sensationalism and news media panic profit, are all adversely affecting the economy and the real estate market. In fact, our unprecedented shutdown of the economy will take longer than expected to unwind, with painful shedding before it can turn back on. The economy, therefore, must get worse before it gets better. Panic shall exact a hefty toll. Worst of all, healthy children shall die from the economic damage and neglect caused by frenzy and overreaction. While the Loft Blog is earliest in these revelations, the mainstream media and public will eventually get catch on and caught up as panic subsides, as clear thinking prevails. The truth has a way of eventually getting out. When this happens, after more sane free-market economic practices resume, and after Los Angeles cleans up its act, the future of California real estate is as bright as this weekend’s weather forecast. #losangeles

Our Sun – Nature’s Decontamination Device

Some beaches are open in Los Angeles County, for exercise only, with no sitting or socializing permitted. Orange County has even more beaches open.

Fact checking the FACT CHECK: So called “Fact Check”s are often wrong, especially about coronavirus covid-19. One “fact check” falsely claims that there is no evidence that sunlight kills covid-19. The sun kills bacteria and viruses. A short time in the sun allows our body to produce vitamin D, which is vital to our immune system. Outdoor wind and air blow away virus particles, buy indoor home and office interiors tend to keep the particles lingering the air longer to infect other residents and co-workers. That is one of the reasons why viral flu-like illnesses are much more pervasive in the winter. While viruses can be more hardy in the environment than bacteria, viruses are still susceptible to the effects of sunlight because UV radiation kills viruses by chemically modifying their genetic material, DNA and RNA, according to the NIH National Institutes of Health. https://www.ncbi.nlm.nih.gov/pmc/articles/PMC1280232/https://www.digitaltrends.com/news/can-uv-light-kill-coronavirus/https://nymag.com/strategist/article/does-uv-light-kill-germs-best-sterilizer.html

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

Drive a car right into the loft
Parking sure is easy for this loft. Loft lovers who are also car lovers routinely ask us if there are any lofts for sale that they can drive their cars into. Our answer is, “Not Usually. Those only come up about once every ten years or so.” The L.A. Loft Blog has promised that the Corona-crash would bring huge once-in-a-lifetime opportunities — and here it is! Park three cars covered, two of them inside the loft. Here’s one of those rare chances presenting itself for the car-aficionado loft dweller. #artsdistrict #loft #car | Blog Video

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Now, there’s no need to settle for an ordinary place. Anyone who wants to park their car in their loft must check this out right now! Several Loft Blog readers have told us that they would like to own a loft that they can drive their cars into. One just came available for the first time in nearly 10 years. More than 1,000 sq ft open loft in the Arts District Downtown Los Angeles. Perfect for Tesla owners and classic car owners. A lucky loft buyer may try to take advantage of the economy and get it for less than $829,000 (today, think negotiation — lower prices $30,000 to $150,000 less than asking in some cases). Here’s your once-in-a-lifetime opportunity! If you’d like to see it, call 213-880-9910.

SAVE $50,000 ON THIS LOFT | DETAILS

Get a free list of homes eligible for the $50,000 savings guarantee https://www.laloftblog.com/2020/04/21/drive-in-loft-with-car-access-roll-up-warehouse-door-in-arts-district/

Lack of Loft Loans: Failing banks fail to come to the rescue to average homeowners
Banks are in growing trouble, and it’s affecting Los Angeles real estate. U.S. Fractional Reserve banking system basically allows banks to lend out almost all of the money on deposit, creating a system that is precariously close to collapse, even in good times. Today, under extreme financial strain, a banking system collapse is a hair away. A minor bank run has already occurred over the past few weeks on the East Coast. There’s not much to stop a banking panic in L.A. A major bank run from coast to coast would quickly result in extremely low limits on withdrawals, then massive money printing by the federal government, followed by serious inflation.

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LOS ANGELES REAL ESTATE NEWS:

Financing Begins To Dry Up

Los Angeles Property Market Recession Update — Just got off the phone with one of L.A.’s most experienced and powerful mortgage lenders. She mentioned that lenders are facing various challenges, particularly tightening. Chase and other banks are no longer offering HELOC Home Equity Line of Credit, as equity is rapidly evaporating. Too many homeowners and prospective home buyers are recently and currently losing their jobs. | Blog Video

The lenders have basically tightened up their requirements, and they’re now limiting loans to those who have at least 700 FICO score and 20% down payment.

Wells Fargo has basically just shut off jumbo loans. Other banks are also having jumbo problems, and are requiring at least 20% down

Today, we just informed a new home buyer who wanted to put down 5% that a 20% down may be required. There is also an increased risk to his deposit because new home builders are under increasing financial stress. We suggested that buyers of new construction homes wait and verify that developer’s new homes are at least 30% sold out, or preferably 50% sold out before plunking down a significant deposit. | LOFT LENDERS

Loft Condo Prices Tumble

This week, a buyer and seller just agreed to reduce the price by nearly $50,000 on a Los Angeles loft condo in escrow so that the buyer would not cancel under the Force Majeure clause.

Small business loans have run dry. Bank of America has been failing to provide loan status updates, responding with errors like “Unable to complete your request at this time”

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