Downtown Los Angeles Real Estate Reader Questions

Corey Chambers answers about stagflation, real estate prices, warehouses, Mills Act — and murder.Show more

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.

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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.