Because it’s worth it, according to Forbes. After decades of high taxes, things got worse in 2012, and then worse still in 2018. California can assess taxes no matter where you live, so those who want to avoid the aggressive California Franchise Tax Board should be sure to know the rules. Of course, billionaires don’t always care because they have the resources to protect money, or to easily pay any tax.
As the entertainment capital of the world, Los Angeles has unlimited restaurants, shopping and recreation venues. But do we have enough time and money to make it all worthwhile? How much money is left for fun after paying for expenses and taxes?
Most U.S. states have lower income taxes and lower costs of living than CA. These are among the top reasons why many Californians have been moving out of the state. Seven states have no income tax at all, and five states have no sales tax. Nevada and Arizona have been popular destinations for former Californians seeking lower taxes and lower costs of living. | VIDEO
Now that real estate markets a bit expensive and shrinking, many CA home owners are staying put or moving away. The wealthy always have a choice because they can afford any possibility.
Billionaires seem to always seem to find plenty of ways to get a break on their taxes. The average reader of the L.A. Loft Blog has a larger income, along with tremendous smarts. We want to readers to continue to grow and prosper no matter what, so here’s a link to billionaire Tilman Fertitta, star of CNBC’s Billion Dollar Buyer, revealing how he creates billions of dollars of value.
Find out how much your home is worth.
Get a free list of recently sold homes.
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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.
Real Estate Market Crash Trends Los Angeles California
REAL ESTATE NEWS
November numbers show a sustained down trend for lofts and condos in and around the Downtown Los Angeles area, including loft neighborhood Lincoln Heights. The number of listings fell slightly, properties took longer to sell, average and median prices dropped and the entire real estate market dollar volume plunged. Here are this year’s November numbers compared to the same month in 2018.
Buyers and sellers are both staying put longer, as the number of listings fell by 2.4%.
Homes are taking longer to sell, 18 days slower on average. While it only took 36 days last year, most home sellers found that their condos took 50 days to sell in November of 2019. Today’s home sellers must usually anticipate taking a couple weeks longer to sell their loft. | VIDEO
Fewer dollars are trading hands. The area saw about $4 million less in total real estate volume in November compared to the same period last year.
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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.
Corey Chambers Los Angeles Real Estate Newsletter December 2019 SoCal Home
Wishing You Happy Holidays With The December 2019 Newsletter | PDF
Be A Bright Star. Your Referrals help kids!
How the Donation Works:
Your Referrals Help Kids!
To refer your friends, neighbors, associates or family members considering making a move, just give me a call or pass on my number to them!
Your Home Sold Guaranteed!
P.S. We love honoring our past clients like you. Read all about that at: www.ReferralsHelpKids.com .
Why I Support Children’s Hospital Los Angeles:
A Brighter Future for Livie
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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. Nb change links for December: | PDF | VIDEO
Los Angeles Real Estate – Open House Sunday Live/Work Loft 2-Story
REAL ESTATE NEWS
OPEN HOUSE L.A. LOFTS FOR SALE
200 N San Fernando Rd #115 — Open house is a great way to get to know what’s happening with the local real estate market, and to see up close and personal an outstanding place to live and work, like this 1,700 sq ft Alta Lofts condominium unit with amazing industrial character, high ceilings 17-ft, stylish concrete pillar columns, giant wall of windows with natural light. Windowed warehouse-style roll-up door opens up the wall completely. Elysian Park view facing west. This awesome loft features polished concrete floors, modern kitchen and baths, granite counter tops, stainless steel appliances, large bathrooms with tile floor, granite counter and stainless steel sink, laundry washer and dryer in unit, central A/C and heat, large walk-in closet. Gated covered parking space. Gated guest parking. Pet-friendly. Evening security guard patrol. Walk to shopping, restaurants, Metro, Elysian Park, Los Angeles River Bike Path, Frog Town Art Walk, Recreation Center Swimming Pool, Los Angeles State Historic Park. By Downtown, China Town, Elysian Park, Lincoln Heights, Brewery Lofts. Open house Sunday Dec 1 at 11:00 AM to 1:00 PM. For entry, call 213-880-9910. | VIDEO
Get a free list of loft open house addresses, dates and times. Fill out the online form:
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Real Estate Black Friday Sale – SAVE $50,000 on a Los Angeles Condo
Black Friday Sale on L.A. Lofts ends January 2, 2020
REAL ESTATE NEWS — The best deals on LA lofts have been during the holidays, when the smart, savvy buyers take advantage of the fact that most competing buyers are out of the market and not in the game during the holiday season. And WOW!!! When’s the last time we saw a Black Friday sale with $50,000 off? This is a holiday sale that investors will absolutely love. Those who are considering buying a home in November or December are in the minority because humans are like other animals in that they make fewer big moves during the winter. For the few who are thinking about moving or investing in a property, the time between Thanksgiving and New Year’s Eve can be the very best time to get a super deal because there are fewer competing buyers. When an offer is placed on an amazing loft, condominium or house during this time, the offer is more likely to be accepted. Beginning January 2, everything changes. The inventory only goes up a tiny bit, while the number of buyers shoots up in LA. For those who wait until after the new year to get started, they will find themselves caught up in a potentially more expensive auction effect that drives up prices due to the large number of buyers trying to outbid each other. This Black Friday sale locks in guaranteed savings. #blackfriday #lofts #dtla | VIDEO
$50,000 Home Purchase Savings Guarantee
For those homebuyers who not only want to find the home that perfectly suits their needs and desires… but to also purchase their dream home for the lowest possible price: Accomplish both of these goals; and here’s how it works:
For those homebuyers who not only want to find the home that perfectly suits their needs and desires… but to also purchase their dream home for the lowest possible price: Accomplish both of these goals; and here’s how it works:
Purchase a home for at least $50,000 less than the listed asking price guaranteed, or get $10,000 cash at the closing of the sale. This savings guarantee offer applies to homes over $600,000 going into escrow by Jan 2, 2020.
That’s pretty straightforward isn’t it?
This offer will not last. To get details on how to get the Black Friday $50,000 Home Purchase Savings Guarantee, request more info filling out the online form:
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Alta Lofts Update
Los Angeles, CA — Lots of construction has been happening, and now it seems to be coming to completion soon. Water intrusion issues have been repaired. The building has been painted. Safety rails have been added to the rooftop (although the rooftop is not a community space). | VIDEO 1
Those who live at 200 N San Fernando Rd, the Alta loft condominiums, tend to be attracted to the excitement and resources of Downtown Los Angeles, but they want bigger, nicer, cheaper lofts. Alta residents are creative, yet practical. They’re not fond of the idea of paying double for a loft location two miles away. They also like the relaxation, peace and quiet that is available, especially on evenings and weekends, which frenetic Downtown L.A. generally lacks. Alta residents enjoy easy access to DTLA and freeways, without feeling stuck in megalopolis madness. #alta #lofts #losangeles | FOR SALE | VIDEO 2
With spacious open lofts (most over 950 square feet), Alta gives the feeling of openness, with just enough modern luxury to provide full comfort. It’s all crowned by amazing character of concrete column pillars supporting high ceilings, lots big windows that provide great natural light and views of the city. Making it all possible and cost-effective, Alta loft prices are nearly 50% less than comparable large lofts in the center of Downtown. Alta has the additional advantage of being further away from Skid Row. Check out Alta lofts recently sold and currently for sale: RECENT ACTIVITY
Home to artists, award-winning film producers, architects, restauranteurs, entrepreneurs, city administrators, airline industry, real estate professionals, law enforcement professionals, rocket scientists and retirees, the Alta condo building shares the neighborhood of Lincoln Heights with the world’s largest artist loft rental community known as Brewery Lofts.
Get a free list of Alta lofts. #200nsanfernando
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Los Angeles Live/Work Loft 2-Story 1,700 Sq Ft For Sale
REAL ESTATE NEWS
Arts District Alternatives – Nothing beats loft living in the most creative place on earth, Los Angeles. There are some little-known industrial areas nearby that offer concrete live/work style loft conversions. One such neighborhood is the heavy-duty gritty Glendale Junction section of Lincoln Heights / China Town. In the same neighborhood where the Brewery Lofts stands as the world’s largest artist rental community with lofts for lease, the former paint factory building called Alta Lofts has amazing, extra-large 2-story lofts for sale with 17 ft high ceilings http://www.AltaLoft.com
Top 10 Loft Topics Today
Mills Act Downtown Los Angeles 3,078 Views
LOFTS FOR LEASE 152 Views
LOFTS FOR SALE 13 Views
Get a free list of live/work lofts.
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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.
LA Auto Show Downtown Los Angeles – Lofts and Condos
Welcome to L.A.! Zac of Tesla Time is here to check out all of the new electric cars and trucks at the convention center DTLA. Tickets
Tesla Cybertruck revealed in Los Angeles https://youtu.be/xP-aWNabeWQ Test Ride https://youtu.be/WFTdDLiLYgk
Lofts, condos and apartments closest to the L.A. Convention Center include OceanWide Plaza www.OceanWideDTLA.com, Flower Street Lofts www.FlowerStreetLoft.com and Luma Lofts www.LumaLoft.com and other South Park neighborhood buildings. | VIDEO
Hot Downtown Loft Topics – Today’s Top Posts
Mills Act Downtown Los Angeles 3,126 Views
LOFTS FOR LEASE 151 Views
LOFTS FOR SALE 27 Views
Downtown LA Top Rated Businesses – Companies Located in Downtown LA – Can be found at https://www.laloftblog.com/2016/01/25/downtown-los-angeles-directory-list-of-dtla-businesses-and-organizations/
Find out how much your neighbor’s condo sold for. Fill out the online form:
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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. | VIDEO
Los Angeles Lofts and Condos Best Deals Top 10 Lowest Price per Square Foot
REAL ESTATE NEWS
The best deals go quickly. That’s why the L..A. Loft Blog provides this list of the Top Ten best deals on loft condominiums in Los Angeles, starting with an amazing 1,700 sq ft bright, two-story loft with extra high ceiling for just $373.53 per square foot. PDF
1Beds
Baths 2.00(2F 0T 0H 0Q)
1,700/VNSq Ft
$373.53$/Sq Ft
Lot Size: 63,148/VN
Year Built: 1925
Area: 1375
HOA Fee 1&2: $520.00 (Monthly)
3Beds
Baths 3.00(2F 0T 1H 0Q)
2,218/APSq Ft
$473.40$/Sq Ft
Lot Size: 7,801/AP
Year Built: 2019
Area: 18
HOA Fee 1&2: $345.00 (Monthly)
Subdivision: 74229
2Beds
Baths 2.00(2F 0T 0H 0Q)
1,427/BLSq Ft
$538.89$/Sq Ft
Lot Size: 74,818/VN
Year Built: 2006
Area: 42
HOA Fee 1&2: $980.00 (Monthly)
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U.S. Foreclosures Jump
REAL ESTATE NEWS
The U.S. Housing Market Bubble Races Toward a Crash as Foreclosures Jump according to CCN.
Foreclosures in the U.S. housing market spiked in October. While mortgage rates are near an historic low, home price growth has been outpacing wage growth. This prices buyers out of the market, bringing the likelihood of a nationwide price correction or crash. While L.A. County has thus far had only a 
limited number of foreclosures, Downtown Los Angeles area condo prices have already dropped by more than 4% over the last 12 months. As the cost of living has shot up, and homeless camps have spread across California, some wealthy, along with a great many middle class families have recently been packing up and moving away. The L.A. Loft Blog has projected an additional 8% drop in Downtown area home prices over the next two years.
limited number of foreclosures, Downtown Los Angeles area condo prices have already dropped by more than 4% over the last 12 months. As the cost of living has shot up, and homeless camps have spread across California, some wealthy, along with a great many middle class families have recently been packing up and moving away. The L.A. Loft Blog has projected an additional 8% drop in Downtown area home prices over the next two years.
Find out how much the home down the street sold for. Get a free list of sold homes with prices, photos and details, along with a list of recently listed homes for sale. Fill out the online form:
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