tag:blogger.com,1999:blog-13388946212499309122024-03-18T02:48:16.586-07:00Whit Prouty: Leader in Los Angeles Real Estate and Home Sales Whit Prouty, Inc. Compass
Beverly Hills and New York CityRandy Kirkhttp://www.blogger.com/profile/07187149342560881341noreply@blogger.comBlogger34125tag:blogger.com,1999:blog-1338894621249930912.post-62740905376857108622019-06-10T15:39:00.000-07:002019-06-10T15:39:45.623-07:00Five Reasons You Might Care that 30-year Fixed Mortgage Interest Rates Are Under 4% Again
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi2wGcyiqA_1V_0NB5gV_PNxuGQHEIvtwY_qmVxAQuIWgyKKdVGVO3KV1GmwSHudxlfpISntD6ilaGs0Wprd-_UXCizvCcjKQ4CyoGv3HQesUKVS8qlEcNbrh8gxG6WRraBmhBB1KC-hSYI/s1600/Screen+Shot+2019-06-09+at+12.56.00+PM.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="415" data-original-width="667" height="398" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi2wGcyiqA_1V_0NB5gV_PNxuGQHEIvtwY_qmVxAQuIWgyKKdVGVO3KV1GmwSHudxlfpISntD6ilaGs0Wprd-_UXCizvCcjKQ4CyoGv3HQesUKVS8qlEcNbrh8gxG6WRraBmhBB1KC-hSYI/s640/Screen+Shot+2019-06-09+at+12.56.00+PM.png" width="640" /></a></div>
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Mortgage Rates Drop one full percentage point in 2019, and
Still Headed Down</h2>
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I challenge you to find a single pundit who predicted in 2018
that we would have falling interest rates this year. But truth is often
stranger than fiction. Today we have rates that are, on average, one point
lower than they were just seven months ago at 3.85 vs 5.05. To make matters
even more interesting, the market currently believes that the Federal Reserve
is going to cut rates once or twice before the end of 2019 or early 2020. We
could be on our way to 3.5%, 30-year fixed rates. </div>
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How might this effect you and your plans:</div>
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<div class="MsoListParagraphCxSpFirst" style="mso-list: l0 level1 lfo1; text-indent: -.25in;">
<span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><span style="mso-list: Ignore;">1.<span style="font: 7.0pt "Times New Roman";">
</span></span></span>If you are planning to buy a home, this may be a
really good time. We have just found out how inexact the science can be when it
comes to predicting future rates. Many are now predicting that rates will stay
low for quite some time, but it doesn’t take much to turn that corner again. </div>
<div class="MsoListParagraphCxSpMiddle" style="mso-list: l0 level1 lfo1; text-indent: -.25in;">
<span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><span style="mso-list: Ignore;">2.<span style="font: 7.0pt "Times New Roman";">
</span></span></span>If you are planning to sell your home or other
residential property, the buyers have more buying power, by a lot. You are much
more likely to have more traffic, and your traffic will qualify for more home
than they would have six months ago. This means you are likely to get more for
your home. </div>
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<span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><span style="mso-list: Ignore;">3.<span style="font: 7.0pt "Times New Roman";">
</span></span></span>If you bought a home between January of 2018 and
March of 2019, you may be able to refinance that purchase and save. Generally,
if you can shave even ½%, you can benefit from refinancing your loan. </div>
<div class="MsoListParagraphCxSpMiddle" style="mso-list: l0 level1 lfo1; text-indent: -.25in;">
<span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><span style="mso-list: Ignore;">4.<span style="font: 7.0pt "Times New Roman";">
</span></span></span>If you have current debt from credit cards,
cars, student loans, Hero loans, or other debt with an interest rate above 7%,
it may be to your benefit to consolidate your debt in a refinance of your
entire loan, rather than using a HELOC. This will be especially true if your
current mortgage interest rate is above 4.25 and you have outstanding debts of
$25,000 or more. </div>
<div class="MsoListParagraphCxSpLast" style="mso-list: l0 level1 lfo1; text-indent: -.25in;">
<span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><span style="mso-list: Ignore;">5.<span style="font: 7.0pt "Times New Roman";">
</span></span></span>If you are over 62, you may want to consider a
reverse mortgage on your current residence and eliminate future mortgage
payments. You might also consider a reverse mortgage for the purchase of a
smaller retirement home, also with no future mortgage payments. </div>
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<div align="center" class="font9" style="line-height: 13.2pt; text-align: center;">
Call
Whit Prouty if you are ready to buy or sell a home. He will help you find the
best possible deal, and he can even help you get a great mortgage through his
many contacts in the industry. Call Whit today at <b><span style="color: #73d3f0; font-family: "Arial",sans-serif; font-size: 16.0pt;">310-777-6302</span></b><span style="font-size: 23.5pt;"></span></div>
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</style>Randy Kirkhttp://www.blogger.com/profile/07187149342560881341noreply@blogger.com60tag:blogger.com,1999:blog-1338894621249930912.post-44387871175377230462019-05-06T12:01:00.000-07:002019-05-06T12:01:26.218-07:00Five Movers of Los Angeles Residential Real Estate Prices in the Spring/Summer of 2019
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiElkgVHs3lIdLTZVD6oN4UdFXYTmvKbGN0AiHZOOuFpR42-Yf0bLKo6PocVh0_bKMOkpiDA7iUldkxV-TuxmSTnUC87rnpWpwXlMKs3xXZZqV4iWt2JAKNumyhf_kSWieqlJtZdM3r0fSb/s1600/AdobeStock_234204603.jpeg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="961" data-original-width="1600" height="384" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiElkgVHs3lIdLTZVD6oN4UdFXYTmvKbGN0AiHZOOuFpR42-Yf0bLKo6PocVh0_bKMOkpiDA7iUldkxV-TuxmSTnUC87rnpWpwXlMKs3xXZZqV4iWt2JAKNumyhf_kSWieqlJtZdM3r0fSb/s640/AdobeStock_234204603.jpeg" width="640" /></a></div>
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<span style="font-size: x-large;"> <b><span>Los Angeles Is Still a Sellers’s Market </span></b></span>
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<b style="mso-bidi-font-weight: normal;">1. The economy is
ripping along with no evidence of a slowdown anytime soon</b></h3>
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This has been a very long housing recovery. Because the
economic recovery and the housing recovery have both continued over such a long
stretch, forecasters seem more and more cautious in their predictions. So,
while you can find some who suggest that we can’t sustain 3% growth over the
balance of 2019 or into 2020, these same predictions are generally very light
on their evidence to support such claims. The Fed has been on the low side of
these predictions, but even after the 3.2% 2019 Q1 surprise, they continue to
suggest more subdued increases into 2020. </div>
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On the other hand, there are almost no predictions at this
time of a recession in the near or mid-term. Couple this with no significant
inflation, solid wage increases, plus full-employment, and everything looks
positive for consumers in the next 20 months or so. </div>
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<b style="mso-bidi-font-weight: normal;">2. Inventories of
unsold homes in Los Angeles continues to be low, though increasing</b></h3>
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We have had an imbalance of buyers to sellers for many years
now, and there is still a reluctance to sell on the part of those who own their
homes with no mortgage, low interest rates if they do have a mortgage, and
benefits of prop 13 low property tax rates. Even those who move out commonly
put properties up for rent rather than sell. </div>
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During the last 10 years, investors have also gobbled up
huge numbers of single-family dwellings and now rent them out. This has reduced
supply.</div>
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Unless something comes along to pry these homes out of the
hands of those determined to hold on for dear life, lack of supply is going to
favor the sellers. </div>
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<b style="mso-bidi-font-weight: normal;">3. Lots of money in
the hands of Gen X and Millennials – more dollars on the way</b></h3>
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Gen X may be the quiet generation, but their grandparents
and parents are starting to pass out wealth to this group. The Boomers will
transfer wealth to their kids and grandkids in unprecedented amounts. At no
time in the history of humans has there been anything like this wealth
transfer. </div>
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Millennials are now getting to that place where they are
very likely to buy. Their income is going up due to experience, they need more
space for their family, even if it is only one or two kids, and they are more
likely to be interested in a house with a yard instead of an apartment. If they
get the down payment from Mom or her trust, they are likely to want to buy
something or move into something nicer. </div>
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<b style="mso-bidi-font-weight: normal;">4. Influx of
immigrants will put additional pressure on housing in the LA residential realty
market</b></h3>
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Whether or not you want a wall is irrelevant. 2019 and 2020
will see the largest influx of legal and illegal residents ever. Don’t pay attention
to the politicians on this. The reason folks are coming here is JOBS. We have
the lowest sustained unemployment rate in history. Companies are struggling to
grow because they can’t find workers. That word gets out. Sure, some may be fleeing
difficulties, and some may actually be impressed by freedom. But whatever the
reason, there is going to be continued inflow at these levels as long as there
are jobs to attract them. </div>
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At the other end of the scale, the newly rich from all over
the world are still eyeing LA as a favorite place to settle. While there is a
bit of evidence that foreign capital for personal residences and investment has
slowed somewhat as prices have continued up and up, the overall picture is
unlikely to stay subdued. Family members will want to follow those who have
come ahead of them. </div>
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<b style="mso-bidi-font-weight: normal;">Techies are adding to
the influx of residents to the Los Angeles Real Estate Market</b></h3>
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Finally, though certainly not a small part of the story, LA
is likely to continue to be a huge destination for highly paid engineers,
programmers, content creators and related professionals in all areas of internet
and entertainment…especially where the two meet. </div>
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Silicon Beach must now include Hawthorne with SpaceX
dominating the neighborhood. There is no land left to develop, so when you have
more highly paid professionals bidding for the same number of housing units,
prices must go up. </div>
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If you are thinking of selling your home, the right realtor
will get you the highest price with the least hassle. And engaging a top-drawer
realtor costs no more than a rank beginner. Whit Prouty is ranked in the top 2%
of realtors and has written a book on how to sell your LA home. If you’d like
to discuss the value of your home or other aspects of a possible sale, Whit
will be more than happy to provide you with advice and direction. Give him a
call at <b><span style="color: red; font-family: "Arial",sans-serif; mso-fareast-font-family: "Times New Roman";">310-777-6302</span></b><span style="color: red; font-family: "Times New Roman",serif; mso-fareast-font-family: "Times New Roman";"></span></div>
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</style>Randy Kirkhttp://www.blogger.com/profile/07187149342560881341noreply@blogger.com21tag:blogger.com,1999:blog-1338894621249930912.post-86609144045372955622019-03-27T16:25:00.000-07:002019-03-27T16:25:20.866-07:002019 2020 Los Angeles Real Estate Comprehensive Report - Still a Buyer's Market Though Cooling<div class="MsoNormal">
The most amazing thing about the following prognostications
regarding the Los Angeles Real Estate Market in 2019-2020 is that economics 101 is
driving every single one of them. Here’s the list. The detailed explanations
follow.</div>
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<br /></div>
<div class="MsoListParagraphCxSpFirst" style="text-indent: -0.25in;">
<span style="font-size: small;"><b>1.<span style="font-family: "times new roman"; font-stretch: normal; font-style: normal; font-variant: normal; line-height: normal;">
</span>Prices of all homes in all price categories in
all neighborhoods will continue up </b></span></div>
<span style="font-size: small;"><b>
</b></span><br />
<div class="MsoListParagraphCxSpMiddle" style="text-indent: -0.25in;">
<span style="font-size: small;"><b>2.<span style="font-family: "times new roman"; font-stretch: normal; font-style: normal; font-variant: normal; line-height: normal;">
</span>Rents will also be up, except maybe in DTLA</b></span></div>
<span style="font-size: small;"><b>
</b></span><br />
<div class="MsoListParagraphCxSpMiddle" style="text-indent: -0.25in;">
<span style="font-size: small;"><b>3.<span style="font-family: "times new roman"; font-stretch: normal; font-style: normal; font-variant: normal; line-height: normal;">
</span>Mortgage interest rates will continue steady at
least through 2019</b></span></div>
<span style="font-size: small;"><b>
</b></span><br />
<div class="MsoListParagraphCxSpMiddle" style="text-indent: -0.25in;">
<span style="font-size: small;"><b>4.<span style="font-family: "times new roman"; font-stretch: normal; font-style: normal; font-variant: normal; line-height: normal;">
</span>Inventory of homes for sale and rental units
will be similar to 2017. Extremely limited</b></span></div>
<span style="font-size: small;"><b>
</b></span><br />
<div class="MsoListParagraphCxSpMiddle" style="text-indent: -0.25in;">
<span style="font-size: small;"><b>5.<span style="font-family: "times new roman"; font-stretch: normal; font-style: normal; font-variant: normal; line-height: normal;">
</span>Inglewood and Hawthorne will be the next cities
to gentrify</b></span></div>
<span style="font-size: small;"><b>
</b></span><br />
<div class="MsoListParagraphCxSpMiddle" style="text-indent: -0.25in;">
<span style="font-size: small;"><b>6.<span style="font-family: "times new roman"; font-stretch: normal; font-style: normal; font-variant: normal; line-height: normal;">
</span>The working poor and middle class will be forced out into the
Inland Empire</b></span></div>
<span style="font-size: small;"><b>
</b></span><br />
<div class="MsoListParagraphCxSpLast" style="text-indent: -0.25in;">
<span style="font-size: small;"><b>7.<span style="font-family: "times new roman"; font-stretch: normal; font-style: normal; font-variant: normal; line-height: normal;">
</span>DTLA to WLA will become like San Jose…almost
recession proof</b></span></div>
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If you are interested in this article, then it is likely
that you are actively watching the real estate scene in Los Angeles. If so, you
might think the above seven predictions aren’t all that surprising. But if you
are a residential real estate owner, or you plan to either buy or sell in this
market, then you might be looking for confirmation of your own ideas of what
lies ahead. </div>
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<br /></div>
<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: right; margin-left: 1em; text-align: right;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi59bNUg1FVujMhcFg3bCPHOYvIQhclBr8KPROIH4upPwDH8zCrjvukwES7ttkDBHvBC8rVCyF9CYTDnTn4WjvC80crE2pVAB36wKXuJG3sIfH7zkfhCA2nz_4xma4Q2kmndNkKCCncPAib/s1600/Screen+Shot+2017-12-01+at+3.11.57+PM.png" style="clear: right; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" data-original-height="608" data-original-width="1344" height="288" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi59bNUg1FVujMhcFg3bCPHOYvIQhclBr8KPROIH4upPwDH8zCrjvukwES7ttkDBHvBC8rVCyF9CYTDnTn4WjvC80crE2pVAB36wKXuJG3sIfH7zkfhCA2nz_4xma4Q2kmndNkKCCncPAib/s640/Screen+Shot+2017-12-01+at+3.11.57+PM.png" width="640" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Silcon Beach exploding with tech companies https://uclavcfund.files.wordpress.com/2014/11/page1image14392.png</td></tr>
</tbody></table>
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For the most part, this article will examine the Los Angeles
market from Downtown Los Angeles (DTLA) to the beaches and from Malibu to Seal
Beach. Neighborhoods south of DTLA the 10 fwy) are under pressure to gentrify,
but there is political pressure to stop that from happening. The neighborhoods
east of DTLA will all be inventory challenged, but not in the way that we will
continue to see in the DTLA to Santa Monica area. </div>
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<br /></div>
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If you agree with this list, or if you disagree in whole or
in part, we’d love to see your thoughts in the comments. </div>
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<br /></div>
<div class="MsoListParagraph" style="mso-list: l0 level1 lfo2; text-indent: -.25in;">
<b style="mso-bidi-font-weight: normal;"><span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><span style="mso-list: Ignore;">1.<span style="font: 7.0pt "Times New Roman";"> </span></span></span></b><b style="mso-bidi-font-weight: normal;">Prices of all homes in all price categories
in all neighborhoods will continue up </b></div>
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<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
At the core of all markets we know that
supply, demand, and price are forever linked. If supply outstrips demand,
prices will fall. If prices go up too far, it creates downward pressure on
demand. We have not reached either of those points yet. Whether you define the
neighborhoods under discussion as the Wilshire corridor, the 10 fwy corridor or
maybe, more expansively, Silicon Beach, the lack of land available for
development is not ever going to change. </div>
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<br /></div>
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhh1VC1_hGsreu7cOfvAua-8Z5DhUdQfrax6TXVkKqTMr7XtH0HjodmUxpsxNcZdCI6fNbGuZcYjnLuvCoQBGzTTNj6E-E5C6Ko-r9kTrY-qyhIY4pxu4J_6uHfzeDcxV_NrLI9BIOyDTbH/s1600/AdobeStock_90005830.jpeg" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="511" data-original-width="1600" height="127" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhh1VC1_hGsreu7cOfvAua-8Z5DhUdQfrax6TXVkKqTMr7XtH0HjodmUxpsxNcZdCI6fNbGuZcYjnLuvCoQBGzTTNj6E-E5C6Ko-r9kTrY-qyhIY4pxu4J_6uHfzeDcxV_NrLI9BIOyDTbH/s400/AdobeStock_90005830.jpeg" width="400" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Los Angeles has no place left to build except to increase density</td></tr>
</tbody></table>
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When there is no land available,
supply can only be increased through leveling existing property, and that is
happening. However, it takes far longer to increase residential units by
increasing density than it does to develop raw land. Therefore, it seems likely
that Silicon Beach will mirror New York City or San Francisco. When the land is
virtually 100% developed, prices resist downward pressure except in the most
extreme recessions. </div>
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<br /></div>
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><img border="0" data-original-height="384" data-original-width="750" height="203" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZsLtnn3-AahKImQI9KfV4tbdtQMsBWmGBLPkWDNUiaehLmeoP16tuuBjtkoInemN3yS3g-U5wGcehPXDQA6rHHKBh2MzjVE5eh8WZk8u4I0l814lazItn-RGDzAP1_6Dwu-Bc1ughk24q/s400/Screen+Shot+2017-12-01+at+3.20.15+PM.png" style="margin-left: auto; margin-right: auto;" width="400" /></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Los Angeles 3rd highest Nominal GDP</td><td class="tr-caption" style="text-align: center;"><br /></td></tr>
</tbody></table>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
The other side of the equation is
demand. Los Angeles has finally become a world class city. Through a bit of
luck the necessary combination of location, culture, educational facilities,
and infrastructure have all come together in the last 10 years. You could say
this happened when the tech industries closed the gap between Santa Monica and
Marina Del Rey. Everyone knew that someday Venice beach would have to gentrify.
When that happened and Playa Vista was developed simultaneously, Silicon Beach
was born, and the entire region was impacted.</div>
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<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
Now the demand for housing comes
from the tech influx in addition to wealthy international buyers who want a
home in the newest world class city. For this demand to drop would require a
huge international recession. And, of course, these are generally short lived.
One could imagine prices being shaved for a short time by 20 – 30%, but they
would inexorably begin up again after the recession ended. </div>
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<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
Price pressure is the third
component. The prices might get so high that the rational buyer or the
incremental buyer is priced out. They’d rather live in Long Beach, San Diego,
or some other beach community. Anything is possible, but the prices in these
areas are not enough lower at this time to draw folks away from the wide
beaches of Santa Monica and Venice. </div>
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<br /></div>
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<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjsshqdEGVe67hKzwqgRCenRg8qppr7W1Z8xy3idbMycwxhZu56w8-TLplpB5W6bI4R_na1v4OUgejPtIzaJm9j4nT70ncBELc4d0HCMRbUtse_nW9664sMg2QWHqUvWGNxvC43W6Dl1hIR/s1600/Screen+Shot+2017-07-17+at+10.02.59+AM.png" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="130" data-original-width="100" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjsshqdEGVe67hKzwqgRCenRg8qppr7W1Z8xy3idbMycwxhZu56w8-TLplpB5W6bI4R_na1v4OUgejPtIzaJm9j4nT70ncBELc4d0HCMRbUtse_nW9664sMg2QWHqUvWGNxvC43W6Dl1hIR/s1600/Screen+Shot+2017-07-17+at+10.02.59+AM.png" /></a></div>
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<br /></div>
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<br /></div>
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<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
Moreover, the other tech cities
along the coast have higher housing prices without the amazing weather,
entertainment, cultural facilities, educational options, not to mention
mountain and deserts playgrounds.<span style="mso-spacerun: yes;"> </span></div>
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<br /></div>
<div class="MsoListParagraph" style="mso-list: l0 level1 lfo2; text-indent: -.25in;">
<b style="mso-bidi-font-weight: normal;"><span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><span style="mso-list: Ignore;">2.<span style="font: 7.0pt "Times New Roman";"> </span></span></span></b><b style="mso-bidi-font-weight: normal;">Rents will also be up, except maybe in DTLA</b></div>
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<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
Econ 101 tells us about rents as
well. Supply, demand, price. Then you add in one more component…housing prices.
There are two reasons why housing prices effect rent. One is that tenants have
the choice to become owners, so there is always an equation that makes that
choice more appealing. It isn’t all about finance, of course. There are plenty
of emotional and practical elements, too. But the financial one is key even
then. </div>
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<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
If the economics of owning a home
became so much better than renting, then the practical aspects, such as length
of planned occupancy, change. It becomes practical to own even if you only think
you’ll be in that home for four years instead of five. </div>
<div class="MsoNormal" style="margin-left: .5in;">
<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
The other side of the rent vs buy
story is the landlord’s equation. The cost of the property must be low enough
compared to the rent to provide the landlord with an appropriate return on
investment. As rents go up, so does the cost the landlord is willing to pay,
and vice-versa.<span style="mso-spacerun: yes;"> </span></div>
<div class="MsoNormal" style="margin-left: .5in;">
<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
The same factors driving up home
prices are driving up rents. <a href="http://www.ocregister.com/2017/11/13/apartment-boom-construction-hits-26-year-high-as-renter-numbers-soar/">The
only place in LA where there might be enough new apartments to meet demand is
DTLA.</a> And that oversupply, if it is one, might be very short lived. If
developers can’t cross south of the 10 fwy, and the LA City Council voted in
November 2017 to make it much harder, there won’t be enough places to build
more apartments. But in the short term, there might be a little give back on
rents in DTLA.</div>
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<br /></div>
<div class="MsoListParagraph" style="mso-list: l0 level1 lfo2; text-indent: -.25in;">
<b style="mso-bidi-font-weight: normal;"><span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><span style="mso-list: Ignore;">3.<span style="font: 7.0pt "Times New Roman";"> </span></span></span></b><b style="mso-bidi-font-weight: normal;">Mortgage interest rates will continue
steady at least through the end of 2019</b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
Can you find one pundit who, in
2012 or 2015 or even early 2017 would have estimated we’d still be under 5% for
30-year fixed mortgages? But here we are. We continue at these historic low
rates, even in the face of Fed tightening and the beginning of the Fed selling
off mortgages to reduce the huge overhang of assets that it has been carrying. Now the Fed has said they will stay neutral for the rest of 2019, which caused a drop in rates that should continue through the rest of 2019<br />
<br />
The economy may get going again later this year, which could result in bond interest rates increasing, even if the Fed stays neutral. I don't expect mortgage rates to be above March 2019 levels for the rest of 2019. However, some tightening could start to drive rates higher in 2020. Expect the Trump administration to try and jawbone down any such increases, since a slowing housing market could hurt reelection chances. </div>
<div class="MsoNormal" style="margin-left: .5in;">
<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
Why are mortgage rates still so
low, and why might we get another year of only slight increases? Econ 101
again. The folks demand to receive “real” returns on their safe investments of
about 2%. So if inflation is at zero, or close to zero, then real interest
rates for treasuries and super-secure bonds will be around 2%. Mortgage lenders
need to charge more than that, as home mortgages are not as secure as US
treasuries. </div>
<div class="MsoNormal" style="margin-left: .5in;">
<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
What is the spread between inflation
and mortgage rates. Around 3%. So an argument can be made that interest rates
should be closer to 5% with inflation now moving towards 2%. </div>
<div class="MsoNormal" style="margin-left: .5in;">
<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
And there is every reason to
believe that this will take place over the next few years as the economy continues to
heat up and wages begin to climb faster. <a href="https://hbr.org/2017/10/why-wages-arent-growing-in-america">Wage inflation has been the missing component</a>, but is now starting to kick in.
Too many folks were out of the labor market or working way below their skill level.
That gap is starting to close and wages are starting to move to where they should be when
unemployment is so low. It will probably happen this year or next. </div>
<div class="MsoNormal" style="margin-left: .5in;">
<br /></div>
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgxwjQZW8Ae8xO7zDNCD00wZzQkkUSp7Zbp3l_9IMg3iEABznT1fs6JX59KTO34OSZzLoiinV9I5peJ-VtqVyqUWUyPy_mbJ5v7utHQblEy_Z3ECc8iCX6CcI7btRjyNMXsn26w10J8XU3G/s1600/Screen+Shot+2017-12-01+at+4.24.03+PM.png" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="441" data-original-width="874" height="201" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgxwjQZW8Ae8xO7zDNCD00wZzQkkUSp7Zbp3l_9IMg3iEABznT1fs6JX59KTO34OSZzLoiinV9I5peJ-VtqVyqUWUyPy_mbJ5v7utHQblEy_Z3ECc8iCX6CcI7btRjyNMXsn26w10J8XU3G/s400/Screen+Shot+2017-12-01+at+4.24.03+PM.png" width="400" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">CPI in 2017 - Just barely 2% with recent months lower</td></tr>
</tbody></table>
<div class="MsoNormal" style="margin-left: .5in;">
So the bond market doesn’t believe
in 2% inflation yet. Thus mortgages for around 4%. There is also a supply demand
issue for the mortgages themselves. Far fewer mortgages are being written,
because home purchases and refinances are way down. This means too many
mortgage companies chasing too few mortgages. That is not likely to continue.
Markets generally close such gaps. </div>
<div class="MsoNormal" style="margin-left: .5in;">
<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
Figure mortgages around 4% all of 2019. Then we might see 4.5%. If wage
inflation hits 2% or more for two quarters in a row, then 5% could happen in
2020 or 2021.</div>
<div class="MsoNormal" style="margin-left: .5in;">
<br /></div>
<div class="MsoListParagraph" style="mso-list: l0 level1 lfo2; text-indent: -.25in;">
<b style="mso-bidi-font-weight: normal;"><span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><span style="mso-list: Ignore;">4.<span style="font: 7.0pt "Times New Roman";"> </span></span></span></b><b style="mso-bidi-font-weight: normal;">Inventory of homes for sale and rent will
be similar to 2018. Extremely limited</b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
<b style="mso-bidi-font-weight: normal;">Wh</b>en the market for anything gets really tight, and the prices start
getting really high, those who own the thing commonly start thinking about
cashing out. After this huge run up in housing prices, why aren’t folks in LA
cashing out. The list is very, very long</div>
<div class="MsoNormal" style="margin-left: .25in;">
<br /></div>
<div class="MsoListParagraphCxSpFirst" style="margin-left: 1.25in; mso-add-space: auto; mso-list: l2 level1 lfo3; text-indent: -.25in;">
<span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><span style="mso-list: Ignore;">A.<span style="font: 7.0pt "Times New Roman";">
</span></span></span>Where will they move? Housing gridlock. “I can’t
sell because there is nothing I want to buy.” It is possible that some wave
effect might occur where a bunch of folks decide to sell, and then there’s
enough inventory, which opens up another wave. This could happen because of a
fear of recession or future downward pressure on prices. This does not seem
likely. If you can afford to live in LA, there is not much motivation to leave.
If you do want a larger or smaller house, or one that is in another
neighborhood, you haven’t increased the local inventory at all.</div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: 1.25in; mso-add-space: auto; mso-list: l2 level1 lfo3; text-indent: -.25in;">
<span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><span style="mso-list: Ignore;">B.<span style="font: 7.0pt "Times New Roman";">
</span></span></span>No mortgage. A very high percentage of the
owners in LA have no mortgage or a very low mortgage with very low payments.
There is absolutely no incentive to move. </div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: 1.25in; mso-add-space: auto; mso-list: l2 level1 lfo3; text-indent: -.25in;">
<span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><span style="mso-list: Ignore;">C.<span style="font: 7.0pt "Times New Roman";">
</span></span></span>Low mortgage interest rate. No incentive to pay
for a new mortgage that might be a point higher than now.</div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: 1.25in; mso-add-space: auto; mso-list: l2 level1 lfo3; text-indent: -.25in;">
<span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><span style="mso-list: Ignore;">D.<span style="font: 7.0pt "Times New Roman";">
</span></span></span>Low property taxes – prop 13. If you move, you
are now paying current year property taxes rather than what might be
substantially lower taxes. </div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: 1.25in; mso-add-space: auto; mso-list: l2 level1 lfo3; text-indent: -.25in;">
<span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><span style="mso-list: Ignore;">E.<span style="font: 7.0pt "Times New Roman";">
</span></span></span>Cost of moving. Currently it will cost the
average owner $70,000 or more to sell an existing $1M home and buy another. For
some who bought that same home for $300,000, $70,000 seems like a lot of money.
</div>
<div class="MsoListParagraphCxSpLast" style="margin-left: 1.25in; mso-add-space: auto; mso-list: l2 level1 lfo3; text-indent: -.25in;">
<span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><span style="mso-list: Ignore;">F.<span style="font: 7.0pt "Times New Roman";">
</span></span></span>Been in the house for a very long time. Westside
residents, in particular, tend to live in their homes for a very long time.
Moving means uprooting friendships, learning new neighborhoods, etc. </div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
We’ve already noted that inventory
is not going to grow from new construction. With the exception of DTLA, there
is no part of Los Angeles County where building permits are even hinting at the
kind of new units that would begin to catch up with demand. </div>
<div class="MsoNormal" style="margin-left: .25in;">
<br /></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoListParagraph" style="mso-list: l0 level1 lfo2; text-indent: -.25in;">
<b style="mso-bidi-font-weight: normal;"><span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><span style="mso-list: Ignore;">5.<span style="font: 7.0pt "Times New Roman";"> <a href="http://www.latimes.com/business/la-fi-hawthorne-real-estate-20171215-story.html"> </a></span></span></span></b><a href="http://www.latimes.com/business/la-fi-hawthorne-real-estate-20171215-story.html"><b style="mso-bidi-font-weight: normal;">Inglewood and Hawthorne will be the nextcities to gentrify</b></a></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
You want a sure bet in real estate.
Think back to Venice in 2005. Santa Monica and Mar Vista were sold out. Culver
City had the fastest rising cost of housing in the state. Marina Del Rey was
sold out. Playa Vista was an old helicopter testing field and wildlife
preserve. Venice was surrounded and it was a gang-infested hell hole. Property
was dirt cheap and it was walking distance to some of the best beaches on
earth. What would one guess could happen someday.<br />
</div>
<div class="MsoNormal" style="margin-left: .5in;">
Fast forward to 2019. Venice has
the highest cost per square foot for housing in Los Angeles. Playa Vista is
sold out and is moving north into the seedy part of Culver City. (homes are
only $1,100,000.) Westchester is gentrifying quickly. The airport is being
remodeled. The Crenshaw line is being constructed. The forum has new life. The
Rams and Chargers will be playing in Inglewood shortly. </div>
<div class="MsoNormal" style="margin-left: .5in;">
<br /></div>
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjs_wYdrRfL5ZxHwn8Iu_A2ugHP9ZWlcmWjGnzZaaMZ210Vm8CzIfrua32oFd3bylqVBUf0reyQ_igDhV8oQcdytBUnkf5mLaEri0D_jdEt4l8XtLair8JDVKRmelXwZB7QQVZmer9Q_M0R/s1600/Screen+Shot+2017-12-01+at+4.30.54+PM.png" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="469" data-original-width="833" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjs_wYdrRfL5ZxHwn8Iu_A2ugHP9ZWlcmWjGnzZaaMZ210Vm8CzIfrua32oFd3bylqVBUf0reyQ_igDhV8oQcdytBUnkf5mLaEri0D_jdEt4l8XtLair8JDVKRmelXwZB7QQVZmer9Q_M0R/s400/Screen+Shot+2017-12-01+at+4.30.54+PM.png" width="400" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">City of Champions Stadium will force gentrification in Inglewood and Hawthorne</td></tr>
</tbody></table>
<div class="MsoNormal" style="margin-left: .5in;">
Most of Inglewood and Hawthorn
could use some gentrification. And the owners of the Rams certainly saw the
potential for Westward expansion of Silicon Beach. Will it take a year or five
years? Hard to know, but there is no place else left to go. Inglewood has passed a short term rent control measure due to exploding rents. This expansion
might go all the way to the 10 fwy at La Brea – Crenshaw, but it will start in
Inglewood.<br />
</div>
<div class="MsoNormal" style="margin-left: .5in;">
Hawthorne also benefits from the
stadium and the eastward expansion. In addition, it is also home to SpaceX and
the boring company. Who knows what impact Elon Musk might have on Hawthorne as
it becomes the starting point for the new car movers under the 405 freeway?
Already support companies for SpaceX are eating up industrial property in the
area. And you need to house all those engineers and skilled workers. </div>
<div class="MsoNormal" style="margin-left: .5in;">
<br /></div>
<div class="MsoListParagraph" style="mso-list: l0 level1 lfo2; text-indent: -.25in;">
<b style="mso-bidi-font-weight: normal;"><span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><span style="mso-list: Ignore;">6.<span style="font: 7.0pt "Times New Roman";"> </span></span></span></b><b style="mso-bidi-font-weight: normal;">The working poor and middle class will be forced out into
the Inland Empire</b></div>
<div class="MsoNormal" style="margin-left: .5in;">
<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
What do you do if you can’t afford
$1500 a month for a bachelor or $2000 a month for a one bedroom in Silicon
Beach. You either have to move to poorer neighborhoods, go into the valleys, or
go much further east.<br />
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhs0lRp7DHBHVt2Tem9mEqX7xbcQbaO7byu9qDPxEXlAO_Qw6KyIhp3BXkkSTI4xRX7JeO2APbRBJ3163nJ6fyLPERIBxevlfTloyY3mU7yqEcWzjR6XZiJPmNlYl1ckjL3l9f-OJWLMeTv/s1600/Screen+Shot+2017-12-07+at+11.31.46+AM.png" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="632" data-original-width="945" height="267" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhs0lRp7DHBHVt2Tem9mEqX7xbcQbaO7byu9qDPxEXlAO_Qw6KyIhp3BXkkSTI4xRX7JeO2APbRBJ3163nJ6fyLPERIBxevlfTloyY3mU7yqEcWzjR6XZiJPmNlYl1ckjL3l9f-OJWLMeTv/s400/Screen+Shot+2017-12-07+at+11.31.46+AM.png" width="400" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">The Inland Empire leads by far as destination for buyers leaving primary markets</td></tr>
</tbody></table>
</div>
<div class="MsoNormal" style="margin-left: .5in;">
<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
There are places in South Central
that are now improving due to the same pressures that are creating improvements
on the West Side; not enough room for the folks who can afford more. Thus those
who can’t afford more have to move where the housing is affordable. </div>
<div class="MsoNormal" style="margin-left: .5in;">
<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
There are also places in the Valleys
that are more affordable, but only by a few hundred dollars per month. There
isn’t really much space to add more housing in San Fernando or San Gabriel. So
rents and home prices are high in the better neighborhoods. </div>
<div class="MsoNormal" style="margin-left: .5in;">
<br /></div>
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEit_XabYQUNufH_X7TeAusVQgXl8TQCx-uFZkvIjinV9eSsOL1j7hZZwZ40oaJaAJU6DmF1u7RbeF9Ct_pyj5YN71K7dUcir-ngqcH-6BveULAZEk-eaJIqTN6eD6YOsUPkmc9UDf9o1uUj/s1600/Screen+Shot+2017-12-01+at+4.35.17+PM.png" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="504" data-original-width="808" height="248" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEit_XabYQUNufH_X7TeAusVQgXl8TQCx-uFZkvIjinV9eSsOL1j7hZZwZ40oaJaAJU6DmF1u7RbeF9Ct_pyj5YN71K7dUcir-ngqcH-6BveULAZEk-eaJIqTN6eD6YOsUPkmc9UDf9o1uUj/s400/Screen+Shot+2017-12-01+at+4.35.17+PM.png" width="400" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Distribution and logistics facilities eating up land in Inland Empire</td></tr>
</tbody></table>
<div class="MsoNormal" style="margin-left: .5in;">
Where can you go? There’s still a
lot of land in Ontario, Riverside, San Bernadino, Moreno<span style="mso-spacerun: yes;"> </span>Valley and surrounding areas. But there is an
explosion of industrial building in these regions as this area has become the
distribution center capital of the US. 2,000,000 square foot buildings are
eating up land in great gobs. Even so, Riverside is currently seeing the
largest number of new residential dwellings in the Southland. Housing is only
half the cost of West LA in Riverside, and less than that in the neighboring
cities. Watch this area explode in the next 5 years.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoListParagraph" style="mso-list: l0 level1 lfo2; text-indent: -.25in;">
<b style="mso-bidi-font-weight: normal;"><span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><span style="mso-list: Ignore;">7.<span style="font: 7.0pt "Times New Roman";"> </span></span></span></b><b style="mso-bidi-font-weight: normal;">DTLA to WLA will become like San
Jose…almost recession proof</b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
Los Angeles almost averted the 1991
recession. Unfortunately there was a corresponding reduction in military
spending which undermined the employment of engineers and skilled workers. </div>
<div class="MsoNormal" style="margin-left: .5in;">
<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
The 2000 recession was caused by
the dot com bust, and LA was hit pretty good due to heavy reliance on a broad
array of dot come issues. </div>
<div class="MsoNormal" style="margin-left: .5in;">
<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
The 2008 recession hit LA, but not
as hard as Phoenix or Miami. If you look at those recessions, the areas that
did best were those that had diverse economies and no more land. San Francisco
and NYC saw prices drop, but not as much and the rebound was faster. </div>
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiDHGeNu5lE0niPdOc6QXRTATZDJLVzfwNh_bs3UlRRomPvsnC7K_OTPBiGrwpcHaCQUHoStLL3hd27eJXjn6coQ3376wXSivcErt7GD-y89SCUIGCWYpaI4wEfTIlPbPGqlRAaybOO_i3n/s1600/Screen+Shot+2017-12-01+at+4.44.29+PM.png" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="455" data-original-width="812" height="356" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiDHGeNu5lE0niPdOc6QXRTATZDJLVzfwNh_bs3UlRRomPvsnC7K_OTPBiGrwpcHaCQUHoStLL3hd27eJXjn6coQ3376wXSivcErt7GD-y89SCUIGCWYpaI4wEfTIlPbPGqlRAaybOO_i3n/s640/Screen+Shot+2017-12-01+at+4.44.29+PM.png" width="640" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Hi Tech and Entertainment need one another. They've come together in LA</td></tr>
</tbody></table>
<br />
<div class="MsoNormal" style="margin-left: .5in;">
LA may be reaching that point. The
economy is now very diverse. Certainly some kind of tech based recession would
hurt. But LA and its neighbors are now the number 1 tourist destination in the
world. The entertainment sector is actually being helped by the tech infusion,
as the two often need one another. </div>
<div class="MsoNormal" style="margin-left: .5in;">
<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
The distribution centers in the Inland
Empire are driving massive increases in the ports and all types of
transportation businesses associated with distribution. Will we see hyperloops
built to move freight from LA and Long Beach Harbors to Ontario? Will headless
trucks be driving in special lanes? Or will drones be the answer?</div>
<div class="MsoNormal" style="margin-left: .5in;">
<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
The future of LA seems secure.
Nothing is certain, of course. But it is an exciting time for Silicon Beach. </div>
<div class="MsoNormal" style="margin-left: .5in;">
<br /></div>
<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: right; margin-left: 1em; text-align: right;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEioCPMWEtH9WG7_air7FQyiKZ6sAU1NRwRgzLkxXJ1Ky9xhDEUFevhc3CXmRoc_fRDcrjqn3sM6xzdIBhAmnGp5eGJ9i780P5kJuaM1JdHVatnwfdZ9Zx63K7-Dj_BbMsUpZ8exutFWkH8z/s1600/Whit+book+cover.jpg" style="clear: right; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" data-original-height="452" data-original-width="350" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEioCPMWEtH9WG7_air7FQyiKZ6sAU1NRwRgzLkxXJ1Ky9xhDEUFevhc3CXmRoc_fRDcrjqn3sM6xzdIBhAmnGp5eGJ9i780P5kJuaM1JdHVatnwfdZ9Zx63K7-Dj_BbMsUpZ8exutFWkH8z/s320/Whit+book+cover.jpg" width="247" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Buy it at <span style="font-size: x-small;"><span style="font-family: "helvetica neue" , "arial" , "helvetica" , sans-serif;"><a class="vglnk" href="http://bit.ly/LARealtor" rel="nofollow">http://bit.ly/LARealtor</a></span></span></td></tr>
</tbody></table>
<b><span style="color: blue;">If you are looking to buy or sell a
home In the Silicon Beach area, Whit Prouty wrote the book. <a href="http://bit.ly/LARealtor">Check out his newbook, “10 Keys to Selling Your LA Home,” on Amazon.com. </a></span></b><br />
<b><span style="color: blue;">You can set an appointment to
discuss your real estate needs by calling Whit at
310-777-6302</span></b><br />
<br />
If you liked this article, you might also like:<br />
<br />
<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: left; margin-right: 1em; text-align: left;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj_lA_haDJHu0q83VKDywdEgny6bU3AlXax0bGMBQOR6hCFDhovvsf-BBdB6fNJO8Ebt4Lw2Vb1PndX9bTADjynCnXQTdX87qWvV0ASXCszbjIU27lH9vu3ixeZ2gvIyXHmFJW5npoOQT3E/s1600/Screen+Shot+2017-12-01+at+4.49.43+PM.png" style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" data-original-height="364" data-original-width="661" height="176" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj_lA_haDJHu0q83VKDywdEgny6bU3AlXax0bGMBQOR6hCFDhovvsf-BBdB6fNJO8Ebt4Lw2Vb1PndX9bTADjynCnXQTdX87qWvV0ASXCszbjIU27lH9vu3ixeZ2gvIyXHmFJW5npoOQT3E/s320/Screen+Shot+2017-12-01+at+4.49.43+PM.png" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">http://blog.whitprouty.com/2017/08/housing-gridlock-baby-boomers-staying.html <br />
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<a href="https://www.realtor.com/news/trends/housing-trends-2018/"><br /></a>
</div>
Randy Kirkhttp://www.blogger.com/profile/07187149342560881341noreply@blogger.com254tag:blogger.com,1999:blog-1338894621249930912.post-74613072575928030092019-01-24T17:21:00.000-08:002019-02-14T14:29:12.998-08:00Reduced to $4750/mth. Lease this Luxury Wilshire Blvd, Westwood Condo with Spectacular Rooftop Views and All Amenities <div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjVD5qtEwzIYmeAaER-1jd5ptTSdyxevFxpUnHLCIOL_llqqcZNzhxwC_6EvwSkxwToTxcHGNSzegnZCNDYI0Yu60zskm46krppc9MtzMCH7zfIwKksido21VQAdhUxV69NyKIVs_YZr2BV/s1600/Screen+Shot+2019-01-24+at+4.17.00+PM.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="649" data-original-width="944" height="440" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjVD5qtEwzIYmeAaER-1jd5ptTSdyxevFxpUnHLCIOL_llqqcZNzhxwC_6EvwSkxwToTxcHGNSzegnZCNDYI0Yu60zskm46krppc9MtzMCH7zfIwKksido21VQAdhUxV69NyKIVs_YZr2BV/s640/Screen+Shot+2019-01-24+at+4.17.00+PM.png" width="640" /> </a></div>
<div class="separator" style="clear: both; text-align: center;">
Imagine yourself in beautiful Westwood Village on iconic Wilshire Blvd. The condo is perfectly appointed in every possible way, but you are living at the crossroads of West LA. DTLA, Santa Monica, Venice, the new Ram's stadium, beaches, Bel Air, Rodeo Dr. are all just minutes from your new rental. Maybe you don't want to get in your car at all. Westwood Village has every possible entertainment venue, dining option, and shopping potential. you could ask for. What about the unit and the building. </div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhf1rhYPWwOjZFlymjJCluJqXB_ZtqrwpC5ztPvrNpj419cbsv4MgERy5t92Fbaqd4_NED5zW6ZgFqGxmkxsoCTk0NbraeKnhXECSflUsDlQ8cn0s5pi-dqJgVpUHuZ6wtvvzxDug1zkDrj/s1600/Screen+Shot+2019-01-24+at+4.17.34+PM.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="648" data-original-width="1064" height="388" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhf1rhYPWwOjZFlymjJCluJqXB_ZtqrwpC5ztPvrNpj419cbsv4MgERy5t92Fbaqd4_NED5zW6ZgFqGxmkxsoCTk0NbraeKnhXECSflUsDlQ8cn0s5pi-dqJgVpUHuZ6wtvvzxDug1zkDrj/s640/Screen+Shot+2019-01-24+at+4.17.34+PM.png" width="640" /></a></div>
<br />
<span style="background-color: white; color: black; display: inline; float: none; font-family: "open sans" , sans-serif , "arial"; font-size: 12px; font-style: normal; font-weight: normal; letter-spacing: normal; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;"><span style="font-size: large;">You will be leasing a fully furnished and tastefully decorated, beautifully updated and
open, 2 bedrooms and 2 bathrooms in the prestigious Westholme on the
Wilshire Corridor. </span></span><br />
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
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<br /></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg5vZuSw1DctSlMXiNxM2ej5o3FPFO6Aq4Nh6YB1khnDjZOZOzSCaFze-IvkEs6PSYhDgwVW_yWatNFcoNJa8tWiRrPZdmGZyx393Db9MAqRm3AfuAHfXwitGdSg-BxCtOTPzjJKQ2VpcaK/s1600/Screen+Shot+2019-01-24+at+4.17.19+PM.png" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="640" data-original-width="1071" height="191" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg5vZuSw1DctSlMXiNxM2ej5o3FPFO6Aq4Nh6YB1khnDjZOZOzSCaFze-IvkEs6PSYhDgwVW_yWatNFcoNJa8tWiRrPZdmGZyx393Db9MAqRm3AfuAHfXwitGdSg-BxCtOTPzjJKQ2VpcaK/s320/Screen+Shot+2019-01-24+at+4.17.19+PM.png" width="320" /></a> <span style="font-size: large;"><span style="background-color: white; color: black; display: inline; float: none; font-family: "open sans" , sans-serif , "arial"; font-style: normal; font-weight: normal; letter-spacing: normal; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">This gorgeous unit has dark wood floors, an open
remodeled kitchen with stainless appliances and in-unit laundry, dining
room, living room with fireplace and access to balcony</span></span><span style="background-color: white; color: black; display: inline; float: none; font-family: "open sans" , sans-serif , "arial"; font-size: 12px; font-style: normal; font-weight: normal; letter-spacing: normal; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;"></span><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgztWBChAWimKIfz2svkqrLw92n1S5tZSfNq7L7eOPMKQWVNPOhc9nUZktbzIKUB1lnMXMscupPPmpHVFZgv0PqhTOtTbBZfgScgO9IdaYEFdZCTPGEdIky-3G2JJIQp5KIqYs4uhrAGZqe/s1600/Screen+Shot+2019-01-24+at+4.17.55+PM.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="652" data-original-width="1075" height="194" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgztWBChAWimKIfz2svkqrLw92n1S5tZSfNq7L7eOPMKQWVNPOhc9nUZktbzIKUB1lnMXMscupPPmpHVFZgv0PqhTOtTbBZfgScgO9IdaYEFdZCTPGEdIky-3G2JJIQp5KIqYs4uhrAGZqe/s320/Screen+Shot+2019-01-24+at+4.17.55+PM.png" width="320" /></a><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEidAc-xenMYr8qUIq33zo8kuXYPQO8e5elrwN_h7bIPMTuBY5Khu5-ZF9TS6qzdLsMf16Yo0nkVPjHFbR-_xAD7OLlB69NV3WHffdkR6c-LS8p0qwCrF1tufV1Op5hyxYw9B7YMo2G5tVkV/s1600/Screen+Shot+2019-01-24+at+4.18.15+PM.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="576" data-original-width="1049" height="175" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEidAc-xenMYr8qUIq33zo8kuXYPQO8e5elrwN_h7bIPMTuBY5Khu5-ZF9TS6qzdLsMf16Yo0nkVPjHFbR-_xAD7OLlB69NV3WHffdkR6c-LS8p0qwCrF1tufV1Op5hyxYw9B7YMo2G5tVkV/s320/Screen+Shot+2019-01-24+at+4.18.15+PM.png" width="320" /></a></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhXNrKOGpQKxQKcldxCxHerYz1A7wyyVuspoRz1fJWDEE5BqGLLIcLtvctJrfFZjLKHO8N9AWJ_k1wKjCaTkin1qUbfLIzBn48zmF-Ff6-syvrfKwNALhApFCq0hCU1qtSb-1i7ARGK3g8Q/s1600/Screen+Shot+2019-01-24+at+4.20.50+PM.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="644" data-original-width="1064" height="193" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhXNrKOGpQKxQKcldxCxHerYz1A7wyyVuspoRz1fJWDEE5BqGLLIcLtvctJrfFZjLKHO8N9AWJ_k1wKjCaTkin1qUbfLIzBn48zmF-Ff6-syvrfKwNALhApFCq0hCU1qtSb-1i7ARGK3g8Q/s320/Screen+Shot+2019-01-24+at+4.20.50+PM.png" width="320" /></a><br />
<span style="background-color: white; color: black; display: inline; float: none; font-family: "open sans" , sans-serif , "arial"; font-size: large; font-style: normal; font-weight: normal; letter-spacing: normal; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">The master
bedroom suite has a walk-in closet and bathroom with separate shower and
tub.</span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhFNewJyKOikFQBC2R84HZBb3rY6SXCGf34t2CrGdoQsuTm85Kqn4jKuA219H9xJHqWGFBU8SBvsfDVDlvIGIwuZqc5Z25ZA4cXX5rvHFU1y5ku-i19jb0QrDoqcLOePO2ZZKJ-ErB0exmt/s1600/Screen+Shot+2019-01-24+at+4.19.17+PM.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="639" data-original-width="1069" height="191" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhFNewJyKOikFQBC2R84HZBb3rY6SXCGf34t2CrGdoQsuTm85Kqn4jKuA219H9xJHqWGFBU8SBvsfDVDlvIGIwuZqc5Z25ZA4cXX5rvHFU1y5ku-i19jb0QrDoqcLOePO2ZZKJ-ErB0exmt/s320/Screen+Shot+2019-01-24+at+4.19.17+PM.png" width="320" /></a><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh3DGWnhCmbDnrfKaG5aiwmEgAHR6awTFlCt9W7orXdKrFhc3HNWhSsetABXIpLD5OGuTldAcrpBQpbKDBWIUM1volUT6WfSGz52KAVjuVLCxn75fyc2T0usujaiX49pXWRbfsEQmhrBNCF/s1600/Screen+Shot+2019-01-24+at+4.19.28+PM.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="645" data-original-width="1071" height="384" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh3DGWnhCmbDnrfKaG5aiwmEgAHR6awTFlCt9W7orXdKrFhc3HNWhSsetABXIpLD5OGuTldAcrpBQpbKDBWIUM1volUT6WfSGz52KAVjuVLCxn75fyc2T0usujaiX49pXWRbfsEQmhrBNCF/s640/Screen+Shot+2019-01-24+at+4.19.28+PM.png" width="640" /></a></div>
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<span style="font-size: large;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgvnEUvi8T7EdCmjMGBh4fZDAIJvGaF-Sx-LTYXwYM56G3S3KCLM241TqLjoT4A_s52TKPGtW1IZXtmnPDTaiwC_K56-gEcA1BzVERR0Qrps69bpULIe49hD8xHhz8MYGTNhB9qROoV6fsf/s1600/Screen+Shot+2019-01-24+at+4.20.00+PM.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="642" data-original-width="1038" height="197" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgvnEUvi8T7EdCmjMGBh4fZDAIJvGaF-Sx-LTYXwYM56G3S3KCLM241TqLjoT4A_s52TKPGtW1IZXtmnPDTaiwC_K56-gEcA1BzVERR0Qrps69bpULIe49hD8xHhz8MYGTNhB9qROoV6fsf/s320/Screen+Shot+2019-01-24+at+4.20.00+PM.png" width="320" /></a> <span style="background-color: white; color: black; display: inline; float: none; font-family: "open sans" , sans-serif , "arial"; font-style: normal; font-weight: normal; letter-spacing: normal; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">The Westholme is a full-service, luxury building with valet, doorman,
on-site management, pool, spa, exercise room, and roof-top deck with
bbq, seating, lounging, walking track, and spectacular views of Los
Angeles. </span></span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiNfU9OlO7sblJXt9fi0qGMqrVx_u4rHRhcM33OezRrkMnaeIOnFhXHNBbW-qd1W3GC8Tnw6jCs5VAnviuaFQKveeaj4N1UwW-D8iYnmS-ujB_ZboGi8cp4WgVtSB5fgtumSf93UHys9oQd/s1600/Screen+Shot+2019-01-24+at+4.20.13+PM.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="573" data-original-width="1050" height="174" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiNfU9OlO7sblJXt9fi0qGMqrVx_u4rHRhcM33OezRrkMnaeIOnFhXHNBbW-qd1W3GC8Tnw6jCs5VAnviuaFQKveeaj4N1UwW-D8iYnmS-ujB_ZboGi8cp4WgVtSB5fgtumSf93UHys9oQd/s320/Screen+Shot+2019-01-24+at+4.20.13+PM.png" width="320" /></a></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgbcWQHvWgQdDQbgL_OrTH5mjonPZ-7IimlRDa-UrDAn-oEJ1cCi-TbBEgnTrU8JUS3HKupW_IU8esJZXE3kPO-1mqFkDMFofd3FjULTAKhjInfLb33kpoudO9EqAiS0hFrFMZ27ZT5wI12/s1600/Screen+Shot+2019-01-24+at+4.20.28+PM.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="649" data-original-width="1068" height="194" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgbcWQHvWgQdDQbgL_OrTH5mjonPZ-7IimlRDa-UrDAn-oEJ1cCi-TbBEgnTrU8JUS3HKupW_IU8esJZXE3kPO-1mqFkDMFofd3FjULTAKhjInfLb33kpoudO9EqAiS0hFrFMZ27ZT5wI12/s320/Screen+Shot+2019-01-24+at+4.20.28+PM.png" width="320" /></a></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgMeugWNojBF_AfkP0FhHmeXTun11eoDfXLkpHGuyYoBs7sYDIc7hMUj7f7Zwowi7gCk7uAN_Mvxraj8S054OqEQs_ObTI1OdtaUo77Thmz3Y1ocXcQU29a8USQAxTY0JkRqsXVx_163Eod/s1600/Screen+Shot+2019-01-24+at+4.20.41+PM.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="639" data-original-width="1059" height="193" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgMeugWNojBF_AfkP0FhHmeXTun11eoDfXLkpHGuyYoBs7sYDIc7hMUj7f7Zwowi7gCk7uAN_Mvxraj8S054OqEQs_ObTI1OdtaUo77Thmz3Y1ocXcQU29a8USQAxTY0JkRqsXVx_163Eod/s320/Screen+Shot+2019-01-24+at+4.20.41+PM.png" width="320" /></a></div>
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If you are thinking of selling or leasing your home or if you are in the market to lease or buy a residence, Whit Prouty is in the top 2% of the top agents in the US. For this particular lease, the property is co-listed with Fereshteh Kohanim of Nelson Shelton ERA. Call Whit at <span class="right"><span id="AContactField2">310-962-6942</span></span><br />
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<br />Randy Kirkhttp://www.blogger.com/profile/07187149342560881341noreply@blogger.com15tag:blogger.com,1999:blog-1338894621249930912.post-43169759348561782542019-01-24T14:02:00.000-08:002019-01-24T17:44:20.850-08:00Just Listed - Won't Last! Huge 3/2, 2336 Sq Ft. Pool/Spa in Woodland Hills 22115 AVENUE MORELOS <h2>
<b></b></h2>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg4IiG4SrurjMP4_YcYhUq_BMpgfg-2l2yTAc2M9d-bWmuksa9iTgQ-15jiAhRvEJ-4a-6TRxOYPpdq5MH0lk7yYVmHLVRzdhsqvQVzw2bCa_fEM8-v-5jhuvPku3qWfZxGU8HV0Q_1orxX/s1600/Screen+Shot+2019-01-24+at+1.01.58+PM.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="552" data-original-width="1263" height="278" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg4IiG4SrurjMP4_YcYhUq_BMpgfg-2l2yTAc2M9d-bWmuksa9iTgQ-15jiAhRvEJ-4a-6TRxOYPpdq5MH0lk7yYVmHLVRzdhsqvQVzw2bCa_fEM8-v-5jhuvPku3qWfZxGU8HV0Q_1orxX/s640/Screen+Shot+2019-01-24+at+1.01.58+PM.png" width="640" /></a></div>
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The
epitome of a "Wood-Land-Hills" home with a flat, very large lot. 11,920/AS</h2>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgU2UjfYbq7CKcFGDgDtFI9iaAOZb9WawYFih9urZT60mvMSy51Ax9hycIdEf7VhiZSF0RIXm_ApkwMyZa_bPzeyE-LoOMRTYzUY0XHXXB0O4c_yYH4lKRz933leJaCVE5QaDex6ezVFJGq/s1600/Screen+Shot+2019-01-24+at+1.02.20+PM.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="626" data-original-width="1057" height="189" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgU2UjfYbq7CKcFGDgDtFI9iaAOZb9WawYFih9urZT60mvMSy51Ax9hycIdEf7VhiZSF0RIXm_ApkwMyZa_bPzeyE-LoOMRTYzUY0XHXXB0O4c_yYH4lKRz933leJaCVE5QaDex6ezVFJGq/s320/Screen+Shot+2019-01-24+at+1.02.20+PM.png" width="320" /></a><span style="font-weight: normal;"><span style="font-size: large;"> </span></span></h2>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjxjPawq8Y6VCdteD7aU3vRWDrwIfYC8iveFnxYF3_86IIiiHFTvmIrVuAzDhm-OKn2DuBBgPf8-NCavVgPJVzkvQ221f45BcFqhPuR0__xlyfYXFLnvlZ0YUamK_ocM5RmKWjdjGwwbFo8/s1600/Screen+Shot+2019-01-24+at+1.02.38+PM.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="654" data-original-width="1067" height="196" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjxjPawq8Y6VCdteD7aU3vRWDrwIfYC8iveFnxYF3_86IIiiHFTvmIrVuAzDhm-OKn2DuBBgPf8-NCavVgPJVzkvQ221f45BcFqhPuR0__xlyfYXFLnvlZ0YUamK_ocM5RmKWjdjGwwbFo8/s320/Screen+Shot+2019-01-24+at+1.02.38+PM.png" width="320" /></a><br />
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<span style="font-weight: normal;"><span style="font-size: large;">Double
doors open to a formal entry. </span></span></h2>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjjNLENBdNuvkhj4rQJC11gR5DmYZrdKYgLZMc_vDrl-8tSGvQeae2mv-voafKyReijaNLG2aJR4zRTJVlhpfvlwYg7qwj44O5gCGCFnZhx7mVc-tPgQbTCemvCY4HXdpI5PI4qaTJ8hABk/s1600/Screen+Shot+2019-01-24+at+1.02.52+PM.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="651" data-original-width="1073" height="194" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjjNLENBdNuvkhj4rQJC11gR5DmYZrdKYgLZMc_vDrl-8tSGvQeae2mv-voafKyReijaNLG2aJR4zRTJVlhpfvlwYg7qwj44O5gCGCFnZhx7mVc-tPgQbTCemvCY4HXdpI5PI4qaTJ8hABk/s320/Screen+Shot+2019-01-24+at+1.02.52+PM.png" width="320" /></a></div>
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<span style="font-weight: normal;"><span style="font-size: large;">You step into formal living room with brick
fireplace, wall of glass to the back yard and vaulted, "Pure Heart"
redwood ceiling. </span></span></h2>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiiG2U9fUq8BVkhLvQAYId7X4PDDJzn_ngXzYV5vgNyhaer6gBKaaYGCSILJdekpr6jSKAemWlVTZv7PHuxEYlvyB8kQ9-Hzw11muRmUwfhn-kcVj8q8829SivTapfsApe4teayerqIoBIo/s1600/Screen+Shot+2019-01-24+at+1.03.44+PM.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="565" data-original-width="1073" height="168" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiiG2U9fUq8BVkhLvQAYId7X4PDDJzn_ngXzYV5vgNyhaer6gBKaaYGCSILJdekpr6jSKAemWlVTZv7PHuxEYlvyB8kQ9-Hzw11muRmUwfhn-kcVj8q8829SivTapfsApe4teayerqIoBIo/s320/Screen+Shot+2019-01-24+at+1.03.44+PM.png" width="320" /></a></div>
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<span style="font-size: large;">The den/family room is located next to the boldly
remodeled kitchen with gorgeous stone countertops, custom cabinetry and
skylight. </span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiV_Yj7ZznE-BhZbtO15XRTwwh9fCFsgRjSckJON0NLQ7PbWuHvKuEBmD_ozW1W5M-O4K47fDrLNN6-74bujzBJ2PCJ91fGA3k-U3ULsR6cK9VEg6T-s4n9mD8dFEd3tsQ-NdcM9RiQjoI5/s1600/Screen+Shot+2019-01-24+at+1.54.56+PM.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="651" data-original-width="1051" height="198" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiV_Yj7ZznE-BhZbtO15XRTwwh9fCFsgRjSckJON0NLQ7PbWuHvKuEBmD_ozW1W5M-O4K47fDrLNN6-74bujzBJ2PCJ91fGA3k-U3ULsR6cK9VEg6T-s4n9mD8dFEd3tsQ-NdcM9RiQjoI5/s320/Screen+Shot+2019-01-24+at+1.54.56+PM.png" width="320" /></a></div>
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<span style="font-size: large;"><span style="color: black;"><span style="background-color: white;">The dining room has a vaulted, redwood ceiling, is open to the
kitchen, and looks out to the idyllic back yard. </span></span></span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjZxYk4Rx4XAnSKyaNPvJBUhttlWCfo2cDUOIt9XrNfA6P-uxGCAf5694Yh8U2vcOGaeObnl4hR10qcNuYvfCVxd_B6CepHhwED2ISwLn8sEdoH7f1SlNnEF69uJZ_CZAsXjGQYywi8Liai/s1600/Screen+Shot+2019-01-24+at+1.05.36+PM.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="606" data-original-width="1070" height="362" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjZxYk4Rx4XAnSKyaNPvJBUhttlWCfo2cDUOIt9XrNfA6P-uxGCAf5694Yh8U2vcOGaeObnl4hR10qcNuYvfCVxd_B6CepHhwED2ISwLn8sEdoH7f1SlNnEF69uJZ_CZAsXjGQYywi8Liai/s640/Screen+Shot+2019-01-24+at+1.05.36+PM.png" width="640" /></a></div>
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<span style="font-size: large;"> Find True Luxury in a
master bedroom suite with free-standing fireplace, redwood ceiling,
built-in book case. </span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjwLGQU5lMRuuolCsu4nR0L75R0xE8N8sBA7G-0-gZYtR0z6yE0BfP9TtRd1NkLv6cF1JDTZOhyphenhyphenJUNb2FcDF4z1JmeMuMt_WhQNVIoKO1oqrE6usixwkC3_-QDSay9eKSbhMmMM3WtIiLAM/s1600/Screen+Shot+2019-01-24+at+1.05.53+PM.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="647" data-original-width="1070" height="193" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjwLGQU5lMRuuolCsu4nR0L75R0xE8N8sBA7G-0-gZYtR0z6yE0BfP9TtRd1NkLv6cF1JDTZOhyphenhyphenJUNb2FcDF4z1JmeMuMt_WhQNVIoKO1oqrE6usixwkC3_-QDSay9eKSbhMmMM3WtIiLAM/s320/Screen+Shot+2019-01-24+at+1.05.53+PM.png" width="320" /></a><span style="font-size: large;">Then the stunning master bath with dual sinks, spa tub, steam shower and Dorn Brache fixtures.</span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjJL1usL7G2M_Mv1gFmStdy6DXrNe-uLVsxUq79iD-YhblV74RCp-zV8dJClOy1PjzzH4McusE7v6hrVzfur7zvFEZkN5ouNXAg8KxEtyJeXxzNFm5_to7s7UhltqFsondrJKSiAaI4pxpX/s1600/Screen+Shot+2019-01-24+at+1.06.05+PM.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="640" data-original-width="1078" height="189" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjJL1usL7G2M_Mv1gFmStdy6DXrNe-uLVsxUq79iD-YhblV74RCp-zV8dJClOy1PjzzH4McusE7v6hrVzfur7zvFEZkN5ouNXAg8KxEtyJeXxzNFm5_to7s7UhltqFsondrJKSiAaI4pxpX/s320/Screen+Shot+2019-01-24+at+1.06.05+PM.png" width="320" /></a> </div>
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<span style="font-size: large;">Room-sized built-out closet with custom cabinetry
and center island finishes off the master suite.</span><br />
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<span style="font-size: large;">Two additional bedrooms and full bath complete this
2006 remodeled home. </span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjmonTd2viKMJAPCMld0_vP_OFNq2HVHLnWKB1hXMcni4JTZobyKm-2yi-ybW6nstwHdbeHv_d39u_TJexYOD8K1Ual01EgrC-5yDaADni3QZXaBs9YrCooGbIqjV7Ml5VVQ1JmqhenPBsV/s1600/Screen+Shot+2019-01-24+at+1.07.14+PM.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="638" data-original-width="986" height="207" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjmonTd2viKMJAPCMld0_vP_OFNq2HVHLnWKB1hXMcni4JTZobyKm-2yi-ybW6nstwHdbeHv_d39u_TJexYOD8K1Ual01EgrC-5yDaADni3QZXaBs9YrCooGbIqjV7Ml5VVQ1JmqhenPBsV/s320/Screen+Shot+2019-01-24+at+1.07.14+PM.png" width="320" /></a><br />
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<span style="font-size: large;">Out back there is an expansive wood deck, large grassy
yard AND room for a fenced pool/spa. </span><br />
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<span style="font-size: large;">Plenty of space for entertaining and fun! There is
also an over-sized garage for lots of toys, tinkering, or storage. </span><br />
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<span style="font-size: large;">Food, shopping and entertainment just a five minute walk from the door. </span><br />
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<b>1 - Ameci Pizza & Pasta<br />2 - Cricca's Italian Deli<br />3 - Guido's Pizza & Pasta<br />4 - Bead Lounge<br />5 - Blinkie's Donut Emporium<br />6 - Bibi Sara<br />7 - Starbucks<br />8 - Yogis Grill<br />9 - Lovebug Pizza<br />10 - Rib Ranch Bar-B-Que<br />11 - Dinner's On the Table<br />12 - Hungry Land<br />13 - Scratch Restaurants<br />14 - Parties At Your Door<br />15 - Monty's Steakhouse<br />16 - Red Leopard Tea Co<br />17 - Cvs/Pharmacy<br />18 - Scoop Newspaper<br />19 - Curry Up Cafe<br />20 - Great India Cafe<br />21 - Little Brother Sushi<br />22 - Villa<br />23 - Mazar Mediterranean Restaurant<br />24 - Piacere<br />25 - Hair Replacement Svc</b><br />
<span style="font-size: large;"><b><br />
If you are thinking of selling or leasing your home or if you are in the
market to lease or buy a residence, Whit Prouty is in the top 2% of the
top agents in the US. <span style="background-color: yellow;">Call Whit at <span class="right"><span id="AContactField2">310-962-6942</span></span></span></b></span><br />
<br />
Welcome… Home.Randy Kirkhttp://www.blogger.com/profile/07187149342560881341noreply@blogger.com13tag:blogger.com,1999:blog-1338894621249930912.post-21546543011699957952018-11-09T17:18:00.000-08:002019-01-10T16:13:35.173-08:00Development Opportunity in Tarzana! Priced for Land Value. Over 18,000 sq/ft FLAT Lot. $799,000<div class="separator" style="clear: both; text-align: center;">
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj37V6hyZzNSVL57vYdctur_3exmy7bmpqAStT0u4rVjxLNuXUAJECcox7TtRVNigEHD165aYtUZEl-ZXWDwGg8PP0NH2dX_UfWaL2LfZauLvdUKl0VXRC93ZvZbo7PrYexvdR_oCFvMd5l/s1600/Screen+Shot+2018-11-09+at+5.15.20+PM.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="170" data-original-width="790" height="68" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj37V6hyZzNSVL57vYdctur_3exmy7bmpqAStT0u4rVjxLNuXUAJECcox7TtRVNigEHD165aYtUZEl-ZXWDwGg8PP0NH2dX_UfWaL2LfZauLvdUKl0VXRC93ZvZbo7PrYexvdR_oCFvMd5l/s320/Screen+Shot+2018-11-09+at+5.15.20+PM.png" width="320" /></a></div>
<h2 style="text-align: center;">
<b> </b><span style="font-size: 31px;"><span style="color: #73d3f0;"><span style="font-weight: bold;"><span style="font-family: , sans-serif;">310-777-6302</span></span></span></span></h2>
<h2>
<b>Beautiful trees on
property and wonderful location close to Shopping in Tarzana. Price Cut to $725,000</b></h2>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjXKA1TTZ-WI164Sx9hOzID1uIpC3gcGiut1ee2aHX5nRaMon5oBrJEGCRHutt1OEUV1UuRuE6NxHvRZoWDnCJEVrbcR8Pkgvkkl9sPnJlDJK6cOaS2OtouWu9pxQ3WfoEBFBLiDKqlAGiL/s1600/Screen+Shot+2018-11-09+at+5.06.34+PM.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="544" data-original-width="1012" height="344" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjXKA1TTZ-WI164Sx9hOzID1uIpC3gcGiut1ee2aHX5nRaMon5oBrJEGCRHutt1OEUV1UuRuE6NxHvRZoWDnCJEVrbcR8Pkgvkkl9sPnJlDJK6cOaS2OtouWu9pxQ3WfoEBFBLiDKqlAGiL/s640/Screen+Shot+2018-11-09+at+5.06.34+PM.png" width="640" /></a></div>
<span style="font-size: large;">Development Opportunity! Priced for land value. Over 18,000 square foot FLAT lot. Current home has little or no value. Beautiful trees on property and wonderful location close to Shopping, Retail and 101 Fwy. Central South Valley location. </span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjlmuADEGMhcJ72Fv4ynZibLovqRJUSBrYEoJ5PP-tK8pTiPZQe5lHClIF_Exl0aP5u1iQY3REtcOXA0hNfZ3i9wc92y-b56nFtNZ6n32Ga3GcltWt_kKoEzljZ4bFv0Kb-VMh34o6Au3hG/s1600/Screen+Shot+2018-11-09+at+5.06.46+PM.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="503" data-original-width="1001" height="160" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjlmuADEGMhcJ72Fv4ynZibLovqRJUSBrYEoJ5PP-tK8pTiPZQe5lHClIF_Exl0aP5u1iQY3REtcOXA0hNfZ3i9wc92y-b56nFtNZ6n32Ga3GcltWt_kKoEzljZ4bFv0Kb-VMh34o6Au3hG/s320/Screen+Shot+2018-11-09+at+5.06.46+PM.png" width="320" /></a></div>
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<header class="zsg-content-item" id="yui_3_18_1_1_1541811678233_11653"><h1 class="zsg-h1" id="yui_3_18_1_1_1541811678233_11652">
<div class="zsg-h1 hdp-home-header-st-addr" id="yui_3_18_1_1_1541811678233_11743">
5969 Donna Ave</div>
<div class="zsg-h2" id="yui_3_18_1_1_1541811678233_11651">
Tarzana, CA 91356</div>
</h1>
<h3 class="edit-facts-light">
2 beds<span aria-hidden="true" class="middle-dot"> </span>2 baths<span aria-hidden="true" class="middle-dot"> </span>1,380 sqft</h3>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhdSTkLu9D9GFiKFpINqNSsSrVUKJa0kKD0iU_h9AzHFOr3tefrIY36I11bCd23lNmxTn4P6MoouSUqfK1-XGN05h5Pg3JqQT48y7vRzpFnXx12MtRZHkc-R5wEUlg1cCTpapP0P0TASG8b/s1600/Screen+Shot+2018-11-09+at+5.07.11+PM.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="443" data-original-width="975" height="145" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhdSTkLu9D9GFiKFpINqNSsSrVUKJa0kKD0iU_h9AzHFOr3tefrIY36I11bCd23lNmxTn4P6MoouSUqfK1-XGN05h5Pg3JqQT48y7vRzpFnXx12MtRZHkc-R5wEUlg1cCTpapP0P0TASG8b/s320/Screen+Shot+2018-11-09+at+5.07.11+PM.png" width="320" /></a><a class="zsg-button zsg-button_ghost" href="https://www.zillow.com/pre-qualify/#/pre-qualify&zipCode=91356&propertyValue=799000&propertyType=SingleFamilyHome&source=Z_ForsaleHDP_Getpre-approved" style="font-weight: bold; white-space: nowrap;"><span style="display: inline-block; margin-right: 6px; margin-top: -3px; position: relative; top: 4px;"><svg height="19" viewbox="0 0 19 19" width="19" xmlns="http://www.w3.org/2000/svg"><g fill-rule="evenodd" fill="none"><text fill="#FFF" font-family="Gotham-Medium, Gotham" font-size="13" font-weight="400"><tspan x="5.327" y="14"></tspan></text></g></svg></span></a><span style="font-size: large;">Build your large dream home and still have a huge back yard for all of your amenities. Probate Listing requiring court confirmation and overbid. Offers will not be reviewed until after November 26, 2018.</span></div>
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<b><br /></b></h2>
Randy Kirkhttp://www.blogger.com/profile/07187149342560881341noreply@blogger.com11tag:blogger.com,1999:blog-1338894621249930912.post-25372015174462466692018-11-08T15:59:00.000-08:002018-11-08T15:59:13.653-08:00Wilshire Comstock 15th Floor Unit for Lease - Coastal and CIty Views - Amenities Galore<br />
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<tr><td style="text-align: center;"><img border="0" data-original-height="557" data-original-width="907" height="392" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgVHxJtiXubnjILeoVCVgKHd7dYe107Kwr22zCdOWVxpnLdOAPyyydYWlez5VnPBlnJADyy5VHBI9JjN1-IeDZvRLixJW138zeDMj2jKbzHkRRaCpyl3CFXlzNtBdLJGEweRgdeEuiO8qWc/s640/Screen+Shot+2018-11-08+at+2.56.41+PM.png" style="margin-left: auto; margin-right: auto;" width="640" /></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Luxury at the Corner of Wilshire and Comstock in Westwood</td></tr>
</tbody></table>
<h2 class="separator" style="clear: both; text-align: center;">
<span style="font-size: large;">Amazing Luxury Condo in Beautiful Westwood, Lease for just $8400</span></h2>
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<span style="font-size: large;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgiDyvVjuhrNMyXNgqwOvYmTHGrAcQFUF2gY-EeLD1-u0eDaG8v6ulgqamjOb8u6WIyq7DRm_49B1jxUFJhI2gcExWabm3I2Akch-XiTjTos7BvLC7evYmXCJbR9z4ugC8OdH2_Bi8E6Kbh/s1600/Screen+Shot+2018-11-08+at+2.56.51+PM.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="548" data-original-width="908" height="193" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgiDyvVjuhrNMyXNgqwOvYmTHGrAcQFUF2gY-EeLD1-u0eDaG8v6ulgqamjOb8u6WIyq7DRm_49B1jxUFJhI2gcExWabm3I2Akch-XiTjTos7BvLC7evYmXCJbR9z4ugC8OdH2_Bi8E6Kbh/s320/Screen+Shot+2018-11-08+at+2.56.51+PM.png" width="320" /></a></span></div>
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<span style="color: black;"><span style="font-size: large;">The Wilshire Corridore in Westwood has been known for luxurious condo living for a generation. The entree way is just one bit of evidence of what the residences here enjoy throughout. </span></span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEig3S_n8BoBZZFEEgsSsBPrc4jSHymXTOoKyuWnyOrOtW_B5P5auGZ2Ozju7bMJ1hXo4RFthkH9RFHJ1-UEyZMMIE4IDMbSrhWdtvabXkURPSo-Yahx6IbFagwbbxNB2i53z6y2tJvfkhA-/s1600/Screen+Shot+2018-11-08+at+2.59.39+PM.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="547" data-original-width="906" height="193" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEig3S_n8BoBZZFEEgsSsBPrc4jSHymXTOoKyuWnyOrOtW_B5P5auGZ2Ozju7bMJ1hXo4RFthkH9RFHJ1-UEyZMMIE4IDMbSrhWdtvabXkURPSo-Yahx6IbFagwbbxNB2i53z6y2tJvfkhA-/s320/Screen+Shot+2018-11-08+at+2.59.39+PM.png" width="320" /></a> <span style="color: black;"><span style="font-size: large;">The decorating in the common areas will have you remembering world class hotels you've visited, but now it is part of daily life for you. </span></span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiDn_0nmc1jS7Gl0xMtVXHgUxNaMDEqXPdohBp6nil3eyJ-JFW1xiAl_4DhOHulJrMwrcJQU-_dWb0_vVsZPQgYqdDZWHIeIdgHHVyvZkskKcHlS6mcvp_lr_O9OxIiPBoQrC9jIMSRoVOx/s1600/Screen+Shot+2018-11-08+at+2.58.25+PM.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="544" data-original-width="1016" height="171" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiDn_0nmc1jS7Gl0xMtVXHgUxNaMDEqXPdohBp6nil3eyJ-JFW1xiAl_4DhOHulJrMwrcJQU-_dWb0_vVsZPQgYqdDZWHIeIdgHHVyvZkskKcHlS6mcvp_lr_O9OxIiPBoQrC9jIMSRoVOx/s320/Screen+Shot+2018-11-08+at+2.58.25+PM.png" width="320" /></a> <span style="color: black;"><span style="font-size: large;">This unit is spacious at 1937 square feet, and the living room/dining room provides you with great bones to create a relaxing retreat or entertainment mecca. </span></span><br />
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiwSwnB9V5kBqlAibm6yOBWRxNyF4ctX8HPIpY-ikCNngr9oedyLKRvSEdoAo17DTPk8szeMF3gfscNLpeV8gt_NrcSdJzQDPB_qGVV2NBQgiU1O8dSii_geNY0HJm1KOwQlpdqNCLKJOd3/s1600/Screen+Shot+2018-11-08+at+2.58.37+PM.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="551" data-original-width="903" height="195" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiwSwnB9V5kBqlAibm6yOBWRxNyF4ctX8HPIpY-ikCNngr9oedyLKRvSEdoAo17DTPk8szeMF3gfscNLpeV8gt_NrcSdJzQDPB_qGVV2NBQgiU1O8dSii_geNY0HJm1KOwQlpdqNCLKJOd3/s320/Screen+Shot+2018-11-08+at+2.58.37+PM.png" width="320" /></a><br />
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<span style="font-size: large;">An upgraded kitchen that will make any foodie happy, whether preparing your own meals or </span><span style="color: black;"><span style="font-size: large;">heating up your delivery from Spago's. </span></span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhIT1gabjr1fjy60Vwvq83w_K5mzCZGpszHlW65ihCI8HuACByj1eNt5E7OEyg8KvN8O1srUh7eiY4b_vy7OA3eHGEeiyXjCFMhBL2J6A9dlNhS19Zha298xpt4IR-0VFdZvfuzNqlf74gw/s1600/Screen+Shot+2018-11-08+at+2.58.57+PM.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="544" data-original-width="904" height="192" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhIT1gabjr1fjy60Vwvq83w_K5mzCZGpszHlW65ihCI8HuACByj1eNt5E7OEyg8KvN8O1srUh7eiY4b_vy7OA3eHGEeiyXjCFMhBL2J6A9dlNhS19Zha298xpt4IR-0VFdZvfuzNqlf74gw/s320/Screen+Shot+2018-11-08+at+2.58.57+PM.png" width="320" /></a> <span style="color: black;"><span style="font-size: large;"> </span></span><br />
<span style="color: black;"><span style="font-size: large;">A full bath for the master suite and the guests enjoy a choice of two 3/4 baths. All are beautifully appointed. </span></span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiMolv7uGAJbAwF5rpwC_iX2uT9TovfkSyJ81rHNF3t03ahvyo656gIQv2R06vJ213ZhisDRbcxV2EiGdQcAfZdTIxwmQQGIHO771dM85O4JeWyTbkgc4DKg9QAvG6EKVUoLF8c8vNHylHj/s1600/Screen+Shot+2018-11-08+at+2.59.17+PM.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="557" data-original-width="911" height="195" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiMolv7uGAJbAwF5rpwC_iX2uT9TovfkSyJ81rHNF3t03ahvyo656gIQv2R06vJ213ZhisDRbcxV2EiGdQcAfZdTIxwmQQGIHO771dM85O4JeWyTbkgc4DKg9QAvG6EKVUoLF8c8vNHylHj/s320/Screen+Shot+2018-11-08+at+2.59.17+PM.png" width="320" /></a></div>
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<span style="font-size: large;">Each room includes a view, and the views are the best in town. </span><span style="color: black;"><span style="font-size: large;"><br /></span></span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj0sMNvv7F6yylouizUdmVWCM2ZOI7fPaWUCbSE6qo0m9lnrVXmyfXND23va2xPucmqSp8v3MTPewceWUORnEggRdskELpWtvUCTmN__7gGiaLnxzQDwuhKgWFbdIR96vCwqmCs76v52bDn/s1600/Screen+Shot+2018-11-08+at+3.05.27+PM.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="519" data-original-width="858" height="193" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj0sMNvv7F6yylouizUdmVWCM2ZOI7fPaWUCbSE6qo0m9lnrVXmyfXND23va2xPucmqSp8v3MTPewceWUORnEggRdskELpWtvUCTmN__7gGiaLnxzQDwuhKgWFbdIR96vCwqmCs76v52bDn/s320/Screen+Shot+2018-11-08+at+3.05.27+PM.png" width="320" /></a></div>
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<span style="color: black;"><span style="font-size: large;">Whether coastal towards Santa Monica....</span></span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg8CU4ua1KgHgrS8GWKD92nUg24vgbNT33x79LC7Qx7O6Y2vvN2LP-vw41m9jtNbGMgIRFIKuFB8gB5VyZ6N5fAHybz89hNLbSGxIi6Dk2IXlYrsenqXVigbNQNPnNEckyB6hC8LC-8RLKI/s1600/Screen+Shot+2018-11-08+at+3.05.49+PM.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="542" data-original-width="849" height="204" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg8CU4ua1KgHgrS8GWKD92nUg24vgbNT33x79LC7Qx7O6Y2vvN2LP-vw41m9jtNbGMgIRFIKuFB8gB5VyZ6N5fAHybz89hNLbSGxIi6Dk2IXlYrsenqXVigbNQNPnNEckyB6hC8LC-8RLKI/s320/Screen+Shot+2018-11-08+at+3.05.49+PM.png" width="320" /></a><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi3miPUi3uBPe_k_6HjMc66494LdoujSD3M-27Hk8Dnmhj3j6k57ryTRsx7A_sm70G4plFjfcBnDPpudSJsVy9kNZMNjK1ilkGrVptIW_-y6GoRFAr7HvratfIvsTR3KQ5k-jRChB_WKsbJ/s1600/Screen+Shot+2018-11-08+at+3.00.33+PM.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="542" data-original-width="904" height="191" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi3miPUi3uBPe_k_6HjMc66494LdoujSD3M-27Hk8Dnmhj3j6k57ryTRsx7A_sm70G4plFjfcBnDPpudSJsVy9kNZMNjK1ilkGrVptIW_-y6GoRFAr7HvratfIvsTR3KQ5k-jRChB_WKsbJ/s320/Screen+Shot+2018-11-08+at+3.00.33+PM.png" width="320" /></a></div>
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<span style="color: black;"><span style="font-size: large;">Or overlooking the Cityscape from sunrise to sunset, the views never fail to thrill. </span></span><br />
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<span style="color: black;"><span style="font-size: large;">Lest we forget the amenities: Large pool and Jacuzzi is a great place to enjoy recreation or relaxation...</span></span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgDVGw8dMRcA6knOw1d3g4iagOFdRbxt4VPeYvkRdzu_oS4wcsBxbSkXZudIssrvLFiXlFj6CNFIWXddQzCkDrj5j5dHsBF_TnJtqXwPKzDr8kIGU0Y_McfNFk5a42Mci-M_VR2IhE5uyg5/s1600/Screen+Shot+2018-11-08+at+2.59.46+PM.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="543" data-original-width="906" height="191" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgDVGw8dMRcA6knOw1d3g4iagOFdRbxt4VPeYvkRdzu_oS4wcsBxbSkXZudIssrvLFiXlFj6CNFIWXddQzCkDrj5j5dHsBF_TnJtqXwPKzDr8kIGU0Y_McfNFk5a42Mci-M_VR2IhE5uyg5/s320/Screen+Shot+2018-11-08+at+2.59.46+PM.png" width="320" /></a><br />
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<span style="color: black;"><span style="font-size: large;">Recreation room fully outfitted, and including fitness center and sauna...</span></span><br />
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<span style="color: black;"><span style="font-size: large;">And 24/7 Valet and Security!!</span></span><br /><span style="color: black;"></span><br />
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<h3 class="subhead">
General</h3>
<ul>
<li><strong>Rent: </strong> $8,400</li>
<li><strong>Status: </strong> Active</li>
<li><strong>Type: </strong> Condo</li>
<li><strong>MLS ID: </strong> 18-403190</li>
<li><strong>Updated: </strong> 11/1/2018</li>
<li><strong>Added: </strong> 7 day(s) ago</li>
<li><strong>Viewed: </strong>2 times</li>
</ul>
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<h3 class="subhead">
Interior</h3>
<ul>
<li><strong>Rooms/Areas: </strong> Master Bedroom, Entry, Living Room</li>
<li><strong>Appliances: </strong> Dishwasher, Dryer, Garbage Disposal, Refrigerator, Washer, Range</li>
<li><strong>Furnishings: </strong> Unfurnished</li>
<li><strong>Flooring: </strong> Stone Tile</li>
</ul>
<h3 class="subhead">
Rooms</h3>
<h4 class="subhead-meta">
Bathrooms</h4>
<ul>
<li><strong>Total Bathrooms: </strong> 3</li>
<li><strong>Full Bathrooms: </strong> 1</li>
<li><strong>3/4 Bathrooms: </strong> 2</li>
</ul>
<h4 class="subhead-meta">
Bedrooms</h4>
<ul>
<li><strong>Total Bedrooms: </strong> 3</li>
</ul>
<h4 class="subhead-meta">
Other Rooms</h4>
<ul>
<li><strong>Laundry: </strong> Laundry Area In Unit</li>
</ul>
<h3 class="subhead">
Additional Information</h3>
<ul>
<li><strong>Shared Amenities: </strong> Controlled Access, Gym/Exercise Room, Onsite Property Management, Security, Steam Room, Passenger Elevator, Valet Parking</li>
<li><strong>Pool Description: </strong> Association Pool</li>
<li><strong>Spa Description: </strong> Association Spa</li>
</ul>
<h3 class="subhead">
Parking</h3>
<ul>
<li><strong>Parking Type: </strong> Community Garage, Gated Underground Parking</li>
<li><strong>Parking: </strong> Controlled Entrance</li>
</ul>
<h3 class="subhead">
Location</h3>
<ul>
<li><strong>County: </strong> Los Angeles</li>
<li><strong>Driving Directions: </strong> South West Corner of Wilshire and Comstock</li>
</ul>
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<h3 class="subhead">
Community</h3>
<ul>
<li><strong>Assoc. Name: </strong> WILSHIRE COMSTOCK</li>
</ul>
<h3 class="subhead">
Heating & Cooling</h3>
<ul>
<li><strong>Cooling Type: </strong> Air Conditioning</li>
<li><strong>Heating Type: </strong> Central Furnace</li>
</ul>
<h3 class="subhead">
Structural Information</h3>
<ul>
<li><strong>Architectural Style: </strong> High or Mid-Rise Condo</li>
<li><strong>Stories/Levels: </strong> One Level</li>
<li><strong>Stories Description: </strong> One Level</li>
<li><strong>Square Feet: </strong> 1,937</li>
<li><strong>Year Built: </strong> 1961</li>
</ul>
<h3 class="subhead">
Lot Features</h3>
<ul>
<li><strong>Property View: </strong> City View, Ocean View, Panoramic View</li>
<li><strong>Lot Size (Sq. Ft.): </strong> 85,076</li>
<li><strong>Lot Size Source: </strong> Public Records</li>
<li><strong>Zoning: </strong> LAR5</li>
</ul>
<h3 class="subhead">
Financial Considerations</h3>
<ul>
<li><strong>Price Per Sq. Ft.: </strong> $4.34</li>
<li><strong>Security Deposit: </strong> $16,800</li>
</ul>
<h3 class="subhead">
Disclosures and Reports</h3>
<ul>
<li><strong>Assoc. Rules: </strong> Pets Not Permitted</li>
<li><strong>Legal Disclosures: </strong> Take Property As Is, CC and R, Homeowners Association, Pet Restrictions, Commission to Buyer Agent</li>
</ul>
</div>
</div>
</div>
<br />Randy Kirkhttp://www.blogger.com/profile/07187149342560881341noreply@blogger.com14tag:blogger.com,1999:blog-1338894621249930912.post-19561800711849519922018-11-02T10:08:00.000-07:002018-11-02T11:21:06.013-07:00New Listing - West Hollywood 1406 Sq/Ft 2/2 Condo Priced to Sell at $829,00 - Walk Score 85<h2 class=" notranslate" id="main-content">
<span class="notranslate">1015 N Kings Rd #302, <span class="shrink">West Hollywood, CA 90069</span></span></h2>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhVAVxbpGBwCixXf7yYC9ttUUNpR5qglbfk5jD3RIeON4b3QsrzS5W5RjkbsxbxRNt6KT2k1YNg5AmOP1GnBT8jR38I0XZQf9dyDE1VHoqHIGso2pTPRuZgGcQdxj0Ou0gGItxo40bhuKIq/s1600/Screen+Shot+2018-11-01+at+4.47.06+PM.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="486" data-original-width="1060" height="292" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhVAVxbpGBwCixXf7yYC9ttUUNpR5qglbfk5jD3RIeON4b3QsrzS5W5RjkbsxbxRNt6KT2k1YNg5AmOP1GnBT8jR38I0XZQf9dyDE1VHoqHIGso2pTPRuZgGcQdxj0Ou0gGItxo40bhuKIq/s640/Screen+Shot+2018-11-01+at+4.47.06+PM.png" width="640" /></a></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh3xyXKaPyYye4tyoOvufEsU_HawnGFfrbn8yul2a5l2i5YF0fjn00dU964U7CpdeW8KRFxUulrMiGPsP8OoMVjpg_gFzRJC3xR5yoG4RFP0wF5G_eTe-Ihoz_e00Qarqx57dBbR9f1lmUj/s1600/Screen+Shot+2018-11-01+at+4.44.50+PM.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"> </a><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh3xyXKaPyYye4tyoOvufEsU_HawnGFfrbn8yul2a5l2i5YF0fjn00dU964U7CpdeW8KRFxUulrMiGPsP8OoMVjpg_gFzRJC3xR5yoG4RFP0wF5G_eTe-Ihoz_e00Qarqx57dBbR9f1lmUj/s1600/Screen+Shot+2018-11-01+at+4.44.50+PM.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"> </a></div>
<span class="font-a font-16"> </span><br />
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<li><img src="https://m.cbhomes.com/a/204/28160/xzL9YamSMWU3/profile.jpg" /><div class="title notranslate">
<a class="agent-details-link" href="https://www.coldwellbankerhomes.com/ca/beverly-hills/agent/whit-prouty/aid_28160/">Whit Prouty</a></div>
<div class="calbre">
CalRE#: 01303275</div>
<div class="link-icon">
<a class="icon-mail" data-ic-form-fields="{"AgentID":28160,"TeamID":0,"OfficeID":5145}" data-ic-form-presentation="dialog" data-ic-form-title="Contact Whit" data-ic-form="IC_ContactMe_0" data-share-fields="" href="https://www.coldwellbankerhomes.com/ca/west-hollywood/1015-n-kings-rd-302/pid_27551817/#">Email Me</a>
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<span itemprop="telephone"><a class="phone-link" data-phone-type="mobile" href="tel:+1-310-962-6942">(310) 962-6942</a></span><i> mobile </i></div>
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<span style="font-size: large;">You'll love this unit as soon as you walk in the front door. The spacious living room /dining room is a treat for the eyes. You will definitely be impressed by the great natural lighting from windows overlooking the charming street below. There is a formal entry, large living room, office nook, large dining room and even a balcony. </span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjAtEHXzq3NG8Cue4pnQfJc7hSjyT5u-fb-yddNwy66h8zg505GEwNWbHw-V59OqZaZ6qplOlvdngZzyuX8kARgL3I2SaALUjNp85VKRlCjhG1c_PSBpOKvP_hE642Jt3ga7Vyu-xJq0x84/s1600/Screen+Shot+2018-11-01+at+4.44.50+PM.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="209" data-original-width="312" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjAtEHXzq3NG8Cue4pnQfJc7hSjyT5u-fb-yddNwy66h8zg505GEwNWbHw-V59OqZaZ6qplOlvdngZzyuX8kARgL3I2SaALUjNp85VKRlCjhG1c_PSBpOKvP_hE642Jt3ga7Vyu-xJq0x84/s1600/Screen+Shot+2018-11-01+at+4.44.50+PM.png" /></a><span style="font-size: large;">Located in Kingston South, this condo is all on a single-level and features 2 bedrooms and 2 full baths! The incredible West Hollywood location is just below Santa Monica Blvd, and earns a walk score of 85 and transit score of 63. You might not even need a car. </span><br />
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<span style="font-size: large;">The wonderful kitchen has a service entrance, wall oven, fresh white cabinetry, and under counter side by side washer and dryer hookups. </span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhOKAyi_idz20cJCpdRFgWTspk5BZ5ngTum1U-osn-3t-2dG52ljiDg90wJZ6HnuYbFq36c90lmM2CRrWWqOQ8iXZptJ9KnVJZPeBQfyerIpgLtVzTczygAVgRrZFcZ5y1qVQ0GdU8bluU7/s1600/Screen+Shot+2018-11-01+at+4.49.27+PM.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="575" data-original-width="946" height="388" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhOKAyi_idz20cJCpdRFgWTspk5BZ5ngTum1U-osn-3t-2dG52ljiDg90wJZ6HnuYbFq36c90lmM2CRrWWqOQ8iXZptJ9KnVJZPeBQfyerIpgLtVzTczygAVgRrZFcZ5y1qVQ0GdU8bluU7/s640/Screen+Shot+2018-11-01+at+4.49.27+PM.png" width="640" /></a></div>
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgLoTk5QU5-BdIvb1-KWVuF1z-GhvDkUY3m1ox0PBK4zenLA-Da-1AVgi7XNDCoW2arTnH0y2799s99IpOkbsiWp-QmAL5TK9ZPfuh0Y9fgETCVRZTrQ9DhgTGosfRGyijepmz5UzZHfMwb/s1600/Screen+Shot+2018-11-01+at+4.48.48+PM.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="511" data-original-width="1059" height="154" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgLoTk5QU5-BdIvb1-KWVuF1z-GhvDkUY3m1ox0PBK4zenLA-Da-1AVgi7XNDCoW2arTnH0y2799s99IpOkbsiWp-QmAL5TK9ZPfuh0Y9fgETCVRZTrQ9DhgTGosfRGyijepmz5UzZHfMwb/s320/Screen+Shot+2018-11-01+at+4.48.48+PM.png" width="320" /></a><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEilammTsd-YXPsDhWHDXXHwK0XyLzirGWhBMIupW2T1j-6OEvQw7n6kkZu6s00SJd-0DQEaICXk2AfITHGr5n73TUq-w-pNmIZZmxQQOlfMth2Yb7snLeqgYmZuWgXdhafEHVC6dufG4Gdo/s1600/Screen+Shot+2018-11-01+at+4.49.16+PM.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="585" data-original-width="899" height="208" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEilammTsd-YXPsDhWHDXXHwK0XyLzirGWhBMIupW2T1j-6OEvQw7n6kkZu6s00SJd-0DQEaICXk2AfITHGr5n73TUq-w-pNmIZZmxQQOlfMth2Yb7snLeqgYmZuWgXdhafEHVC6dufG4Gdo/s320/Screen+Shot+2018-11-01+at+4.49.16+PM.png" width="320" /></a><br />
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<span style="font-size: large;">The master bedroom has an incredible walk-in closet and en-suite bath with separate shower and tub. The secondary bedroom has access to the balcony and the second bath, located in the hallway, has double sinks and a tub/shower combination. There are new wide-plank wood laminate floors throughout that add to the beauty of this space. </span><br />
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<span style="font-size: large;">What about the common area amenities. Imagine coming home to this beautiful lobby area and huge pool. Relax with friends or neighbors indoors or out. </span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEip7z4jN6eSwYvMoaH1L4GcAQmDzFmWNw0h5z4yY2VgJavFrCZQMr2RQCCjlotgvUxuQEWcbQxwKPreeJ0kAn5ENLAJBaKDqklm_06DDYP8xflZ_p0SKvakosQKVmhBaIQ_nFvrxKwr8rsB/s1600/Screen+Shot+2018-11-01+at+4.48.17+PM.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="576" data-original-width="947" height="388" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEip7z4jN6eSwYvMoaH1L4GcAQmDzFmWNw0h5z4yY2VgJavFrCZQMr2RQCCjlotgvUxuQEWcbQxwKPreeJ0kAn5ENLAJBaKDqklm_06DDYP8xflZ_p0SKvakosQKVmhBaIQ_nFvrxKwr8rsB/s640/Screen+Shot+2018-11-01+at+4.48.17+PM.png" width="640" /></a></div>
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<h2 class="title tablet-up-show">
<span class="details-block-header-main-text">Full Property Details </span><span class="subtitle notranslate"><span class="subtitle-address">for 1015 N Kings Rd #302</span></span></h2>
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General</h3>
<ul>
<li><b>Price: </b> $829,000</li>
<li><b>HOA FEE: </b> $400/month</li>
<li><b>Status: </b> Active</li>
<li><b>Type: </b> Condo /Townhouse</li>
<li><b>MLS ID: </b> 18-403064</li>
<li><b>Updated: </b> 11/1/2018</li>
<li><b>Added: </b> 1 day(s) ago</li>
<li><b>Viewed: </b>4 times</li>
</ul>
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Interior</h3>
<ul>
<li><b>Rooms/Areas: </b> Dining Room, Master Bedroom, Entry, Living Room, Walk-In Closet</li>
<li><b>Interior Features: </b> Elevator</li>
<li><b>Appliances: </b> Dishwasher, Garbage Disposal</li>
<li><b>Flooring: </b> Laminated</li>
</ul>
<h3 class="subhead">
Rooms</h3>
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Bathrooms</h4>
<ul>
<li><b>Total Bathrooms: </b> 2</li>
<li><b>Full Bathrooms: </b> 2</li>
</ul>
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Bedrooms</h4>
<ul>
<li><b>Total Bedrooms: </b> 2</li>
</ul>
<h4 class="subhead-meta">
Other Rooms</h4>
<ul>
<li><b>Laundry: </b> In Kitchen</li>
</ul>
<h3 class="subhead">
Additional Information</h3>
<ul>
<li><b>Shared Amenities: </b> Assoc Pet Rules, Controlled Access, Gated Parking, Passenger Elevator</li>
<li><b>Pool: </b> Yes</li>
<li><b>Pool Description: </b> Association Pool</li>
<li><b>Security/Safety: </b> Community, Gated Community</li>
</ul>
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Parking</h3>
<ul>
<li><b>Parking Type: </b> Assigned, Community Garage, Gated Underground Parking, Side-by-Side Parking</li>
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Location</h3>
<ul>
<li><b>County: </b> Los Angeles</li>
<li><b>Driving Directions: </b> South of Santa Monica Blvd.</li>
</ul>
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Community</h3>
<ul>
<li><b>Assoc. Name: </b> KINGSWOOD</li>
<li><b>Assoc. Fees Include: </b> Trash Paid, Water and Sewer Paid</li>
</ul>
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Heating & Cooling</h3>
<ul>
<li><b>Cooling Type: </b> Air Conditioning</li>
<li><b>Heating Fuel: </b> Radiant</li>
</ul>
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<h3 class="subhead">
Structural Information</h3>
<ul>
<li><b>Architectural Style: </b> Contemporary, Low Rise</li>
<li><b>Structure Type: </b> Condominium</li>
<li><b>Common Walls: </b> Attached</li>
<li><b>Stories/Levels: </b> One Level</li>
<li><b>Stories Description: </b> One Level</li>
<li><b>Square Feet: </b> 1,406</li>
<li><b>Sq. Ft. Source: </b> Public Records</li>
<li><b>Year Built: </b> 1965</li>
</ul>
<h3 class="subhead">
Unit Information</h3>
<ul>
<li><b>Units in Complex: </b> 62</li>
</ul>
<h3 class="subhead">
Lot Features</h3>
<ul>
<li><b>Property View: </b> No View</li>
<li><b>Lot Size (Sq. Ft.): </b> 38,900</li>
<li><b>Lot Size Source: </b> Public Records</li>
<li><b>Zoning: </b> WDR4*</li>
</ul>
<h3 class="subhead">
Financial Considerations</h3>
<ul>
<li><b>Price Per Sq. Ft.: </b> $589.62</li>
<li><b>Association Fee: </b> $400</li>
<li><b>Assoc Fee Freq.: </b> Monthly</li>
</ul>
<h3 class="subhead">
Disclosures and Reports</h3>
<ul>
<li><b>Special Conditions: </b> Standard Sale</li>
<li><b>Assoc. Rules: </b> Pets Permitted, Association Pet Rules, Weight Limit</li>
<li><b>Legal Disclosures: </b> Take Property As Is, CC and R, Homeowners Association, Commission to Buyer Agent</li>
</ul>
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<br />Randy Kirkhttp://www.blogger.com/profile/07187149342560881341noreply@blogger.com12tag:blogger.com,1999:blog-1338894621249930912.post-35309495189015720932018-10-13T09:06:00.000-07:002018-10-13T09:06:07.491-07:00New Listing - Home for Sale in Studio City 5/4, 3646 sqft, $1,649,000. Amazing Master Bedroom<div class="separator" style="clear: both; text-align: center;">
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<header class="zsg-content-item"><h1 class="zsg-h1">
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12303 Milbank St. Studio City, CA 91604</div>
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<h3 class="edit-facts-light">
5 beds<span class="middle-dot"> </span>4 baths<span class="middle-dot"> </span>3,646 sqft</h3>
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House For Sale</h3>
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<span class="value">$1,649,000</span><br />
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<span class="value" style="font-size: small;"><span style="font-family: raleway,sans-serif;"><span><span style="text-shadow: rgba(0, 0, 0, 0.4) 0px 4px 5px;"><span style="font-weight: bold;"><a href="http://whitprouty.com/">Whit Prouty</a> - Caldwell Banker</span></span></span></span></span><br />
<span class="value"><span style="font-size: small;"><span style="font-family: raleway,sans-serif;"><span><span style="text-shadow: rgba(0, 0, 0, 0.4) 0px 4px 5px;"><span style="font-weight: bold;">Cal BRE#: 01303275<br />
310-777-6302</span></span></span></span></span> </span></div>
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Enter this beautiful, Studio City, traditional, 2-story home through a white picket fence and brick pathway to large, double, front doors. </div>
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Inside, you'll find a vaulted and open entry with wood floors and a spacious feeling. </div>
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Off to the left there is a sunken, formal living room with fireplace, and separate formal dining room. </div>
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The kitchen has a large center island, Sub-Zero and Dacor appliances, and overlooks the breakfast area, the hardscaped and landscaped grassy back yard, and the family room with its beautiful fireplace and bar area. </div>
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One bedroom and bath are downstairs and the remaining 4 bedrooms and 3 bathrooms are found up. The master suite has a vaulted ceiling, wood floors, its own fireplace, two walk-in closets, large spa tub and a balcony overlooking the verdant back yard. </div>
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The back yard has multiple outdoor living spaces with opportunities galore for entertaining.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiHQVH-igtabRWI0kOZAbOZeBOGvHODB_cEBfTMLkqQzUi-KcPNOuYQnseQOiOU74xkXIT7PGvntglolqkrkpFp6QdQ6nCVOXcCD4wEavBiuEX-wyZ7IK54perOwH08GIdT85-bV3L6EJ7i/s1600/Screen+Shot+2018-10-13+at+8.36.33+AM.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="357" data-original-width="660" height="173" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiHQVH-igtabRWI0kOZAbOZeBOGvHODB_cEBfTMLkqQzUi-KcPNOuYQnseQOiOU74xkXIT7PGvntglolqkrkpFp6QdQ6nCVOXcCD4wEavBiuEX-wyZ7IK54perOwH08GIdT85-bV3L6EJ7i/s320/Screen+Shot+2018-10-13+at+8.36.33+AM.png" width="320" /></a><br />
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There is also a direct access, three-car garage. Close to schools, Ventura Blvd., Laurel Canyon and the best the Valley has to offer, welcome home. Many shops within walking distance. Walk score of 57. </div>
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<b>More Details: </b><br />
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This home is listed by Whit Prouty of Coldwell Banker<br />
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Interior
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<ul>
<li><strong>Rooms/Areas: </strong> Dining Room, Master Bedroom, Entry, Family Room, Living Room, Walk-In Closet</li>
<li><strong>Number of Fireplaces: </strong> 3</li>
<li><strong>Fireplace(s): </strong> Family Room, Living Room, Master Bedroom</li>
<li><strong>Eating Areas: </strong> Breakfast Area, Formal Dining Room</li>
<li><strong>Appliances: </strong> Dishwasher, Freezer, Garbage Disposal, Recirculated Exhaust Fan, Refrigerator, Range, Double Oven</li>
<li><strong>Flooring: </strong> Carpet, Wood, Other</li>
</ul>
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Rooms</h3>
Bathrooms<br /><ul>
<li><strong>Full Bathrooms: </strong> 4</li>
</ul>
Bedrooms<ul>
<li><strong>Total Bedrooms: </strong> 5</li>
<li><strong>Bedroom 1: </strong> Master Suite</li>
</ul>
Other Rooms<ul>
<li><strong>Laundry: </strong> In Garage</li>
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Additional Information
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Exterior
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<li><strong>Deck/Patio: </strong> Brick
</li>
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Parking
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<ul>
<li><strong>Garage: </strong> Yes</li>
<li><strong>Garage Spaces: </strong> 3</li>
<li><strong>Parking Type: </strong> Garage Is Attached, Garage (Three Doors)</li>
<li><strong>Parking: </strong> Direct Garage Access</li>
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School Information</h3>
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjP1n1iGOirGjZOXstc-XuCSJWcF8F1UX4KycQoW68kaT9CJ5TlThxJ0OYoarJbSZZde_jsxb1utQYuf5Y2JotdxXJaqbe2sI8Eg_7TZlopk1ZXK5KaT4A9FbhBR0znRKyLgtOFu8gh7bFQ/s1600/Screen+Shot+2018-10-13+at+8.54.41+AM.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="423" data-original-width="952" height="284" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjP1n1iGOirGjZOXstc-XuCSJWcF8F1UX4KycQoW68kaT9CJ5TlThxJ0OYoarJbSZZde_jsxb1utQYuf5Y2JotdxXJaqbe2sI8Eg_7TZlopk1ZXK5KaT4A9FbhBR0znRKyLgtOFu8gh7bFQ/s640/Screen+Shot+2018-10-13+at+8.54.41+AM.png" width="640" /></a><br />
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Randy Kirkhttp://www.blogger.com/profile/07187149342560881341noreply@blogger.com5tag:blogger.com,1999:blog-1338894621249930912.post-57028696593860639892018-08-24T15:24:00.000-07:002018-10-12T15:34:35.721-07:00Amazing Big Valley View - Home for Sale in West Hills, 3 beds 3 baths 1,815 sqft. Reduced to $767,500!<br />
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<span style="font-size: x-large;">7212 Bouquet Dr West Hills, CA 91307, 3 beds<span class="middle-dot"> </span>3 baths<span class="middle-dot"> </span>1,815 sqft Reduced to $759,000</span>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhOLA90M2mOS4ccZqKdz5CeN35enFYURq-VYchwCF_9dIVFxW4a2LQ4q7xwdAAIDXrKIw0gaSQOJ9ehEm38mdoeYHmJx0QZ7NgMWdYA3xI5UkPFkrg0zOjPUe8-8K07VKJHorJU_aVhxUom/s1600/Screen+Shot+2018-08-24+at+2.56.11+PM.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="574" data-original-width="1041" height="176" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhOLA90M2mOS4ccZqKdz5CeN35enFYURq-VYchwCF_9dIVFxW4a2LQ4q7xwdAAIDXrKIw0gaSQOJ9ehEm38mdoeYHmJx0QZ7NgMWdYA3xI5UkPFkrg0zOjPUe8-8K07VKJHorJU_aVhxUom/s320/Screen+Shot+2018-08-24+at+2.56.11+PM.png" width="320" /></a>Welcome
to Big Valley views from this gorgeous 3 beds and 3 baths Brock
Springfield home, in an award winning school district. Open the door to a
vaulted, two-story entry and formal living room with fireplace and wood
floors, which flow throughout most of the home. The dining area is
framed by a beautiful, large picture window looking out to the back
yard. </div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiAcZc9Jznh8KBJ_8hSkO2Ggnhmf-Ta087mcp1dRHuG5WjOY3VAlLE0Hh7aGLpYWajYthIK77jOE75TI-sPiY8Jwl3KiaeAeiMPeRG15PvNwDUfblkiz1qiSq4wwDXFfWxRQAuzzD0ReejA/s1600/Screen+Shot+2018-08-24+at+2.55.04+PM.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="586" data-original-width="962" height="194" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiAcZc9Jznh8KBJ_8hSkO2Ggnhmf-Ta087mcp1dRHuG5WjOY3VAlLE0Hh7aGLpYWajYthIK77jOE75TI-sPiY8Jwl3KiaeAeiMPeRG15PvNwDUfblkiz1qiSq4wwDXFfWxRQAuzzD0ReejA/s320/Screen+Shot+2018-08-24+at+2.55.04+PM.png" width="320" /></a>The kitchen is open to an eating area and family room, and has
granite counters, with stainless steel appliances. Sliding glass doors
lead to the entertainer's low-maintenance back yard, with built in grill
station and more views of the valley below. </div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjMlymUPgvxlbcdXv1kVcpp8dgA59K7xQNVzcTodeB5OzE0gQ2RhMxf2L-fzehddYSDxKoE6I1JcP90p_2WjyC8ySeUilgT_M3fByRhHhLjcIbU-mRLq9drEAh245V_YkvShP78SKLPl2Ya/s1600/Screen+Shot+2018-08-24+at+2.55.19+PM.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="587" data-original-width="952" height="197" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjMlymUPgvxlbcdXv1kVcpp8dgA59K7xQNVzcTodeB5OzE0gQ2RhMxf2L-fzehddYSDxKoE6I1JcP90p_2WjyC8ySeUilgT_M3fByRhHhLjcIbU-mRLq9drEAh245V_YkvShP78SKLPl2Ya/s320/Screen+Shot+2018-08-24+at+2.55.19+PM.png" width="320" /></a>Remaining downstairs,
you'll find a guest bath, laundry room and direct access to the garage.
All three bedrooms are conveniently located upstairs, with ample sized
secondary bedrooms sharing the hall bath. The master suite has its own
views, gorgeous wood floors, vaulted ceiling, walk-in closet, en-suite
bath with double sinks and water closet.</div>
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Year Built 1987</div>
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Central Air</div>
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Parking - 3 spaces</div>
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Lot 34.22 acres</div>
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3 Bedrooms</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi58Fb3s_j5tudO3yKYh25si3GqYfrGwsY-Z7eWhA0QgWjsh9ZG0BoWjcZHG57KBZXIyXZX4ZwBIV6YdzbQe2RSXfxN1ikxA0j0HifSXOGM-2O001CD7yUo6jk8Cr6_2b36WU_Yb3KVrHCz/s1600/Screen+Shot+2018-08-24+at+2.56.55+PM.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="571" data-original-width="956" height="191" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi58Fb3s_j5tudO3yKYh25si3GqYfrGwsY-Z7eWhA0QgWjsh9ZG0BoWjcZHG57KBZXIyXZX4ZwBIV6YdzbQe2RSXfxN1ikxA0j0HifSXOGM-2O001CD7yUo6jk8Cr6_2b36WU_Yb3KVrHCz/s320/Screen+Shot+2018-08-24+at+2.56.55+PM.png" width="320" /></a>Baths: 2 full, 1 half</div>
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Appliances included:<br />
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Dishwasher, Garbage disposal, Refrigerator</div>
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View: City, Mountain, Territorial</div>
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Attached Garage, 3 spaces</div>
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HOA Fee: $165/mo</div>
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MLS #: 18-379148</div>
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Last sold: Sep 2010 for $530,000</div>
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Inside, Laundry Area</div>
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Equipment: Range/Oven, Hood Fan, Gas Dryer Hookup, Barbeque<br />
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Randy Kirkhttp://www.blogger.com/profile/07187149342560881341noreply@blogger.com9tag:blogger.com,1999:blog-1338894621249930912.post-43563747773180474372018-08-22T15:29:00.000-07:002018-08-22T15:29:26.338-07:00Los Angeles Housing Market Heading Into 2019 – More of the Same
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Tight inventories, increasing demand, prices up, seller’s
market</h2>
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<span style="font-size: 12.0pt; font-weight: normal; mso-bidi-font-weight: bold;">Don’t
believe the scaremongering headlines you’ve seen in the real estate press
lately. If you spend five minutes reading the articles that underlie a headline
like “<a href="https://www.cnbc.com/2018/07/24/southern-california-home-sales-crash-a-warning-sign-to-the-nation.html"><span style="color: blue;">Southern California home sales crash, a warning sign to the
nation</span></a>,” you’ll soon see that the writers can’t support their
hyperbole. </span>
</div>
<h3>
<span style="font-size: 12.0pt; font-weight: normal; mso-bidi-font-weight: bold;">Did
a little deeper and you’ll find that respected sources say that the LA market
is 500,000 housing units short of what is needed, and that this is concentrated
in so called “affordable” homes and apartments for rent or purchase. Of course,
nobody has figured out how to create more land to build these sorely needed units.
The available land is in the Inland Empire, and that is where affordable
housing is being built. As fast as it is built, LA and OC residents are moving
out to buy it. </span></h3>
<h3>
<span style="font-size: 12.0pt; font-weight: normal; mso-bidi-font-weight: bold;">Within
LA County, the only way to add units is to tear down and increase density. This
only happens at a snail’s pace due to limited properties being offered for
sale, and layer upon layer of city, county, regional, and state hurdles to jump
through after the property is acquired. </span></h3>
<h3>
<span style="font-size: 12.0pt; font-weight: normal; mso-bidi-font-weight: bold;">Will
the exodus of residents heading to the IE and beyond (Las Vegas, Phoenix,
Dallas) ever actually impact the housing prices in LA? Possibly, but so far,
the lure of weather, entertainment, sports teams, and high paying jobs is
keeping folks in LA. You can move to Riverside and get a lot of house for the
money, but the IE is becoming the distribution capital of the US, and
warehouses don’t use much labor or pay much for the labor they do use. </span></h3>
<h3>
<span style="font-size: 12.0pt; font-weight: normal; mso-bidi-font-weight: bold;">Meanwhile,
LA has become a huge draw for the wealthy and well paid. The entertainment,
high tech, health care, and finance sectors are drawing folks from Northern
California, Seattle, Hong Kong, China, Korea, India, and Europe. They are
arriving with cash and are competing for available properties. </span></h3>
<h3>
<span style="font-size: 12.0pt; font-weight: normal; mso-bidi-font-weight: bold;">Here
is one caveat. The number of new arrivals from China has dropped off. This may
be due to a slightly softer Chinese economy, the tariff situation, or other
issues. But word on the street says there is reduced competition in some LA
markets that seems to be related to fewer mainland Chinese vying for scarce
inventory. </span></h3>
<h3>
<span style="font-size: 12.0pt; font-weight: normal; mso-bidi-font-weight: bold;"><b>Are Prices Going Down in LA County? </b></span></h3>
<h3>
<span style="font-size: 12.0pt; font-weight: normal; mso-bidi-font-weight: bold;">What
about the other headlines declaring that prices are easing, homes are staying
on the market longer, not as many offers, more sellers cutting prices. Once
again you need to dig. All four of these markers have been so high for so long
that they had to come down. The amounts they are coming down is a percent or
two. People are cutting the asking prices from the ridiculous to something just
less ridiculous. </span></h3>
<h3>
<span style="font-size: 12.0pt; font-weight: normal; mso-bidi-font-weight: bold;">Where
are we in the bubble? We are just now hitting prices from the 2006 highs in the
“affordable” neighborhoods These are actual, not inflation adjusted prices. Some
are still slightly below. Based on historical patterns we could have 40% upside
left before a bubble could be declared. But if prices only continued to track
inflation for the next several years, it is likely we would see 3% average
increases year after year. </span></h3>
<h3>
<span style="font-size: 12.0pt; font-weight: normal; mso-bidi-font-weight: bold;"><b>What About a Recession? </b></span></h3>
<h3>
<span style="font-size: 12.0pt; font-weight: normal; mso-bidi-font-weight: bold;">What
about a recession? Everyone agrees that there will be a recession at some
point. In order for the housing market in LA to go lower, you need more
inventory. It will not come from new units. It can only come from people moving
away from the county, people doubling up, or boomers finally moving to
retirement villas. If we endure a normal two quarter recession, it seems
unlikely that there will be any impact on LA real estate. </span></h3>
<h3>
<span style="font-size: 12.0pt; font-weight: normal; mso-bidi-font-weight: bold;">What
about mortgage interest rates? As long as we stay under 6% or so, there is
likely to be enough elasticity in the market to absorb the hit. If we have
several factors impacting all at once, then we could see a drop in prices. </span></h3>
<h3>
<span style="font-size: 12.0pt; font-weight: normal; mso-bidi-font-weight: bold;">For
instance, imagine that the World has a year-long recession, drying up money from
Asia. Maybe the US has a six-month recession, driving up the unemployment
numbers to 6%. The final leg in the stool could be interest rates at 7%. In
this case, you are likely to see the historical 30% drop in home prices for a
year, followed by seven more years of prices going up. </span></h3>
<h3>
<span style="font-size: 12.0pt; font-weight: normal; mso-bidi-font-weight: bold;"><b> When Should I Sell? When Should I Buy? </b></span></h3>
<h3>
<span style="font-size: 12.0pt; font-weight: normal; mso-bidi-font-weight: bold;">When
is the perfect time to sell your home? When is the perfect market to buy a new
or upgraded home? It is not a good idea to try and time the market. The best
thing you can do is make your decisions based on your needs. Do you need to
sell your home? Call Whit Prouty and discuss current market prices. Do you need
to buy a different place to handle a growing household, or just because you’d
like a nicer home or a better neighborhood? Call Whit today and lay out your
hopes and dreams. No better time to start looking than right now. </span></h3>
<h3>
<span style="font-size: 12.0pt; font-weight: normal; mso-bidi-font-weight: bold;">Call
Whit Prouty at </span><span style="background-color: blue;"><span style="font-family: "helvetica neue" , "arial" , "helvetica" , sans-serif;"><span style="font-size: x-small;"><span style="text-shadow: rgba(0, 0, 0, 0.4) 0px 4px 5px;"><span style="font-weight: bold;"><span style="color: white;">310-777-6302</span></span></span></span></span></span></h3>
<h3>
<span style="font-size: 12.0pt; font-weight: normal; mso-bidi-font-weight: bold;"> </span></h3>
<h3>
<span style="font-size: 12.0pt; font-weight: normal; mso-bidi-font-weight: bold;"> </span></h3>
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</style>Randy Kirkhttp://www.blogger.com/profile/07187149342560881341noreply@blogger.com2tag:blogger.com,1999:blog-1338894621249930912.post-13072754765573034782018-07-26T09:42:00.000-07:002018-07-29T14:23:35.094-07:00Save $250 a Month in Expenses and Buy a Bigger Home - No Lifestyle Change Required. <div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEheeirin9SOUWP9nANqDyONdfNxmHua_29rD1-Jot3rqxP2yGibqtdjppDfvkLgUrsJDsavC7hGp9D1l4TfGrpJCc4ohrwOfknh-NrS09PJq0wYJ_FxBJFz6AQCafKmuPFx51STN6Z6408U/s1600/Screen+Shot+2018-07-23+at+3.10.24+PM.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="575" data-original-width="596" height="385" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEheeirin9SOUWP9nANqDyONdfNxmHua_29rD1-Jot3rqxP2yGibqtdjppDfvkLgUrsJDsavC7hGp9D1l4TfGrpJCc4ohrwOfknh-NrS09PJq0wYJ_FxBJFz6AQCafKmuPFx51STN6Z6408U/s400/Screen+Shot+2018-07-23+at+3.10.24+PM.png" width="400" /></a></div>
<br />
<br />
When you are considering buying a home, the first consideration is affordability. As the current real estate market continues to favor sellers, prices are going up, making your ideal home more difficult to afford. You can dramatically impact the affordability by lowering your monthly expenses. We all know that might mean things like downsizing our cars or eating out less.<br />
<br />
However, here is an amazing list of ways to shave off $10 here, $50 there, and sometimes hundreds of dollars per month. With those savings, you can quickly pay down credit cards, thereby lower monthly expenses further and improving your credit score. Check out the list. <br />
<div class="MsoNormal">
<br /></div>
<ol start="1" type="1">
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in;"><span style="font-family: "times new roman" , serif; mso-fareast-font-family: "Times New Roman";">Get rid
of recurring charges you don’t need anymore – Go through every bank
statement and every credit card statement. Look for recurring charges that
you have forgotten about from online resources, magazine drives, newspaper
subscriptions, and more. We’ll assume you find one of these at $10 a
month. You might find way more. </span></li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in;"><span style="font-family: "times new roman" , serif; mso-fareast-font-family: "Times New Roman";">Call
your cable TV provider. Tell them you are considering going off grid or
switching to satellite. If you have satellite, call the provider and tell
them you are thinking of switching to cable. Watch the dance begin. You
are very likely to end up with at least $20 or more in savings. Now call
the competition with your new rate and see what they will do. You are
likely to end up with the same or better rate and some kind of promotional
money or free stuff for switching. </span></li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in;"><span style="font-family: "times new roman" , serif; mso-fareast-font-family: "Times New Roman";">Go off
the grid on cable. Between Apple TV, Hulu, NetFlicks, RedBox, Amazon
Prime, and other TV offers, it is hard to justify any upgrades to basic
service on cable or satellite. The savings for getting off of cable could
easily be $50 or more.</span></li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in;"><span style="font-family: "times new roman" , serif; mso-fareast-font-family: "Times New Roman";">On to
your cell phone, internet, and land line providers. This gets a bit more
complicated, but the cost of all of this is dropping fast. By changing
providers, bundling, unbundling, and just shopping, you are very likely to
end up saving another $30 a month and improving MBPS. Recently I tried to
end my land line service, but the bundle cost less with it that without. </span></li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in;"><span style="font-family: "times new roman" , serif; mso-fareast-font-family: "Times New Roman";">Saving
on your utilities. The water company (at least in California) will be
happy to help you cut down your water use. Check with your supplier to
find out how to get free or reduced costs products to reduce use in
bathrooms and irrigation. Then check to see what the recommended water
needs are for your yard. The electric company will help you with lighting
and other ways to save on electricity. LED lights are fantastic and save a
huge amount of money. Switch appliances to natural gas to save even more.
Saving $25 or more per month for these changes should be a cinch. </span></li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in;"><span style="font-family: "times new roman" , serif; mso-fareast-font-family: "Times New Roman";">Budget.
Keep a penny by penny ledger of all expenses for three months. There are
many online tools that can help with this process. Once you see where the
money is going, you will almost certainly be able to find ways to cut that
won't hurt even a little bit. We’ll put this down as $25.</span></li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in;"><span style="font-family: "times new roman" , serif; mso-fareast-font-family: "Times New Roman";">Shop
your car insurance. We have 4 drivers on the policy, so your results may
vary. Don’t forget to check Costco or AAA. It is not unusual to save $100
or more. You should also review your other insurance policies annually to
make sure you have the coverage you need, and to see about savings on
rates. Life insurance is another very likely savings point. </span></li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in;"><span style="font-family: "times new roman" , serif; mso-fareast-font-family: "Times New Roman";">Speaking
of Costco. The savings by purchasing your groceries and other items at
Costco are real and significant. <a href="http://www.nytimes.com/2005/07/17/business/yourmoney/17costco.html?pagewanted=all&_r=0"><span style="color: blue;">Costco marks up all items by 15%.</span></a> What they
buy for $10.00, you pay only $11.50. Most discount department stores
mark up 50% to $100. So you would pay $15.00 - $20.00. I know
you have to buy huge quantities. Find nooks all over the house for storing
commodities. Buy and extra freezer. A one-time small cost for huge
savings. Multiple online sources report Costco as cheaper than Walmart,
Sam’s, and Amazon Prime. Imagine the savings compared to your local chain
market. Potential savings of at least $25 per month per person.</span></li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in;"><span style="font-family: "times new roman" , serif; mso-fareast-font-family: "Times New Roman";">Amazon
Prime. When it isn't a Costco item, why not buy on Amazon Prime?!? Pricey
toothpaste, supplements, household items and more are almost always
cheaper on Amazon than at Target or CVS. And there is no freight and no
auto expense. When you need more, you have a record of what you
bought. Savings of another $10 per person per month.</span></li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in;"><span style="font-family: "times new roman" , serif; mso-fareast-font-family: "Times New Roman";">Get rid
of any high interest credit card. Use the savings from these other
suggestions to first pay off all credit cards with interest rates higher
than your mortgage interest rate. The only good use for a credit card is
to build credit. Pay them off every month. Or get an interest free credit
card and transfer all balances into the interest free card. If you owe
$10,000 on credit cards that charge interest and you put this on an 18
month no interest card, you’ll pay 3% for the transfer ($300) and save at
least $1800 if you pay the card off in the 18 months for a savings of $100
a month. Most families will save at least $25 per month. If you owe more
than that, try a credit union for a low interest loan. If you owe a lot
more, consider a HELOC. </span></li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in;"><span style="font-family: "times new roman" , serif; mso-fareast-font-family: "Times New Roman";">Take
your lunch to work. Eating out a lunch is expensive and usually not great
for your waistline. A normal lunch your make at home will cost under
$2.50. Savings of $100 a month and maybe 10,000 calories. </span></li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in;"><span style="font-family: "times new roman" , serif; mso-fareast-font-family: "Times New Roman";">We
promised not to suggest changes to lifestyle, but if you want to add
another huge amount of savings, get rid of one expensive, useless or
worse, habit. Smoking, buying booze in bars, daily Starbucks, fast food,
gambling (including lotto.) This could be the biggest savings of
all. An expense of just $10 per day is $300 a month. </span></li>
</ol>
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<br /></div>
<h4 class="MsoNormal" style="margin-left: .25in;">
If you are getting ready to buy or sell a home or other residential real estate, Whit Prouty is ready to help you. He is one of the top Realtors in the Los Angeles area and can help you get top dollar for your current home and/or help you find the perfect new residence. Call Whit at <span style="background-color: blue;"><span style="font-family: "helvetica neue" , "arial" , "helvetica" , sans-serif;"><span style="font-size: small;"><span style="text-shadow: rgba(0, 0, 0, 0.4) 0px 4px 5px;"><span style="font-weight: bold;"><span style="color: white;">310-777-6302</span></span></span></span></span></span> </h4>
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</style>Randy Kirkhttp://www.blogger.com/profile/07187149342560881341noreply@blogger.com6tag:blogger.com,1999:blog-1338894621249930912.post-62037231690295702522018-06-28T20:42:00.000-07:002018-06-29T07:31:22.078-07:00Amazing Remodeled Duplex in South West Los Angeles - Live in One, Rent One, or Rent Both - Reduced to $620,000<div class="separator" style="clear: both; text-align: center;">
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiqSUJ9CQMwcPYtCs93q1m3p3-Ux7BQgJSFIZaHGJwGh2O4u0AT_6xrZsC9rPntWN0X5kB2gv0CPpF8LuEMrPOxSkG6bAD-VbNAmE6rWMIlMaPiTO63bcuZJLp40LfikvFeei9sq-cKTH2E/s1600/Screen+Shot+2018-06-01+at+8.33.09+AM.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="564" data-original-width="1017" height="354" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiqSUJ9CQMwcPYtCs93q1m3p3-Ux7BQgJSFIZaHGJwGh2O4u0AT_6xrZsC9rPntWN0X5kB2gv0CPpF8LuEMrPOxSkG6bAD-VbNAmE6rWMIlMaPiTO63bcuZJLp40LfikvFeei9sq-cKTH2E/s640/Screen+Shot+2018-06-01+at+8.33.09+AM.png" width="640" /></a></div>
<br />
Fantastic opportunity to own this newly completed conversion from a
single family home to a DUPLEX. Taken down to the studs, reconfigured,
remodeled, square footage added, Ready for your new "market rent"
tenants, or live in one and rent one out.<br />
<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhGXY02fpfh4IM9KtJbImbh8zl_OB0Atyryv5PAr2G2glZLUQjkcBE0EXRogo5A0_Vh2-tJw1k5p9oTcU9vH3EvTRz3hhdFkvJqxmSjAce8XmQJI6dz_yQM-PUK1OXAm3ftZT4uUcBAtD7O/s1600/Screen+Shot+2018-06-29+at+11.25.02+AM.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="624" data-original-width="903" height="221" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhGXY02fpfh4IM9KtJbImbh8zl_OB0Atyryv5PAr2G2glZLUQjkcBE0EXRogo5A0_Vh2-tJw1k5p9oTcU9vH3EvTRz3hhdFkvJqxmSjAce8XmQJI6dz_yQM-PUK1OXAm3ftZT4uUcBAtD7O/s320/Screen+Shot+2018-06-29+at+11.25.02+AM.png" width="320" /></a></div>
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgllRwIXRCtVLUcFf8XbD8OX87Djw7RtV_CCAciPtYz-vMfdFQXc8hx4yjI1skw2df66qZ9B5kxaK30HMglnc1MZUd6CuuxDDjYyjpRv5_g9-Qgcjxz-WjcDZDfNy1oTxLH2VejY5pscoZ_/s1600/Screen+Shot+2018-06-29+at+11.25.36+AM.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="641" data-original-width="901" height="227" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgllRwIXRCtVLUcFf8XbD8OX87Djw7RtV_CCAciPtYz-vMfdFQXc8hx4yjI1skw2df66qZ9B5kxaK30HMglnc1MZUd6CuuxDDjYyjpRv5_g9-Qgcjxz-WjcDZDfNy1oTxLH2VejY5pscoZ_/s320/Screen+Shot+2018-06-29+at+11.25.36+AM.png" width="320" /></a></div>
<br />
<br />
This is a wonderful trophy
property. One unit has 2 beds and 2 baths, and another unit has 1 bed
and 1 bath. There is a detached garage with additional space, and an
attached car port. Both the front and back yard have been completely
landscaped and the property is fenced and gated. Each unit has beautiful
laminate flooring, stone countertops, new stainless steel appliances,
custom cabinetry, recessed lighting, new heating, new double pane
windows, all new drywall and electric.<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi8PjJrAdPX4Crr8ajezNuvQduOZBUTGwmEr9T8FhLVDbkX30FWFmzNt1WFc31W7kCweQnPFtjhJWnv-9o9__qyJ-JPMLOJ5pxptm3hPha9q_W3hJ6TQ1e1aDwWmm33724T5umOzmqBQ3Bm/s1600/Screen+Shot+2018-06-01+at+8.34.46+AM.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="569" data-original-width="1014" height="223" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi8PjJrAdPX4Crr8ajezNuvQduOZBUTGwmEr9T8FhLVDbkX30FWFmzNt1WFc31W7kCweQnPFtjhJWnv-9o9__qyJ-JPMLOJ5pxptm3hPha9q_W3hJ6TQ1e1aDwWmm33724T5umOzmqBQ3Bm/s400/Screen+Shot+2018-06-01+at+8.34.46+AM.png" width="400" /></a></div>
<br />
<br />
This property is Turn-Key. There
is a beautiful deck for entertaining in the back with banana trees, a
pond and waterfall, and lush grassy area.<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEisTivtFfnD77sWIreHbABE4-pjI-NIQhwOm2Y1W_x72L3bLvhCYHafmsgZSN3RxLEsQVOTrHSQiQ-6kQjYkKSesU3nKhNt7v0-bncLcJAskWQT2BnSNN6gFe6zhj1gg5PC1M-fsKSPf3Hj/s1600/Screen+Shot+2018-06-29+at+11.33.25+AM.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="276" data-original-width="414" height="266" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEisTivtFfnD77sWIreHbABE4-pjI-NIQhwOm2Y1W_x72L3bLvhCYHafmsgZSN3RxLEsQVOTrHSQiQ-6kQjYkKSesU3nKhNt7v0-bncLcJAskWQT2BnSNN6gFe6zhj1gg5PC1M-fsKSPf3Hj/s400/Screen+Shot+2018-06-29+at+11.33.25+AM.png" width="400" /></a></div>
<br />
<br />
All of this, and you are only blocks from USC, Exposition Park, California Science Center, The Coliseum, The Sports Arena, the 110 Freeway and all of Downtown LA is just minutes from this location. Plenty of Shopping and Public Transportation within walking distance. <br />
<br />
<div class="home-details-facts-features-section-heading" id="yui_3_18_1_1_1530241892082_6056">
Facts and Features</div>
<div class="home-facts-at-a-glance-section">
<div class="fact-group zsg-lg-1-3 zsg-md-1-2">
<div class="zsg-media-img">
<span class="at-a-glance-icon zsg-icon-buildings"></span></div>
<div class="zsg-media-bd">
<div class="fact-value">
Type - Multi Family</div>
</div>
</div>
<div class="fact-group zsg-lg-1-3 zsg-md-1-2">
<div class="zsg-media-img">
<span class="at-a-glance-icon zsg-icon-calendar"></span></div>
<div class="zsg-media-bd">
<div class="fact-value">
Year Built - 1921</div>
</div>
</div>
<div class="fact-group zsg-lg-1-3 zsg-md-1-2">
<div class="zsg-media-img">
<span class="at-a-glance-icon zsg-icon-parking"></span></div>
<div class="zsg-media-bd">
<div class="fact-value">
Parking - 4 spaces</div>
</div>
</div>
<div class="fact-group zsg-lg-1-3 zsg-md-1-2">
<div class="zsg-media-img">
<span class="at-a-glance-icon zsg-icon-mls"></span></div>
<div class="zsg-media-bd">
<div class="fact-value">
MLS # - 18-349520</div>
</div>
</div>
<div class="fact-group zsg-lg-1-3 zsg-md-1-2">
<div class="zsg-media-img">
<span class="at-a-glance-icon zsg-icon-price-sqft"></span></div>
<div class="zsg-media-bd">
<div class="fact-value">
Price/sqft - $483</div>
</div>
</div>
</div>
<div class="home-details-facts-category-group-container">
<div class="category-group-name">
Interior Features</div>
<div class="category-group-categories">
<div class="category-facts">
<div class="category-name">
Bedrooms - 3</div>
Bathrooms - 3<br />
<div class="fact-container">
<div>
<div class="fact-value">
Heating: Wall</div>
</div>
</div>
</div>
Floor size: 1,284 sqft<br />
<div class="category-container">
<div class="category-facts">
<div class="fact-container">
<div>
<div class="fact-value">
Flooring: Laminate</div>
</div>
</div>
</div>
</div>
</div>
</div>
<div class="category-container">
<div class="category-group-name">
Building</div>
<div class="category-facts">
<div class="fact-container">
<div>
<div class="home-details-facts-category-group-container">
Unit count: 2 Units <br />
<div class="category-group-categories">
<div class="category-container">
<div class="category-facts">
<div class="fact-container">
<div>
<div class="fact-value">
PropertyType: Residential Income Duplex </div>
</div>
</div>
</div>
</div>
<div class="category-container">
<div class="category-name">
Materials</div>
<div class="category-facts">
<div class="fact-container">
<div>
<div class="fact-value">
Roof: Asphalt</div>
</div>
</div>
</div>
</div>
<div class="category-container">
<div class="fact-value">
Dates - Built in 1921</div>
</div>
<div class="category-container">
<div class="category-name">
Other Construction Features</div>
<div class="category-container">
<div class="fact-container">
<div>
<div class="fact-value">
Lot: 6,756 sqft</div>
</div>
</div>
<div class="category-facts">
<div class="fact-container">
<div>
<div class="fact-value">
Parcel #: 5020007035</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
<div>
<div class="category-group-name">
Community and Neighborhood</div>
<div class="fact-value">
Carport, 4 spaces</div>
</div>
<div class="home-details-facts-category-group-container">
<div class="category-group-categories">
<div class="category-container">
<div class="category-facts">
<div class="fact-container">
<div>
<div class="fact-value">
ParkingGarage: Garage - 1 Car, Driveway Gate</div>
</div>
</div>
</div>
</div>
</div>
</div>
<div>
<div class="category-group-name">
Utilities</div>
<div class="fact-value">
May 2017 for $387,000</div>
</div>
<div class="home-details-facts-category-group-container">
<div class="category-group-categories">
<div class="category-container">
<div class="category-facts">
<div class="fact-container">
<div>
<div class="fact-value">
Equipment: Range/Oven, Alarm System</div>
</div>
</div>
<div class="fact-container">
<div>
<div class="fact-label">
PropertyCondition: </div>
<div class="fact-value">
New Construction, Updated/Remodeled</div>
</div>
</div>
<div class="fact-container">
<div>
<div class="fact-label">
ListingArea: </div>
<div class="fact-value">
Los Angeles Southwest</div>
</div>
</div>
<div class="fact-container">
<div>
<div class="fact-value">
Laundry: Outside</div>
</div>
</div>
<div class="fact-container">
<div>
<div class="fact-label">
SourceLivingArea: </div>
</div>
</div>
</div>
</div>
</div>
</div>
Randy Kirkhttp://www.blogger.com/profile/07187149342560881341noreply@blogger.com4tag:blogger.com,1999:blog-1338894621249930912.post-78378625420116360812018-05-30T09:56:00.000-07:002018-05-30T11:16:36.363-07:00Will $120 per Month Stop the Purchase of a $1,000,000 Home? <br />
<div class="MsoNormal">
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjG289yXnprFujIoCd3Z4z-YehFlucZIqChpXU3Ikb9B7OzhhYvoUJmz3dIoyk30Gj8FilONys2VhxV8PVsiPy9n2FFuEe0zkSqzvjEspMDntP5XhNCF4WRQhb9zlk81MRVs_YT1IDz9gYv/s1600/AdobeStock_90678136.jpeg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1067" data-original-width="1600" height="426" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjG289yXnprFujIoCd3Z4z-YehFlucZIqChpXU3Ikb9B7OzhhYvoUJmz3dIoyk30Gj8FilONys2VhxV8PVsiPy9n2FFuEe0zkSqzvjEspMDntP5XhNCF4WRQhb9zlk81MRVs_YT1IDz9gYv/s640/AdobeStock_90678136.jpeg" width="640" /></a></div>
<br /></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
We have finally come to the end
of the amazing and historically unique time when mortgage interest rates on
30-year fixed mortgages hovered around 4%, even dropping to under 3.5% for a
while. But we are now seeing interest rates headed up. Surprising, this aberration did not result In a massive influx of new home purchases
or of new home building. The reasons for this are many and varied. But while
the US enjoyed these rates, the main benefactors were existing homeowners who
refinanced. </div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
Simultaneously, the lack of new residential construction and
the inclination for seniors to age-in-place, created shortages in available
homes and apartments to buy or rent, driving prices and rents up rapidly. </div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
Now the pundits and some in the real estate industry are
panicking over the interest rate increases, with mortgage interest in the late
Spring of 2018 reaching over 4.75%. In the historical context, these rates are
still very low. To give a bit of context: </div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhYORXOg4FS-EbgwuzhWeUHdELSzN25HdRvHDujrrffHyujo2xFpZvxlM2duVbaxI9ac-2K1dSG-wqbIldhNicD0P503q5L_iRBUvYk_GPySO4l0UiOEn44VgwPzqa15I9NY7gKju8PCch3/s1600/Screen+Shot+2018-05-26+at+3.30.44+PM.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="293" data-original-width="549" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhYORXOg4FS-EbgwuzhWeUHdELSzN25HdRvHDujrrffHyujo2xFpZvxlM2duVbaxI9ac-2K1dSG-wqbIldhNicD0P503q5L_iRBUvYk_GPySO4l0UiOEn44VgwPzqa15I9NY7gKju8PCch3/s1600/Screen+Shot+2018-05-26+at+3.30.44+PM.png" /></a></div>
<span style="mso-no-proof: yes;"><br /></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
From 1900 – 1967 rates were narrowly confined between 5% and
6%, except for a brief time at the end of WWII. </div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<a href="https://www.blogger.com/blogger.g?blogID=1338894621249930912" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"></a><a href="https://www.blogger.com/blogger.g?blogID=1338894621249930912" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"></a><a href="https://www.blogger.com/blogger.g?blogID=1338894621249930912" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"></a><a href="https://www.blogger.com/blogger.g?blogID=1338894621249930912" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"></a><a href="https://www.blogger.com/blogger.g?blogID=1338894621249930912" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"></a>From 1967 – 2007 Rates ran up starting in 1967 all the way
through the housing bubble bust of 2007. During this period rates were well
above 6%, climbing as high as 17% in the credit crisis of 1982.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<div class="separator" style="clear: both; text-align: center;">
<span style="mso-no-proof: yes;"></span><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgSQ7BjWrbPaXHEfSxYBCQVJMiIZjqJRhewrRm7y_TO9rxXjqHf5yW9gX8Hu3PiHE2f9YUKxt6Xvj6hqXuKDFjO3R7yByyFUhTuUmUH5uSuPyhN0h5Mu-lsyABq-ZVr2cRgDteVpxUD6WJ3/s1600/Screen+Shot+2018-05-26+at+3.37.52+PM.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="445" data-original-width="773" height="368" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgSQ7BjWrbPaXHEfSxYBCQVJMiIZjqJRhewrRm7y_TO9rxXjqHf5yW9gX8Hu3PiHE2f9YUKxt6Xvj6hqXuKDFjO3R7yByyFUhTuUmUH5uSuPyhN0h5Mu-lsyABq-ZVr2cRgDteVpxUD6WJ3/s640/Screen+Shot+2018-05-26+at+3.37.52+PM.png" width="640" /></a></div>
</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<br />
2007 – 2018. The housing bust, bank debacle, great recession
combination drove mortgage interest rates to unimagined lows for over a decade.
With the economy getting stronger, the Fed has seen fit to increase Fed Funds
Rates and is starting to sell off assets purchased to keep the economy from
crashing. The net intended affect is to send all interest rates higher to stave
off potential inflation above the Fed goal of 2% annually.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiEk3egZWAmT0oPMilNGToAZBhOMN4taBFvSAdQtuvIGKHqWfUqrvWefpwNVq4sHTCrH2ZJM8mpg0-O1Qcy7-hwZ_1AwDtGfKVgL9auHFRQrUKD9Ov6Nx5pQsXQdMlnkcfyGlTOTqwqAdGV/s1600/Screen+Shot+2018-05-26+at+4.27.08+PM.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="328" data-original-width="644" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiEk3egZWAmT0oPMilNGToAZBhOMN4taBFvSAdQtuvIGKHqWfUqrvWefpwNVq4sHTCrH2ZJM8mpg0-O1Qcy7-hwZ_1AwDtGfKVgL9auHFRQrUKD9Ov6Nx5pQsXQdMlnkcfyGlTOTqwqAdGV/s1600/Screen+Shot+2018-05-26+at+4.27.08+PM.png" /></a></div>
<br /></div>
<div class="MsoNormal">
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<br /></div>
<div class="MsoNormal">
Thus far in the 2018, we’ve seen rates increases that the
headlines have described as the fastest increases in history. There seems to be
some panic around all this. However, there is every reason to believe that
rates will eventually settle into the 5%-6% range that seems to “normal”
outside of extenuating circumstances.<span style="mso-spacerun: yes;"> </span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
Will we have extenuating circumstances? Who can know? The
primary driver of mortgage interest rates is bond interest rates and Federal
Reserve rates. Some would argue that we have a bond bubble caused by massive
borrowing in the government and public spheres. If that were to bust, we could
see bond rates go much higher. Very few are expecting that in the near term. </div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
The economy could accelerate out of control, creating
inflation, and Federal Reserve efforts to slow the economy down using higher
interest rates. It is hard to find anyone predicting economic growth above 4%,
and most seem to agree that the economy could grow quite a bit without serious
inflation. </div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b>What does all this mean to the average citizen who owns a
home or is contemplating purchasing a home?</b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
The big worry is that higher interest rates means that the
cost of ownership goes up. But while every decision about purchasing can be affected
by small incremental changes, the increases here would seem unlikely to do much
damage in the overheated real estate market. </div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
As noted in the headline, each increase in the interest rate
of 0.25%, from say 4.5% to 4.75% will increase the payment on a $1,000,000 home
by $120 a month or about 0.025% of the payment of $2450 (including property tax,
insurance, etc.) Another way to look at it is that the increase of an entire 1%
will increase the payment by $480.<br />
</div>
<div class="MsoNormal">
If this buyer was maxed out on their ability to pay, either
by their own budgeting or by the mortgage underwriting, they would need to drop
their expectations to a home of about $900,000. For the first time homebuyer
this could be an issue and could drive down prices by some amount. </div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<a href="https://www.blogger.com/blogger.g?blogID=1338894621249930912" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"></a><a href="https://www.blogger.com/blogger.g?blogID=1338894621249930912" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"></a><a href="https://www.blogger.com/blogger.g?blogID=1338894621249930912" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"></a><a href="https://www.blogger.com/blogger.g?blogID=1338894621249930912" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"></a><a href="https://www.blogger.com/blogger.g?blogID=1338894621249930912" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"></a>However, a huge part of the market right now is all cash
deals, high-roller tech employees, and homeowners looking to move up or down.
The first group has high incomes, the second group has flexibility regarding
down payments. Having said this it would be pollyannaish to think that a 1% or
more move will have no force in home pricing. </div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<a href="https://www.blogger.com/blogger.g?blogID=1338894621249930912" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"></a><a href="https://www.blogger.com/blogger.g?blogID=1338894621249930912" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"></a><a href="https://www.blogger.com/blogger.g?blogID=1338894621249930912" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"></a><a href="https://www.blogger.com/blogger.g?blogID=1338894621249930912" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"></a><a href="https://www.blogger.com/blogger.g?blogID=1338894621249930912" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"></a><b>The mitigating forces that are likely to keep home prices
moving up</b></div>
<ul>
<a href="https://www.blogger.com/blogger.g?blogID=1338894621249930912" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"></a><a href="https://www.blogger.com/blogger.g?blogID=1338894621249930912" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"></a><a href="https://www.blogger.com/blogger.g?blogID=1338894621249930912" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"></a><a href="https://www.blogger.com/blogger.g?blogID=1338894621249930912" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"></a><a href="https://www.blogger.com/blogger.g?blogID=1338894621249930912" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"></a>
<li>Demand is high, increasing, and likely to continue to
increase. </li>
<li>Supply is low, decreasing, and unlikely to increase compared
to supply</li>
<li>Current home prices have not retaken 2007 levels when
adjusting for inflation. </li>
</ul>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
If you’d like to review the details of those three
assertions, please go <a href="http://blog.whitprouty.com/2017/12/los-angeles-real-estate-predictions.html"><span style="color: red;">here. </span></a></div>
<div class="MsoNormal">
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Assuming those three statements to be true, the upward force
on prices has been at the rate of about 7% per year. A ballpark guess might be
that the interest rate increases might slow that in half for a couple of years.
But there’s one more mitigating force that needs to be considered. </div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
People tend to panic, and the panic in this case would cause
folks to try and get the today rate at 4.75% before it goes to 5%, and under
one theory of investing, they would be correct. This theory assumes that to the
extent that you wish to own, and that you intend to own for many years into the
future, even if you sell and buy one or more times in your life, what you pay
to make your initial purchase will not be that consequential. </div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
Moreover, if interest rates continue up and home prices,
too, you’ll be thrilled at your decision. If interest rates drop in the future,
you can refinance. If home prices drop, you only lose if you sell and don’t
repurchase at an equally deflated price. </div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b>Final recommendation</b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
If you want to own your own home, or if you want to buy a
different residence, don’t fret the price or the interest rate. Make the wisest
decision regarding your needs, the neighborhood, and your ability to pay. The
rest will sort itself out over time.<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://www.blogger.com/blogger.g?blogID=1338894621249930912" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"></a><a href="https://www.blogger.com/blogger.g?blogID=1338894621249930912" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"></a><a href="https://www.blogger.com/blogger.g?blogID=1338894621249930912" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"></a><a href="https://www.blogger.com/blogger.g?blogID=1338894621249930912" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"></a><a href="https://www.blogger.com/blogger.g?blogID=1338894621249930912" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"></a></div>
<br />
<span style="font-size: small;">If you are ready to buy your home, whether your first or a move to a new-to-you home, Whit can help you find the perfect place. If you are ready to sell your property, Whit wrote the book on how to sell your Los Angeles Home. <span style="font-family: "raleway" , sans-serif;"><span style="text-shadow: rgba(0, 0, 0, 0.4) 0px 4px 5px;"><span style="font-weight: bold;">310-777-6302</span></span></span></span> <br />
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</style>Randy Kirkhttp://www.blogger.com/profile/07187149342560881341noreply@blogger.com9tag:blogger.com,1999:blog-1338894621249930912.post-91898765895987823152018-03-15T17:13:00.000-07:002018-04-04T11:47:19.610-07:00Beverly Hills West Flats Home for Sale - 517 N Bedford Dr, Beverly Hills, CA 90210<div class="zsg-lg-2-3 zsg-sm-1-1 hdp-header-description" id="yui_3_18_1_2_1521155419029_2092">
<br />
<header class="zsg-content-header addr" id="yui_3_18_1_2_1521155419029_2091"> <div class="separator" style="clear: both; text-align: center;">
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<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<br />
<h1 class="notranslate" id="yui_3_18_1_2_1521155419029_2090">
517 N Bedford Dr, <span class="zsg-h2 addr_city">Beverly Hills, CA 90210</span> </h1>
<h3 class="">
<span class="addr_bbs">3 beds</span><span class="middle-dot"> </span><span class="addr_bbs">3 baths</span><span class="middle-dot"> </span><span class="addr_bbs">2,451 sqft</span> </h3>
</header></div>
<div class="zsg-lg-1-3 zsg-md-1-1 hdp-summary">
<div class=" " id="home-value-wrapper">
<div class="estimates">
<div class=" status-icon-row for-sale-row home-summary-row">
<span class="zsg-icon-for-sale for-sale" data-icon-class="zsg-icon-for-sale" id="listing-icon"></span> For Sale <span class=""> <span class="value-suffix"> </span></span> </div>
<div class="main-row home-summary-row">
<span class=""> $5,999,000 <span class="value-suffix"> </span></span> </div>
</div>
</div>
<div class="lpb-enhancement zsg-content-item">
<span class="zsg-fineprint">Listed by:</span><img height="40" src="https://photos.zillowstatic.com/l_c/ISq5pgiauaudij0000000000.jpg" width="80" /></div>
</div>
<br />
If you prefer walking to driving, everything you'll ever want or need is a short walk from your front door. The finest dining and most elegant shopping outlets in the world are just blocks away. The outstanding
location is in the West Flats of Beverly Hills, near internationally acclaimed hotels and world-class shopping. Just a few of the shops you'll find in your new neighborhood:<br />
<br />
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj6SQcd8D0Gf_DyG6GtttlI6Ihe6bZIBbX0tUkpfUDIvPBhwTLVBEegqCk9hctigal-CDbGSoYs9DEnGlwzfwaANw_BIYPF-L6LsrEofK1otPfsNEYoReKS7HikC39XdHEASK16L_xPYZ5h/s1600/Screen+Shot+2018-03-15+at+4.54.22+PM.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="614" data-original-width="797" height="246" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj6SQcd8D0Gf_DyG6GtttlI6Ihe6bZIBbX0tUkpfUDIvPBhwTLVBEegqCk9hctigal-CDbGSoYs9DEnGlwzfwaANw_BIYPF-L6LsrEofK1otPfsNEYoReKS7HikC39XdHEASK16L_xPYZ5h/s320/Screen+Shot+2018-03-15+at+4.54.22+PM.png" width="320" /></a><br />
<ul>
<li>Agent Provocateur, 242 North Rodeo Drive</li>
<li>Alfred Dunhill (in Saks Fifth Avenue), 9600 Wilshire Boulevard </li>
<li>Anthropologie, 211 South Beverly Drive </li>
<li>Armani, 436 North Rodeo Drive </li>
<li>Badgley Mischka, 477 North Rodeo Drive </li>
<li>Bally, 340 North Rodeo Drive </li>
<li>Banana Republic, 357 North Rodeo Drive </li>
<li>Bang & Olufsen, 479 North Rodeo Drive #104 </li>
<li>BCBG Max Azria, 443 North Rodeo Drive </li>
<li>Bijan, 420 North Rodeo Drive </li>
<li>Brioni, 459 North Rodeo Drive</li>
<li>Brooks Brothers, 468 North Rodeo Drive </li>
<li>Bottega Veneta, 457 North Rodeo Drive </li>
<li>Bulgari, 401 North Rodeo Drive </li>
<li> Burberry, 301 North Rodeo Drive </li>
<li>Carroll & Co., 425 North Canon Drive </li>
<li>Cartier, 370 North Rodeo Drive </li>
<li>Chanel, 400 North Rodeo Drive </li>
<li>Christian Dior, 315 North Rodeo DriveChristofle, 9515 Brighton Way</li>
</ul>
For more like this go to the bottom of the page. <br />
<br />
The home is outfitted with three bedrooms (A 3rd bedroom could be converted to a den, library, office or crafts room) and 2~ baths. You'll love how this home
retains a traditional east coast style. The entry foyer leads to
spacious rooms with abundant natural light, crown moldings, recessed
lighting, and wood floors in much of the home.<br />
<br />
The living room features a
fireplace against a wainscoted wall with built-in bookcase and bay
window looking out to a brick patio and grassy yard. Entertaining is a<span class="" id="util_TextFold_toggleArea">
breeze in the generously-sized formal dining room with bay window,
built-in cabinets, and china hutch alcove. The kitchen has travertine
floors, wood cabinets with self-closing drawers, granite countertops,
and sunny breakfast room. Two bedroom suites benefit from dual closets
and private baths. The den is carpeted, with a brick fireplace, vaulted
ceiling, and glass doors to the yard. </span><br />
<br />
<span class="" id="util_TextFold_toggleArea">Re-fresh this pied-a-terre, or
create your dream home at this incredible location with a land-value
price that is very competitive in this neighborhood. </span><br />
<br />
<h2 class="title tablet-up-show">
<span class="details-block-header-main-text">Full Property Details </span><span class="subtitle notranslate"><span class="subtitle-address">for 517 N Bedford Dr</span></span></h2>
<div class="col-1">
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjUe5UiZgMZ53XPmlKAU-Cq8Kt3nBxYlN9J1ztJm9DIV-D1LdB-HvC1d89S7RAvrDSc46Jy79AIc1KsiEEmXcIAJgrBwrtcGafUe0WUkHu0_u0a9PsjxY_S95HxzAxL5O29BKEOqzQmE0b1/s1600/Screen+Shot+2018-03-15+at+5.09.41+PM.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img alt="Beverly Hills West Flats Home for Sale" border="0" data-original-height="309" data-original-width="891" height="220" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjUe5UiZgMZ53XPmlKAU-Cq8Kt3nBxYlN9J1ztJm9DIV-D1LdB-HvC1d89S7RAvrDSc46Jy79AIc1KsiEEmXcIAJgrBwrtcGafUe0WUkHu0_u0a9PsjxY_S95HxzAxL5O29BKEOqzQmE0b1/s640/Screen+Shot+2018-03-15+at+5.09.41+PM.png" title="Beverly Hills West Flats Home for Sale" width="640" /></a></td></tr>
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</tbody></table>
<h3 class="subhead">
General</h3>
<ul>
<li><b>Price: </b> $5,999,000</li>
<li><b>Status: </b> Active</li>
<li><b>Type: </b> Single Family</li>
<li><b>MLS ID: </b> 18-322082</li>
<li><b>Updated: </b> 3/12/2018</li>
<li><b>Added: </b> 3 day(s) ago</li>
</ul>
<h3 class="subhead">
Property History</h3>
<ul>
<li class="notranslate address">517 N Bedford Dr, Beverly Hills, CA</li>
<li>Listed at <b>$5,999,000</b> on 3/12/18</li>
</ul>
<div class="property-save">
<div class="meta-link">
<a class="icon-heart" data-origin="pd_receive_alerts_link" data-pid="23430329" href="https://www.coldwellbankerhomes.com/ca/beverly-hills/517-n-bedford-dr/pid_23430329/#">Get price and status alerts for <span class="notranslate">517 N Bedford Dr</span></a></div>
</div>
</div>
<div class="col-2">
<div class="split-2">
<div class="col">
<h3 class="subhead">
Interior</h3>
<ul>
<li><b>Rooms/Areas: </b> Dining Room, Master Bedroom, Den, Formal Entry, Living Room</li>
<li><b>Number of Fireplaces: </b> 2</li>
<li><b>Fireplace(s): </b> Den, Living Room</li>
<li><b>Eating Areas: </b> Breakfast Room, Formal Dining Room</li>
<li><b>Appliances: </b> Dishwasher, Garbage Disposal, Refrigerator, Range</li>
<li><b>Flooring: </b> Carpet, Ceramic Tile, Wood</li>
</ul>
<h3 class="subhead">
Rooms</h3>
<h4 class="subhead-meta">
Bathrooms</h4>
<ul>
<li><b>Total Bathrooms: </b> 3</li>
<li><b>Full Bathrooms: </b> 2</li>
<li><b>Half Bathrooms: </b> 1</li>
</ul>
<h4 class="subhead-meta">
Bedrooms</h4>
<ul>
<li><b>Total Bedrooms: </b> 3</li>
</ul>
<h4 class="subhead-meta">
Other Rooms</h4>
<ul>
<li><b>Laundry: </b> Individual Room</li>
</ul>
<h3 class="subhead">
Additional Information</h3>
<ul>
<li><b>Pool Description: </b> No Pool</li>
<li><b>Spa Description: </b> None</li>
</ul>
<h3 class="subhead">
Exterior</h3>
<ul>
<li><b>Deck/Patio: </b> Open Patio</li>
</ul>
<h3 class="subhead">
Parking</h3>
<ul>
<li><b>Parking Type: </b> Garage Is Detached, Garage (Two Doors)</li>
<li><b>Parking: </b> Driveway</li>
</ul>
<h3 class="subhead">
Location</h3>
<ul>
<li><b>County: </b> Los Angeles</li>
<li><b>Driving Directions: </b> North of Santa Monica Blvd in middle of block.</li>
</ul>
</div>
<div class="col">
<h3 class="subhead">
School Information</h3>
<ul>
<li><b>Elementary School: </b> BHUSD</li>
<li><b>Middle School: </b> BHUSD</li>
<li><b>High School: </b> BHUSD</li>
</ul>
<h3 class="subhead">
Heating & Cooling</h3>
<ul>
<li><b>Cooling Type: </b> Central Air Conditioning</li>
<li><b>Heating Type: </b> Forced Air</li>
</ul>
<h3 class="subhead">
Structural Information</h3>
<ul>
<li><b>Architectural Style: </b> Traditional</li>
<li><b>Structure Type: </b> Single Family</li>
<li><b>Common Walls: </b> Detached/No Common Walls</li>
<li><b>Square Feet: </b> 2,451</li>
<li><b>Sq. Ft. Source: </b> Public Records</li>
<li><b>Year Built: </b> 1922</li>
</ul>
<h3 class="subhead">
Lot Features</h3>
<ul>
<li><b>Property View: </b> No View</li>
<li><b>Lot Size (Sq. Ft.): </b> 11,787</li>
<li><b>Lot Size Source: </b> Public Records</li>
<li><b>Zoning: </b> BHR1*</li>
</ul>
<h3 class="subhead">
Financial Considerations</h3>
<ul>
<li><b>Price Per Sq. Ft.: </b> $2,447.57</li>
</ul>
<h3 class="subhead">
Disclosures and Reports</h3>
<ul>
<li><b>Special Conditions: </b> Standard Sale</li>
<li><b>Legal Disclosures: </b> Trust/Conservatorship, Commission to Buyer Agent</li>
</ul>
</div>
</div>
</div>
<br />
<span class="" id="util_TextFold_toggleArea"> Continuation of the walkable shopping for this home</span><br />
<div class="comp native-placeholder mntl-block" id="native-placeholder_1-0">
</div>
<ul class="html-slice">
<li> Christofle, 9515 Brighton Way</li>
<li> <a data-component="link" data-ordinal="2" data-source="inlineLink" data-type="externalLink" href="http://www.coach.com/store-rodeo-drive.html" rel="nofollow noopener" target="_blank">Coach</a>, 327 North Rodeo Drive (flagship) </li>
<li>Crate & Barrel, 438 North Beverly Drive </li>
<li>David Orgell, 262 North Rodeo Drive </li>
<li>David Yurman, 371 North Rodeo Drive </li>
<li>Dolce & Gabbana, 342 North Rodeo Drive # 204 </li>
<li>Ermenegildo Zegna, 337 North Rodeo Drive </li>
<li>Escada, 9502 Wilshire Boulevard</li>
<li>Eres, 9566 Dayton Way </li>
<li>Etro, 9501 Wilshire Boulevard </li>
<li>Fendi, 355 North Rodeo Drive </li>
<li>Ferragamo, 357 North Rodeo Drive </li>
<li>Frette Beverly Hills, 445 North Rodeo Drive </li>
<li>Gucci. 347 North Rodeo Drive </li>
<li>Guess?, 411 North Rodeo Drive </li>
<li>Harry Winston, 310 North Rodeo Drive </li>
<li>Hèrmes, 434 North Rodeo Drive </li>
<li>Hugo Boss, 414 North Rodeo Drive </li>
<li>Jimmy Choo, 240 Via Rodeo Drive </li>
<li>Lacoste, 447 North Rodeo Drive </li>
<li> <a data-component="link" data-ordinal="3" data-source="inlineLink" data-type="internalLink" href="https://www.tripsavvy.com/top-online-lingerie-stores-1863342">La Perla</a>, 433 North Rodeo Drive </li>
<li>Lladró Porcelain, 234 North Rodeo Drive </li>
<li> Loro Piana, 455 North Rodeo Drive </li>
<li>Louis Vuitton, 295 North Rodeo Drive </li>
<li> Marina Rinaldi, 9656 Wilshire Boulevard </li>
<li>Michael Kors, 360 North Rodeo Drive </li>
<li> Mikimoto, 9500 Wilshire Boulevard </li>
<li>Mont Blanc, 323 North Rodeo Drive </li>
<li>Neiman Marcus, 9700 Wilshire Boulevard</li>
<li>Niketown, 9560 Wilshire Boulevard </li>
<li>Oilily, 9520 Brighton Way </li>
<li>Patek Philippe, 360 North Rodeo Drive</li>
<li>Polo Ralph Lauren, 456 North Rodeo Drive </li>
<li>Porsche Design, 236 North Rodeo Drive </li>
<li>Pottery Barn, 300 North Rodeo Drive </li>
<li>Prada, 343 North Rodeo Drive </li>
<li>Roberto Cavalli, 362 North Rodeo Drive </li>
<li> Rolex, 360 North Rodeo Drive </li>
<li>Saks Fifth Avenue, 9600 Wilshire Boulevard </li>
<li>Scandia Down Shop, 332 North Beverly Drive </li>
<li>Stuart Weitzman, 437 North Rodeo Drive </li>
<li>Taschen Books, 354 North Beverly Drive </li>
<li>Tiffany & Co., 210 North Rodeo Drive </li>
<li>Tod's, 333 North Rodeo Drive</li>
<li>Tori Burch, 366 North Rodeo Drive</li>
<li>Tumi, 430 North Rodeo Drive</li>
<li>Valentino, 324 North Rodeo Drive </li>
<li>Van Cleef & Arpels, 300 North Rodeo Drive </li>
<li>Vera Wang, 428 North Rodeo Drive </li>
<li>Versace, 248 North Rodeo Drive </li>
<li>Vilebrequin, 9519 Wilshire Boulevard </li>
<li>Williams-Sonoma, 339 North Beverly Drive </li>
<li>Yves Saint Laurent, 469 North Rodeo Drive </li>
</ul>
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<span class="" id="util_TextFold_toggleArea"> </span><span class="linkToggle expanded" id="util_TextFold"> </span>Randy Kirkhttp://www.blogger.com/profile/07187149342560881341noreply@blogger.com4tag:blogger.com,1999:blog-1338894621249930912.post-11898562442842683212018-02-03T08:30:00.003-08:002018-04-05T09:33:11.615-07:00Santa Monica Townhouse Condo North of Wilshire for Sale. Price Dropped $1,125,000<div class="intro-block toggle-body " style="clear: both;">
<div class="remark-section video-text-wrapper">
<div class="js-more-body-remark-section">
<br>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhEudoRgPTcMD8a8fwwXL9sAwkWP0f3lfAS2d53j4cb7xBdn21-AzArLI1ljq3pT8Xxvzxb54v2XrmvL2zy_6K_a2TRDFo1EntcOVOA_yIbznpGDaLXYvhQSmcnLMEWxZBT03EN1EgS2XXl/s1600/Screen+Shot+2018-02-03+at+8.26.04+AM.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="639" data-original-width="958" height="426" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhEudoRgPTcMD8a8fwwXL9sAwkWP0f3lfAS2d53j4cb7xBdn21-AzArLI1ljq3pT8Xxvzxb54v2XrmvL2zy_6K_a2TRDFo1EntcOVOA_yIbznpGDaLXYvhQSmcnLMEWxZBT03EN1EgS2XXl/s640/Screen+Shot+2018-02-03+at+8.26.04+AM.png" width="640" class="img-circle"></a></div>
</div>
<div class="js-more-body-remark-section">
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<div class="js-more-body-remark-section">
</div><div class="js-more-body-remark-section"><br></div><div class="js-more-body-remark-section">Gorgeous
and Modern, Tri-Level Townhouse with 2 Beds, 2.5 Baths, bright and airy
Loft Space, and a Sun Deck for outdoor entertaining! Updated Kitchen
with custom Italian DiNovo cabinetry and Fisher & Paykel stainless
steel appliances. Highest Quality Wood floors in the Living, Dining,
Entry, Powder Bath, Loft and Stairs. Carpet in bedrooms. Laundry is
stackable in the hallway between bedrooms, and there is 2-car,
side-by-side parking w/additional storage. This is a wonderful location,
North of Wilshire Blvd. and blocks from the Beach and 3rd Street
Promenade.</div><div class="js-more-body-remark-section"><br></div>
</div>
</div>
<div>
<div class="toggle-body">
<div class="details-block details-block-full-property-details">
<h2 class="title tablet-up-show">
Full Property Details <span class="subtitle notranslate">for 1127 12th St #305</span></h2>
<div class="col-1">
<h3 class="subhead">
General</h3>
<ul>
<li><b>Price: </b> $1,195,000 dropped to $1,125,000</li>
<li><b>HOA FEE: </b> $525/month</li>
<li><b>Status: </b> Active</li>
<li><b>Type: </b> Condo /Townhouse</li>
<li><b>MLS ID: </b> 18-304154</li>
<li><b>Updated: </b> 1/17/2018</li>
<li><b>Added: </b> 17 day(s) ago</li>
</ul>
<h3 class="subhead">
Property History</h3>
<ul>
<li class="notranslate address">1127 12th St #305, Santa Monica, CA</li>
<li>Listed at <b>$1,195,000</b> on 1/17/18</li>
</ul>
<div class="property-save">
<div class="meta-link">
<a class="icon-heart" data-origin="pd_receive_alerts_link" data-pid="21998629" href="https://www.coldwellbankerhomes.com/ca/santa-monica/1127-12th-st/pid_21998629/#">Get price and status alerts for <span class="notranslate">1127 12th St #305</span></a>
</div>
</div>
</div>
<div class="col-2">
<div class="split-2">
<div class="col">
<h3 class="subhead">
Interior</h3>
<ul>
<li><b>Rooms/Areas: </b> Master Bedroom, Loft, Entry, Living Room, Walk-In Closet</li>
<li><b>Interior Features: </b> Elevator</li>
<li><b>Number of Fireplaces: </b> 1</li>
<li><b>Fireplace(s): </b> Living Room, Gas</li>
<li><b>Eating Areas: </b> Dining Area</li>
<li><b>Appliances: </b> Dishwasher, Garbage Disposal, Refrigerator, Stackable Washer/Dryer Hookup</li>
<li><b>Flooring: </b> Carpet, Linoleum, Wood</li>
</ul>
<h3 class="subhead">
Rooms</h3>
<h4 class="subhead-meta">
Bathrooms</h4>
<ul>
<li><b>Total Bathrooms: </b> 3</li>
<li><b>Full Bathrooms: </b> 1</li>
<li><b>3/4 Bathrooms: </b> 1</li>
<li><b>Half Bathrooms: </b> 1</li>
</ul>
<h4 class="subhead-meta">
Bedrooms</h4>
<ul>
<li><b>Total Bedrooms: </b> 2</li>
</ul>
<h4 class="subhead-meta">
Other Rooms</h4>
<ul>
<li><b>Laundry: </b> Laundry in Closet, Laundry Area In Unit</li>
</ul>
<h3 class="subhead">
Additional Information</h3>
<ul>
<li><b>Shared Amenities: </b> Association Maintains the Landscaping, Assoc Pet Rules, Controlled Access, Gated Parking, Passenger Elevator</li>
<li><b>Pool Description: </b> No Pool</li>
<li><b>Security/Safety: </b> Carbon Monoxide Detector(s), Gated Community, Smoke Detector</li>
</ul>
<h3 class="subhead">
Exterior</h3>
<ul>
<li><b>Deck/Patio: </b> Open Patio</li>
</ul>
<h3 class="subhead">
Parking</h3>
<ul>
<li><b>Parking Type: </b> Assigned, Community Garage, Gated Underground Parking, Side-by-Side Parking</li>
<li><b>Parking: </b> Built-In Storage</li>
</ul>
<h3 class="subhead">
Location</h3>
<ul>
<li><b>County: </b> Los Angeles</li>
<li><b>Driving Directions: </b> North of Wilshire Blvd.</li>
</ul>
</div>
<div class="col">
<h3 class="subhead">
Community</h3>
<ul>
<li><b>Assoc. Name: </b> The Village Association</li>
</ul>
<h3 class="subhead">
Heating & Cooling</h3>
<ul>
<li><b>Cooling Type: </b> None, Ceiling Fan(s)</li>
<li><b>Heating Type: </b> Wall Electric</li>
</ul>
<h3 class="subhead">
Utilities</h3>
<ul>
<li><b>TV Service: </b> TV Satellite Dish</li>
</ul>
<h3 class="subhead">
Structural Information</h3>
<ul>
<li><b>Architectural Style: </b> Contemporary</li>
<li><b>Structure Type: </b> Condominium</li>
<li><b>Common Walls: </b> Attached</li>
<li><b>Square Feet: </b> 1,230</li>
<li><b>Sq. Ft. Source: </b> Public Records</li>
<li><b>Year Built: </b> 1980</li>
</ul>
<h3 class="subhead">
Unit Information</h3>
<ul>
<li><b>Units in Complex: </b> 8</li>
</ul>
<h3 class="subhead">
Lot Features</h3>
<ul>
<li><b>Property View: </b> No View</li>
<li><b>Lot Size (Sq. Ft.): </b> 7,496</li>
<li><b>Lot Size Source: </b> Vendor Enhanced</li>
<li><b>Zoning: </b> SMR2*</li>
</ul>
<h3 class="subhead">
Financial Considerations</h3>
<ul>
<li><b>Price Per Sq. Ft.: </b> $971.54</li>
<li><b>Association Fee: </b> $525</li>
<li><b>Assoc Fee Freq.: </b> Monthly</li>
</ul>
<h3 class="subhead">
Disclosures and Reports</h3>
<ul>
<li><b>Special Conditions: </b> Standard Sale</li>
<li><b>Assoc. Rules: </b> Pets Permitted</li>
<li><b>Legal Disclosures: </b>
Take Property As Is, CC and R, Homeowners Association, Owner Has R.E.
License, Earthquake Insurance Available, Commission to Buyer Agent</li>
</ul>
</div>
</div>
</div>
</div>
</div>
</div>
<div class="wrap with-mobile-toggles">
<div class="layout-sidebar">
<div class="sub-block sub-split agent-list notranslate" name="agent-list">
<h2 class="title toggle-body">
Meet the listing agent</h2>
<div class="toggle-body">
<div class="toggle-body listingAgentAddress notranslate">
— 1127 12th St #305 —</div>
<ul class="photo-list">
<li>
<img src="https://m.cbhomes.com/a/204/28160/xzL9YamSMWU3/thumb.jpg?preset=detailsagentphoto">
<div class="title notranslate">
<a class="agent-details-link" href="https://www.coldwellbankerhomes.com/ca/beverly-hills/agent/whitney-whit-prouty/aid_28160/">Whit Prouty</a></div>
<div class="calbre">
Cal BRE#: 01303275</div>
<div class="link-icon">
<a class="icon-mail" data-ic-form-fields="{"AgentID":28160,"TeamID":0,"OfficeID":5145}" data-ic-form-presentation="dialog" data-ic-form-title="Contact Whit" data-ic-form="IC_ContactMe_0" data-share-fields="" href="https://www.coldwellbankerhomes.com/ca/santa-monica/1127-12th-st/pid_21998629/#">Email Me</a>
</div>
<span class="line"><span itemprop="telephone"><a class="phone-link" data-phone-type="mobile" href="tel:+1-310-962-6942">(310) 962-6942</a></span><i> mobile</i></span>
</li>
</ul>
</div>
</div>
</div>
</div>
<div class="details-block details-block-schools">
<h2 class="title tablet-up-show">
Schools <span class="notranslate subtitle">serving 1127 12th St #305</span></h2>
<div class="toggle-body">
<div class="property-detail-schools">
<div class="property-detail-school-district">
School District:</div>
<div class="property-detail-school-district-name">
Santa Monica-Malibu Unified School District</div>
<div class="property-detail-school-header">
<div class="school-data school-data-head school-data-name">
School Name</div>
</div>
<div class="property-detail-school-listing">
<div class="school-data school-data-name">
<div class="school-name">
Roosevelt Elementary School, Santa Monica, CA</div>
<div class="school-address">
801 Montana Ave, Santa Monica, CA 90402</div>
</div>
<div class="school-data school-data-grades">
K-5</div>
<div class="school-data school-data-distance">
<br></div>
</div>
<div class="property-detail-school-listing">
<div class="school-data school-data-name">
<div class="school-name">
Lincoln Middle School, Santa Monica, CA</div>
<div class="school-address">
1501 California Ave, Santa Monica, CA 90403</div>
</div>
<div class="school-data school-data-grades">
6-8</div>
<div class="school-data school-data-distance">
<br></div>
</div>
<div class="property-detail-school-listing">
<div class="school-data school-data-name">
<div class="school-name">
Santa Monica High School</div>
<div class="school-address">
601 Pico Blvd, Santa Monica, CA 90291</div>
</div>
<div class="school-data school-data-grades">
9-12</div>
<div class="school-data school-data-distance">
<br></div>
</div>
<div class="school-disclaimer">
<span class="school-disclaimer-title">Disclaimer: </span>
School data provided by Pitney Bowes. School attendance boundaries are
for reference only. Contact the school directly to verify enrollment
eligibility.
</div>
</div>
</div>
</div>
Randy Kirkhttp://www.blogger.com/profile/07187149342560881341noreply@blogger.com1tag:blogger.com,1999:blog-1338894621249930912.post-34313550774691930462017-12-01T17:12:00.000-08:002017-12-16T08:12:49.647-08:007 Surprising Los Angeles Real Estate Predictions for 2018<style>
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<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgiyLlj5dr-XjOIFWJMIgsNVx7njod8OPikEBVpoc6WPtROy5c29OL5eW7r1R9Uz6Dwz52vTwEwWJVmFfGKS2zXs2gZhFmehxnDCykB4CmLViKeg3IXvR14WWtssd7W5vMVrGv-Gb8r39fQ/s1600/Screen+Shot+2017-12-01+at+2.55.11+PM.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="591" data-original-width="889" height="424" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgiyLlj5dr-XjOIFWJMIgsNVx7njod8OPikEBVpoc6WPtROy5c29OL5eW7r1R9Uz6Dwz52vTwEwWJVmFfGKS2zXs2gZhFmehxnDCykB4CmLViKeg3IXvR14WWtssd7W5vMVrGv-Gb8r39fQ/s640/Screen+Shot+2017-12-01+at+2.55.11+PM.png" width="640" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Los Angeles is now a world class city. The LA Skyline was voted 2nd best in the USA</td></tr>
</tbody></table>
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The most amazing thing about the following prognostications
regarding the Los Angeles Real Estate Market in 2018 is that economics 101 is
driving every single one of them. Here’s the list. The detailed explanations
follow.</div>
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<br /></div>
<div class="MsoListParagraphCxSpFirst" style="text-indent: -0.25in;">
<span style="font-size: small;"><b>1.<span style="font-family: "times new roman"; font-stretch: normal; font-style: normal; font-variant: normal; line-height: normal;">
</span>Prices of all homes in all price categories in
all neighborhoods will continue up </b></span></div>
<span style="font-size: small;"><b>
</b></span><br />
<div class="MsoListParagraphCxSpMiddle" style="text-indent: -0.25in;">
<span style="font-size: small;"><b>2.<span style="font-family: "times new roman"; font-stretch: normal; font-style: normal; font-variant: normal; line-height: normal;">
</span>Rents will also be up, except maybe in DTLA</b></span></div>
<span style="font-size: small;"><b>
</b></span><br />
<div class="MsoListParagraphCxSpMiddle" style="text-indent: -0.25in;">
<span style="font-size: small;"><b>3.<span style="font-family: "times new roman"; font-stretch: normal; font-style: normal; font-variant: normal; line-height: normal;">
</span>Mortgage interest rates will continue steady at
least through April</b></span></div>
<span style="font-size: small;"><b>
</b></span><br />
<div class="MsoListParagraphCxSpMiddle" style="text-indent: -0.25in;">
<span style="font-size: small;"><b>4.<span style="font-family: "times new roman"; font-stretch: normal; font-style: normal; font-variant: normal; line-height: normal;">
</span>Inventory of homes for sale and rental units
will be similar to 2017. Extremely limited</b></span></div>
<span style="font-size: small;"><b>
</b></span><br />
<div class="MsoListParagraphCxSpMiddle" style="text-indent: -0.25in;">
<span style="font-size: small;"><b>5.<span style="font-family: "times new roman"; font-stretch: normal; font-style: normal; font-variant: normal; line-height: normal;">
</span>Inglewood and Hawthorne will be the next cities
to gentrify</b></span></div>
<span style="font-size: small;"><b>
</b></span><br />
<div class="MsoListParagraphCxSpMiddle" style="text-indent: -0.25in;">
<span style="font-size: small;"><b>6.<span style="font-family: "times new roman"; font-stretch: normal; font-style: normal; font-variant: normal; line-height: normal;">
</span>The working poor will be forced out into the
Inland Empire</b></span></div>
<span style="font-size: small;"><b>
</b></span><br />
<div class="MsoListParagraphCxSpLast" style="text-indent: -0.25in;">
<span style="font-size: small;"><b>7.<span style="font-family: "times new roman"; font-stretch: normal; font-style: normal; font-variant: normal; line-height: normal;">
</span>DTLA to WLA will become like San Jose…almost
recession proof</b></span></div>
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If you are interested in this article, then it is likely
that you are actively watching the real estate scene in Los Angeles. If so, you
might think the above seven predictions aren’t all that surprising. But if you
are a residential real estate owner, or you plan to either buy or sell in this
market, then you might be looking for confirmation of your own ideas of what
lies ahead. </div>
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<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: right; margin-left: 1em; text-align: right;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi59bNUg1FVujMhcFg3bCPHOYvIQhclBr8KPROIH4upPwDH8zCrjvukwES7ttkDBHvBC8rVCyF9CYTDnTn4WjvC80crE2pVAB36wKXuJG3sIfH7zkfhCA2nz_4xma4Q2kmndNkKCCncPAib/s1600/Screen+Shot+2017-12-01+at+3.11.57+PM.png" imageanchor="1" style="clear: right; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" data-original-height="608" data-original-width="1344" height="288" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi59bNUg1FVujMhcFg3bCPHOYvIQhclBr8KPROIH4upPwDH8zCrjvukwES7ttkDBHvBC8rVCyF9CYTDnTn4WjvC80crE2pVAB36wKXuJG3sIfH7zkfhCA2nz_4xma4Q2kmndNkKCCncPAib/s640/Screen+Shot+2017-12-01+at+3.11.57+PM.png" width="640" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Silcon Beach exploding with tech companies https://uclavcfund.files.wordpress.com/2014/11/page1image14392.png</td></tr>
</tbody></table>
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For the most part, this article will examine the Los Angeles
market from Down Town Los Angeles (DTLA) to the beaches and from Malibu to Seal
Beach. Neighborhood south of DTLA the 10 fwy) are under pressure to gentrify,
but there is political pressure to stop that from happening. The neighborhoods
east of DTLA will all be inventory challenged, but not in the way that we will
continue to see in the DTLA to Santa Monica area. </div>
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If you agree with this list, or if you disagree in whole or
in part, we’d love to see your thoughts in the comments. </div>
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<div class="MsoListParagraph" style="mso-list: l0 level1 lfo2; text-indent: -.25in;">
<b style="mso-bidi-font-weight: normal;"><span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><span style="mso-list: Ignore;">1.<span style="font: 7.0pt "Times New Roman";"> </span></span></span></b><b style="mso-bidi-font-weight: normal;">Prices of all homes in all price categories
in all neighborhoods will continue up </b></div>
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<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
At the core of all markets we know that
supply, demand, and price are forever linked. If supply outstrips demand,
prices will fall. If prices go up to far, it creates downward pressure on
demand. We have not reached either of those points yet. Whether you define the
neighborhoods under discussion as the Wilshire corridor, the 10 fwy corridor or
maybe, more expansively, Silicon Beach, the lack of land available for
development is not ever going to change. </div>
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<br /></div>
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhh1VC1_hGsreu7cOfvAua-8Z5DhUdQfrax6TXVkKqTMr7XtH0HjodmUxpsxNcZdCI6fNbGuZcYjnLuvCoQBGzTTNj6E-E5C6Ko-r9kTrY-qyhIY4pxu4J_6uHfzeDcxV_NrLI9BIOyDTbH/s1600/AdobeStock_90005830.jpeg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="511" data-original-width="1600" height="127" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhh1VC1_hGsreu7cOfvAua-8Z5DhUdQfrax6TXVkKqTMr7XtH0HjodmUxpsxNcZdCI6fNbGuZcYjnLuvCoQBGzTTNj6E-E5C6Ko-r9kTrY-qyhIY4pxu4J_6uHfzeDcxV_NrLI9BIOyDTbH/s400/AdobeStock_90005830.jpeg" width="400" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Los Angeles has no place left to build except to increase density</td></tr>
</tbody></table>
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When there is no land available,
supply can only be increased through leveling existing property, and that is
happening. However, it takes far longer to increase residential units by
increasing density than it does to develop raw land. Therefore, it seems likely
that Silicon Beach will mirror New York City or San Francisco. When the land is
virtually 100% developed, prices resist downward pressure except in the most
extreme recessions. </div>
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<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><img border="0" data-original-height="384" data-original-width="750" height="203" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZsLtnn3-AahKImQI9KfV4tbdtQMsBWmGBLPkWDNUiaehLmeoP16tuuBjtkoInemN3yS3g-U5wGcehPXDQA6rHHKBh2MzjVE5eh8WZk8u4I0l814lazItn-RGDzAP1_6Dwu-Bc1ughk24q/s400/Screen+Shot+2017-12-01+at+3.20.15+PM.png" style="margin-left: auto; margin-right: auto;" width="400" /></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Los Angeles 3rd highest Nominal GDP</td><td class="tr-caption" style="text-align: center;"><br /></td></tr>
</tbody></table>
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<div class="MsoNormal" style="margin-left: .5in;">
The other side of the equation is
demand. Los Angeles has finally become a world class city. Through a bit of
luck the necessary combination of location, culture, educational facilities,
and infrastructure have all come together in the last 10 years. You could say
this happened when the tech industries closed the gap between Santa Monica and
Marina Del Rey. Everyone knew that someday Venice beach would have to gentrify.
When that happened and Playa Vista was developed simultaneously, Silicon Beach
was born, and the entire region was impacted.</div>
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<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
Now the demand for housing comes
from the tech influx in addition to wealthy international buyers who want a
home in the newest world class city. For this demand to drop would require a
huge international recession. And, of course, these are generally short lived.
One could imagine prices being shaved for a short time by 20 – 30%, but they
would inexorably begin up again after the recession ended. </div>
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<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
Price pressure is the third
component. The prices might get so high that the rational buyer or the
incremental buyer is priced out. They’d rather live in Long Beach, San Diego,
or some other beach community. Anything is possible, but the prices in these
areas are not enough lower at this time to draw folks away from the wide
beaches of Santa Monica and Venice. </div>
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<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjsshqdEGVe67hKzwqgRCenRg8qppr7W1Z8xy3idbMycwxhZu56w8-TLplpB5W6bI4R_na1v4OUgejPtIzaJm9j4nT70ncBELc4d0HCMRbUtse_nW9664sMg2QWHqUvWGNxvC43W6Dl1hIR/s1600/Screen+Shot+2017-07-17+at+10.02.59+AM.png" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="130" data-original-width="100" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjsshqdEGVe67hKzwqgRCenRg8qppr7W1Z8xy3idbMycwxhZu56w8-TLplpB5W6bI4R_na1v4OUgejPtIzaJm9j4nT70ncBELc4d0HCMRbUtse_nW9664sMg2QWHqUvWGNxvC43W6Dl1hIR/s1600/Screen+Shot+2017-07-17+at+10.02.59+AM.png" /></a></div>
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<span style="font-family: "helvetica neue" , "arial" , "helvetica" , sans-serif;">Learn
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<br /></div>
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Moreover, the other tech cities
along the coast have higher housing prices without the amazing weather,
entertainment, cultural facilities, educational options, not to mention
mountain and deserts playgrounds.<span style="mso-spacerun: yes;"> </span></div>
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<br /></div>
<div class="MsoListParagraph" style="mso-list: l0 level1 lfo2; text-indent: -.25in;">
<b style="mso-bidi-font-weight: normal;"><span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><span style="mso-list: Ignore;">2.<span style="font: 7.0pt "Times New Roman";"> </span></span></span></b><b style="mso-bidi-font-weight: normal;">Rents will also be up, except maybe in DTLA</b></div>
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<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
Econ 101 tells us about rents as
well. Supply, demand price. Then you add in one more component…housing prices.
There are two reasons why housing prices effect rent. One is that tenants have
the choice to become owners, so there is always an equation that makes that
choice more appealing. It isn’t all about finance, of course. There are plenty
of emotional and practical elements, too. But the financial one is key even
then. </div>
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<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
If the economics of owning a home
became so much better than renting, then the practical aspects such as length
of planned occupancy change. It becomes practical to own even if you only think
you’ll be in that home for four years instead of five. </div>
<div class="MsoNormal" style="margin-left: .5in;">
<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
The other side of the rent vs buy
story is the landlord’s equation. The cost of the property must be low enough
compared to the rent to provide the landlord with an appropriate return on
investment. As rents go up, so does the cost the landlord is willing to pay,
and vice-versa.<span style="mso-spacerun: yes;"> </span></div>
<div class="MsoNormal" style="margin-left: .5in;">
<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
The same factors driving up home
prices are driving up rents. <a href="http://www.ocregister.com/2017/11/13/apartment-boom-construction-hits-26-year-high-as-renter-numbers-soar/">The
only place in LA where there might be enough new apartments to meet demand is
DTLA.</a> And that oversupply, if it is one, might be very short lived. If
developers can’t cross south of the 10 fwy, and the LA City Council voted in
November 2017 to make it much harder, there won’t be enough places to build
more apartments. But in the short term, there might be a little give back on
rents in DTLA.</div>
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<br /></div>
<div class="MsoListParagraph" style="mso-list: l0 level1 lfo2; text-indent: -.25in;">
<b style="mso-bidi-font-weight: normal;"><span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><span style="mso-list: Ignore;">3.<span style="font: 7.0pt "Times New Roman";"> </span></span></span></b><b style="mso-bidi-font-weight: normal;">Mortgage interest rates will continue
steady at least through April</b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
Can you find one pundit who, in
2012 or 2015 or even early 2017 would have estimated we’d still be under 5% for
30-year fixed mortgages? But here we are. We continue at these historic low
rates, even in the face of Fed tightening and the beginning of the Fed selling
off mortgages to reduce the huge overhang of assets that it has been carrying. </div>
<div class="MsoNormal" style="margin-left: .5in;">
<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
Why are mortgage rates still so
low, and why might we get another year of only slight increases? Econ 101
again. The folks demand to receive “real” returns on their safe investments of
about 2%. So if inflation is at zero, or close to zero, then real interest
rates for treasuries and super-secure bonds will be around 2%. Mortgage lenders
need to charge more than that, as home mortgages are not as secure as US
treasuries. </div>
<div class="MsoNormal" style="margin-left: .5in;">
<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
What is the spread between inflation
and mortgage rates. Around 3%. So an argument can be made that interest rates
should be closer to 5% with inflation now moving towards 2%. </div>
<div class="MsoNormal" style="margin-left: .5in;">
<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
And there is every reason to
believe that this will take place over the next year as the economy continues to
heat up and wages begin to climb faster. <a href="https://hbr.org/2017/10/why-wages-arent-growing-in-america">Wage inflation has been the missing component</a>.
To many folks out of the labor market or working way below their skill level.
That gap needs to close before wages start moving to where they should be when
unemployment is so low. It will probably happen this year or next. </div>
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<br /></div>
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgxwjQZW8Ae8xO7zDNCD00wZzQkkUSp7Zbp3l_9IMg3iEABznT1fs6JX59KTO34OSZzLoiinV9I5peJ-VtqVyqUWUyPy_mbJ5v7utHQblEy_Z3ECc8iCX6CcI7btRjyNMXsn26w10J8XU3G/s1600/Screen+Shot+2017-12-01+at+4.24.03+PM.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="441" data-original-width="874" height="201" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgxwjQZW8Ae8xO7zDNCD00wZzQkkUSp7Zbp3l_9IMg3iEABznT1fs6JX59KTO34OSZzLoiinV9I5peJ-VtqVyqUWUyPy_mbJ5v7utHQblEy_Z3ECc8iCX6CcI7btRjyNMXsn26w10J8XU3G/s400/Screen+Shot+2017-12-01+at+4.24.03+PM.png" width="400" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">CPI in 2017 - Just barely 2% with recent months lower</td></tr>
</tbody></table>
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So the bond market doesn’t believe
in 2% inflation yet. Thus mortgages for under 4%. There is also a supply demand
issue for the mortgages themselves. Far fewer mortgages are being written,
because home purchases and refinances are way down. This means too many
mortgage companies chasing too few mortgages. That is not likely to continue.
Markets generally close such gaps. </div>
<div class="MsoNormal" style="margin-left: .5in;">
<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
Figure mortgages around 4% until
April when the single-family season heats up. Then we might see 4.5%. If wage
inflation hits 2% or more for two quarters in a row, then 5% could happen in
2018.</div>
<div class="MsoNormal" style="margin-left: .5in;">
<br /></div>
<div class="MsoListParagraph" style="mso-list: l0 level1 lfo2; text-indent: -.25in;">
<b style="mso-bidi-font-weight: normal;"><span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><span style="mso-list: Ignore;">4.<span style="font: 7.0pt "Times New Roman";"> </span></span></span></b><b style="mso-bidi-font-weight: normal;">Inventory of homes for sale and rent will
be similar to 2017. Extremely limited</b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
<b style="mso-bidi-font-weight: normal;">Wh</b>en the market for anything gets really tight, and the prices start
getting really high, those who own the thing commonly start thinking about
cashing out. After this huge run up in housing prices, why aren’t folks in LA
cashing out. The list is very, very long</div>
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<br /></div>
<div class="MsoListParagraphCxSpFirst" style="margin-left: 1.25in; mso-add-space: auto; mso-list: l2 level1 lfo3; text-indent: -.25in;">
<span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><span style="mso-list: Ignore;">A.<span style="font: 7.0pt "Times New Roman";">
</span></span></span>Where will they move? Housing gridlock. “I can’t
sell because there is nothing I want to buy.” It is possible that some wave
effect might occur where a bunch of folks decide to sell, and then there’s
enough inventory, which opens up another wave. This could happen because of a
fear of recession or future downward pressure on prices. This does not seem
likely. If you can afford to live in LA, there is not much motivation to leave.
If you do want a larger or smaller house, or one that is in another
neighborhood, you haven’t increased the local inventory at all.</div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: 1.25in; mso-add-space: auto; mso-list: l2 level1 lfo3; text-indent: -.25in;">
<span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><span style="mso-list: Ignore;">B.<span style="font: 7.0pt "Times New Roman";">
</span></span></span>No mortgage. A very high percentage of the
owners in LA have no mortgage or a very low mortgage with very low payments.
There is absolutely no incentive to move. </div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: 1.25in; mso-add-space: auto; mso-list: l2 level1 lfo3; text-indent: -.25in;">
<span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><span style="mso-list: Ignore;">C.<span style="font: 7.0pt "Times New Roman";">
</span></span></span>Low mortgage interest rate. No incentive to pay
for a new mortgage that might be a point higher than now.</div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: 1.25in; mso-add-space: auto; mso-list: l2 level1 lfo3; text-indent: -.25in;">
<span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><span style="mso-list: Ignore;">D.<span style="font: 7.0pt "Times New Roman";">
</span></span></span>Low property taxes – prop 13. If you move, you
are now paying current year property taxes rather than what might be
substantially lower taxes. </div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: 1.25in; mso-add-space: auto; mso-list: l2 level1 lfo3; text-indent: -.25in;">
<span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><span style="mso-list: Ignore;">E.<span style="font: 7.0pt "Times New Roman";">
</span></span></span>Cost of moving. Currently it will cost the
average owner $70,000 or more to sell an existing $1M home and buy another. For
some who bought that same home for $300,000, $70,000 seems like a lot of money.
</div>
<div class="MsoListParagraphCxSpLast" style="margin-left: 1.25in; mso-add-space: auto; mso-list: l2 level1 lfo3; text-indent: -.25in;">
<span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><span style="mso-list: Ignore;">F.<span style="font: 7.0pt "Times New Roman";">
</span></span></span>Been in the house for a very long time. Westside
residents, in particular, tend to live in their homes for a very long time.
Moving means uprooting friendships, learning new neighborhoods, etc. </div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
We’ve already noted that inventory
is not going to grow from new construction. With the exception of DTLA, there
is no part of Los Angeles County where building permits are even hinting at the
kind of new units that would begin to catch up with demand. </div>
<div class="MsoNormal" style="margin-left: .25in;">
<br /></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoListParagraph" style="mso-list: l0 level1 lfo2; text-indent: -.25in;">
<b style="mso-bidi-font-weight: normal;"><span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><span style="mso-list: Ignore;">5.<span style="font: 7.0pt "Times New Roman";"> <a href="http://www.latimes.com/business/la-fi-hawthorne-real-estate-20171215-story.html"> </a></span></span></span></b><a href="http://www.latimes.com/business/la-fi-hawthorne-real-estate-20171215-story.html"><b style="mso-bidi-font-weight: normal;">Inglewood and Hawthorne will be the nextcities to gentrify</b></a></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
You want a sure bet in real estate.
Think back to Venice in 2005. Santa Monica and Mar Vista were sold out. Culver
City had the fastest rising cost of housing in the state. Marina Del Rey was
sold out. Playa Vista was an old helicopter testing field and wildlife
preserve. Venice was surrounded and it was a gang-infested hell hole. Property
was dirt cheap and it was walking distance to some of the best beaches on
earth. What would one guess could happen someday.</div>
<div class="MsoNormal" style="margin-left: .5in;">
<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
Fast forward to 2018. Venice has
the highest cost per square foot for housing in Los Angeles. Playa Vista is
sold out and is moving north into the seedy part of Culver City. (homes are
only $1,100,000.) Westchester is gentrifying quickly. The airport is being
remodeled. The Crenshaw line is being constructed. The forum has new life. The
Rams and Chargers will be playing in Inglewood shortly. </div>
<div class="MsoNormal" style="margin-left: .5in;">
<br /></div>
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjs_wYdrRfL5ZxHwn8Iu_A2ugHP9ZWlcmWjGnzZaaMZ210Vm8CzIfrua32oFd3bylqVBUf0reyQ_igDhV8oQcdytBUnkf5mLaEri0D_jdEt4l8XtLair8JDVKRmelXwZB7QQVZmer9Q_M0R/s1600/Screen+Shot+2017-12-01+at+4.30.54+PM.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="469" data-original-width="833" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjs_wYdrRfL5ZxHwn8Iu_A2ugHP9ZWlcmWjGnzZaaMZ210Vm8CzIfrua32oFd3bylqVBUf0reyQ_igDhV8oQcdytBUnkf5mLaEri0D_jdEt4l8XtLair8JDVKRmelXwZB7QQVZmer9Q_M0R/s400/Screen+Shot+2017-12-01+at+4.30.54+PM.png" width="400" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">City of Champions Stadium will force gentrification in Inglewood and Hawthorne</td></tr>
</tbody></table>
<div class="MsoNormal" style="margin-left: .5in;">
Most of Inglewood and Hawthorn
could use some gentrification. And the owners of the Rams certainly saw the
potential for Westward expansion of Silicon Beach. Will it take a year or five
years? Hard to know, but there is no place else left to go. This expansion
might go all the way to the 10 fwy at La Brea – Crenshaw, but it will start in
Inglewood.</div>
<div class="MsoNormal" style="margin-left: .5in;">
Hawthorne also benefits from the
stadium and the eastward expansion. In addition, it is also home to SpaceX and
the boring company. Who knows what impact Elon Musk might have on Hawthorne as
it becomes the starting point for the new car movers under the 405 freeway?
Already support companies for SpaceX are eating up industrial property in the
area. And you need to house all those engineers and skilled workers. </div>
<div class="MsoNormal" style="margin-left: .5in;">
<br /></div>
<div class="MsoListParagraph" style="mso-list: l0 level1 lfo2; text-indent: -.25in;">
<b style="mso-bidi-font-weight: normal;"><span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><span style="mso-list: Ignore;">6.<span style="font: 7.0pt "Times New Roman";"> </span></span></span></b><b style="mso-bidi-font-weight: normal;">The working poor will be forced out into
the Inland Empire</b></div>
<div class="MsoNormal" style="margin-left: .5in;">
<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
What do you do if you can’t afford
$1500 a month for a bachelor or $2000 a month for a one bedroom in Silicon
Beach. You either have to move to poorer neighborhoods, go into the valleys, or
go much further east.<br />
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhs0lRp7DHBHVt2Tem9mEqX7xbcQbaO7byu9qDPxEXlAO_Qw6KyIhp3BXkkSTI4xRX7JeO2APbRBJ3163nJ6fyLPERIBxevlfTloyY3mU7yqEcWzjR6XZiJPmNlYl1ckjL3l9f-OJWLMeTv/s1600/Screen+Shot+2017-12-07+at+11.31.46+AM.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="632" data-original-width="945" height="267" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhs0lRp7DHBHVt2Tem9mEqX7xbcQbaO7byu9qDPxEXlAO_Qw6KyIhp3BXkkSTI4xRX7JeO2APbRBJ3163nJ6fyLPERIBxevlfTloyY3mU7yqEcWzjR6XZiJPmNlYl1ckjL3l9f-OJWLMeTv/s400/Screen+Shot+2017-12-07+at+11.31.46+AM.png" width="400" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">The Inland Empire leads by far as destination for buyers leaving primary markets</td></tr>
</tbody></table>
</div>
<div class="MsoNormal" style="margin-left: .5in;">
<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
There are places in South Central
that are now improving due to the same pressures that are creating improvements
on the West Side; not enough room for the folks who can afford more. Thus those
who can’t afford more have to move where the housing is affordable. </div>
<div class="MsoNormal" style="margin-left: .5in;">
<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
There are also places in the Valleys
that are more affordable, but only by a few hundred dollars per month. There
isn’t really much space to add more housing in San Fernando or San Gabriel. So
rents and home prices are high in the better neighborhoods. </div>
<div class="MsoNormal" style="margin-left: .5in;">
<br /></div>
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEit_XabYQUNufH_X7TeAusVQgXl8TQCx-uFZkvIjinV9eSsOL1j7hZZwZ40oaJaAJU6DmF1u7RbeF9Ct_pyj5YN71K7dUcir-ngqcH-6BveULAZEk-eaJIqTN6eD6YOsUPkmc9UDf9o1uUj/s1600/Screen+Shot+2017-12-01+at+4.35.17+PM.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="504" data-original-width="808" height="248" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEit_XabYQUNufH_X7TeAusVQgXl8TQCx-uFZkvIjinV9eSsOL1j7hZZwZ40oaJaAJU6DmF1u7RbeF9Ct_pyj5YN71K7dUcir-ngqcH-6BveULAZEk-eaJIqTN6eD6YOsUPkmc9UDf9o1uUj/s400/Screen+Shot+2017-12-01+at+4.35.17+PM.png" width="400" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Distribution and logistics facilities eating up land in Inland Empire</td></tr>
</tbody></table>
<div class="MsoNormal" style="margin-left: .5in;">
Where can you go? There’s still a
lot of land in Ontario, Riverside, San Bernadino, Moreno<span style="mso-spacerun: yes;"> </span>Valley and surrounding areas. But there is an
explosion of industrial building in these regions as this area has become the
distribution center capital of the US. So 2,000,000 square foot buildings are
eating up land in great gobs. Even so, Riverside is currently seeing the
largest number of new residential dwellings in the Southland. Housing is only
half the cost of West LA in Riverside, and less than that in the neighboring
cities. Watch this area explode in the next 5 years.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoListParagraph" style="mso-list: l0 level1 lfo2; text-indent: -.25in;">
<b style="mso-bidi-font-weight: normal;"><span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><span style="mso-list: Ignore;">7.<span style="font: 7.0pt "Times New Roman";"> </span></span></span></b><b style="mso-bidi-font-weight: normal;">DTLA to WLA will become like San
Jose…almost recession proof</b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
Los Angeles almost averted the 1991
recession. Unfortunately there was a corresponding reduction in military
spending which undermined the employment of engineers and skilled workers. </div>
<div class="MsoNormal" style="margin-left: .5in;">
<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
The 2000 recession was caused by
the dot com bust, and LA was hit pretty good due to heavy reliance on a broad
array of dot come issues. </div>
<div class="MsoNormal" style="margin-left: .5in;">
<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
The 2008 recession hit LA, but not
as hard as Phoenix or Miami. If you look at those recessions, the areas that
did best were those that had diverse economies and no more land. San Francisco
and NYC saw prices drop, but not as much and the rebound was faster. </div>
<div class="MsoNormal" style="margin-left: .5in;">
</div>
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiDHGeNu5lE0niPdOc6QXRTATZDJLVzfwNh_bs3UlRRomPvsnC7K_OTPBiGrwpcHaCQUHoStLL3hd27eJXjn6coQ3376wXSivcErt7GD-y89SCUIGCWYpaI4wEfTIlPbPGqlRAaybOO_i3n/s1600/Screen+Shot+2017-12-01+at+4.44.29+PM.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="455" data-original-width="812" height="356" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiDHGeNu5lE0niPdOc6QXRTATZDJLVzfwNh_bs3UlRRomPvsnC7K_OTPBiGrwpcHaCQUHoStLL3hd27eJXjn6coQ3376wXSivcErt7GD-y89SCUIGCWYpaI4wEfTIlPbPGqlRAaybOO_i3n/s640/Screen+Shot+2017-12-01+at+4.44.29+PM.png" width="640" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Hi Tech and Entertainment need one another. They've come together in LA</td></tr>
</tbody></table>
<br />
<div class="MsoNormal" style="margin-left: .5in;">
LA may be reaching that point. The
economy is now very diverse. Certainly some kind of tech based recession would
hurt. But LA and its neighbors are now the number 1 tourist destination in the
world. The entertainment sector is actually being helped by the tech infusion,
as the two often need one another. </div>
<div class="MsoNormal" style="margin-left: .5in;">
<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
The distribution centers in the Inland
Empire are driving massive increases in the ports and all types of
transportation businesses associated with distribution. Will we see hyperloops
built to move freight from LA and Long Beach Harbors to Ontario? Will headless
trucks be driving in special lanes? Or will drones be the answer?</div>
<div class="MsoNormal" style="margin-left: .5in;">
<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
The future of LA seems secure.
Nothing is certain, of course. But it is an exciting time for Silicon Beach. </div>
<div class="MsoNormal" style="margin-left: .5in;">
<br /></div>
<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: right; margin-left: 1em; text-align: right;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEioCPMWEtH9WG7_air7FQyiKZ6sAU1NRwRgzLkxXJ1Ky9xhDEUFevhc3CXmRoc_fRDcrjqn3sM6xzdIBhAmnGp5eGJ9i780P5kJuaM1JdHVatnwfdZ9Zx63K7-Dj_BbMsUpZ8exutFWkH8z/s1600/Whit+book+cover.jpg" imageanchor="1" style="clear: right; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" data-original-height="452" data-original-width="350" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEioCPMWEtH9WG7_air7FQyiKZ6sAU1NRwRgzLkxXJ1Ky9xhDEUFevhc3CXmRoc_fRDcrjqn3sM6xzdIBhAmnGp5eGJ9i780P5kJuaM1JdHVatnwfdZ9Zx63K7-Dj_BbMsUpZ8exutFWkH8z/s320/Whit+book+cover.jpg" width="247" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Buy it at <span style="font-size: x-small;"><span style="font-family: "helvetica neue" , "arial" , "helvetica" , sans-serif;"><a class="vglnk" href="http://bit.ly/LARealtor" rel="nofollow">http://bit.ly/LARealtor</a></span></span></td></tr>
</tbody></table>
<b><span style="color: blue;">If you are looking to buy or sell a
home In the Silicon Beach area, Whit Prouty wrote the book. <a href="http://bit.ly/LARealtor">Check out his newbook, “10 Keys to Selling Your LA Home,” on Amazon.com. </a></span></b><span style="font-size: x-small;"><span style="font-family: "helvetica neue" , "arial" , "helvetica" , sans-serif;"><a class="vglnk" href="http://bit.ly/LARealtor" rel="nofollow"></a></span></span><br />
<b><span style="color: blue;">You can set an appointment to
discuss your real estate needs by calling Whit at
310-777-6302</span></b><br />
<br />
If you liked this article, you might also like:<br />
<br />
<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: left; margin-right: 1em; text-align: left;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj_lA_haDJHu0q83VKDywdEgny6bU3AlXax0bGMBQOR6hCFDhovvsf-BBdB6fNJO8Ebt4Lw2Vb1PndX9bTADjynCnXQTdX87qWvV0ASXCszbjIU27lH9vu3ixeZ2gvIyXHmFJW5npoOQT3E/s1600/Screen+Shot+2017-12-01+at+4.49.43+PM.png" imageanchor="1" style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" data-original-height="364" data-original-width="661" height="176" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj_lA_haDJHu0q83VKDywdEgny6bU3AlXax0bGMBQOR6hCFDhovvsf-BBdB6fNJO8Ebt4Lw2Vb1PndX9bTADjynCnXQTdX87qWvV0ASXCszbjIU27lH9vu3ixeZ2gvIyXHmFJW5npoOQT3E/s320/Screen+Shot+2017-12-01+at+4.49.43+PM.png" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">http://blog.whitprouty.com/2017/08/housing-gridlock-baby-boomers-staying.html <br />
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</td></tr>
</tbody></table>
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<a href="https://www.realtor.com/news/trends/housing-trends-2018/"><br /></a>
<a href="https://www.realtor.com/news/trends/housing-trends-2018/">You might also find it interesting to get another perspective on real estate trends nationally in 2018</a>. Read what Realtor.com had to say. </div>
Randy Kirkhttp://www.blogger.com/profile/07187149342560881341noreply@blogger.com179tag:blogger.com,1999:blog-1338894621249930912.post-84078095351332158362017-11-04T13:10:00.000-07:002017-12-18T11:38:47.640-08:00Trump Tax Bill change in Mortgage Interest Deduction Creates Almost No Impact on Los Angeles Real Estate<style>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_k0Ix0-aO5F99PMFU2blGqG2xjnI2SDdxgaCFWQ3QC-wyUMLV3w3qR3gvdHwKHiWQVDPpy_Am8AbV3cz1_KfIcdlaga09gCQhsJzGLmut9xajvYxenrxMIPsufxZLnlQh3UrnTxAKtJSn/s1600/Screen+Shot+2017-11-04+at+1.07.00+PM.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="263" data-original-width="401" height="417" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_k0Ix0-aO5F99PMFU2blGqG2xjnI2SDdxgaCFWQ3QC-wyUMLV3w3qR3gvdHwKHiWQVDPpy_Am8AbV3cz1_KfIcdlaga09gCQhsJzGLmut9xajvYxenrxMIPsufxZLnlQh3UrnTxAKtJSn/s640/Screen+Shot+2017-11-04+at+1.07.00+PM.png" width="640" /></a></div>
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<span style="font-size: 16.0pt;">Mortgage Interest Deduction Change May Cause Small One Time Effect for Homes Valued Between $1,000,000 and $1.3M</span></h2>
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<span style="font-size: 14.0pt;">Don’t believe the scare
headlines. The proposed change in the mortgage interest deduction from a cap of
$1,000,000 to $750,000 for new loans will have almost no impact on prices of
homes in the Los Angeles area. It is true that California will be impacted more
than almost any other area in the US., but the impact will be modest, to say
the least. </span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 14.0pt;">Under current tax law, the mortgage
interest deduction is capped at $1,000,000 of loan outstanding. If you have a
loan with a balance of $1,200,000, you are not able to deduct the interest on
the $200,000. If the interest rate is 4%, you would effectively not be able to
realize $8000 per year of deduction, due to the cap. This taxpayer is likely to
be in the 33% tax bracket, so the actual cost per year would be $2667 per year.
</span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 14.0pt;"><a href="http://money.cnn.com/2017/12/17/real_estate/tax-bill-mortgage-property-tax-deductions/index.html">Under the new rules, the mortgage interest deduction cap would drop to $750,000.</a><span style="mso-spacerun: yes;"> </span>In the worst
case scenario, someone buying a home under the new tax plan that required a
$1,000,000 loan would now lose the deduction on $250,000 of interest. Again, if
we assume 4% interest, that would be $10,000 per year, and if the taxpayer was
in the new 35% bracket, the actual out of pocket cost would be $3,500 per year
or about $300 per month. So, in the very worst case scenario, the $300 per
month difference would mean this individual might now only be able to afford a
$1,200,000 home instead of a $1,250,000 home. </span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 14.0pt;">It is likely that there will
be some impact on homes between $1,000,000 and $1,300,000. However, the impact
will be a one-time event. </span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 14.0pt;">If you would like to review
the impact of the new tax bill on your plans with regards to buying or selling residential
real estate in California, please call Whit Prouty today for a closer look at
your exact situation. Call </span><span style="font-size: 14.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">310-777-6302</span><span style="font-family: "times new roman"; mso-fareast-font-family: "Times New Roman";"></span></div>
<div class="MsoNormal">
<br /></div>
Randy Kirkhttp://www.blogger.com/profile/07187149342560881341noreply@blogger.com4tag:blogger.com,1999:blog-1338894621249930912.post-44482389624021626582017-10-10T12:42:00.000-07:002017-10-10T12:42:14.681-07:00Four Simple Ways to Help Your Kids Feel More Excited About Moving<span id="docs-internal-guid-59c3cb39-07cb-df95-2171-31e9abd85866"><h3 dir="ltr" style="line-height: 1.5212999999999999; margin-bottom: 17pt; margin-top: 0pt;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjy-_DTYFPCkD2L0EwpBONckqa37bnHUGJl6ZG54fwS2Ks1LBsm2s8ZB-EnbtT6huxlpFNZGgJ2gxpKaUtnsRkoOZV9htCAQRvPZdai4hU4jPr8i0BClwby2_mg_xmsKL8knORtx35XQcA/s1600/london-scout-27288.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="Four Simple Ways to Help Your Kids Feel More Excited About Moving" border="0" data-original-height="1067" data-original-width="1600" height="266" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjy-_DTYFPCkD2L0EwpBONckqa37bnHUGJl6ZG54fwS2Ks1LBsm2s8ZB-EnbtT6huxlpFNZGgJ2gxpKaUtnsRkoOZV9htCAQRvPZdai4hU4jPr8i0BClwby2_mg_xmsKL8knORtx35XQcA/s400/london-scout-27288.jpg" title="" width="400" /></a><span style="font-weight: normal;"><span style="color: #222222; font-family: Arial; font-size: 11pt; white-space: pre-wrap;">Moving isn’t easy on most adults. There’s the planning and budgeting, packing and storing and so much more. The kids are often easily lost in the shuffle, and they are stressed about the changes, too. Now, it’s not your fault of course, but the truth is, the busier you get with the move, the more </span><span style="color: #222222; font-family: Arial; font-size: 11pt; white-space: pre-wrap;">they feel overwhelmed and even forgotten. That’s an added level of stress nobody needs. So instead of letting the kids become prisoners of the move, let’s look at a few simple ways to help them feel excited and part of the big adventure!</span></span></h3>
<br /><div dir="ltr" style="line-height: 1.656; margin-bottom: 0pt; margin-top: 0pt;">
<span style="color: #222222; font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;">First of all, if you’re still in the looking phase of buying your home, make sure to include your kids in the process. Ask them what they’d like to have at the new house. Ask them what was missing about this home; not just for their own rooms but for the rest of the house too. Sure, they’re likely to tell you they want a two story water slide, an indoor bounce house or a basement arcade; let them offer up their crazy dreams and schemes! Have fun with their fantasies and let them be playful. Imagine with them. But then take the time to direct the conversation to how they would like to have their bedroom set up. Would they prefer windows or skylights? Is there a feature they want to make sure there’s room for in their bedroom or the living room.</span><span style="color: #222222; font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;"><br class="kix-line-break" /></span></div>
<div dir="ltr" style="line-height: 1.656; margin-bottom: 0pt; margin-top: 0pt;">
<span style="color: #222222; font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;">Next, talk about the schools. Tell them about the schools in the area. Drive to the neighborhoods and take a walk around the different streets and get a feel for each area. Do you like it? Do the kids like it? It’s really helpful to explore the potential neighborhoods to make sure you feel at home inside and outside of your home. Schools and the neighborhoods they’re in will likely have the kids playing there as well. If your child likes the school and the neighborhood, they’ll likely find great friends there too.</span><span style="color: #222222; font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;"><br class="kix-line-break" /></span></div>
<div dir="ltr" style="line-height: 1.656; margin-bottom: 0pt; margin-top: 0pt;">
<span style="color: #222222; font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;">Another thing you can do to keep your child or children involved </span><span style="color: #ff2600; font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;">in the process,</span><span style="color: #222222; font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;"> is to ask for their input when you’re choosing new decor or colors. Of course, you’re not leaving the decisions up to them, but they feel good when you invite them into the conversation!</span><span style="color: #222222; font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;"><br class="kix-line-break" /></span><span style="color: #222222; font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;"> </span></div>
<div dir="ltr" style="line-height: 1.656; margin-bottom: 0pt; margin-top: 0pt;">
<span style="color: #222222; font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;">Ask them what their favorite colors are of the paint samples you’ve picked out, or which table is their favorite from the ones you’re deciding between and why.</span><span style="color: #222222; font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;"><br class="kix-line-break" /></span></div>
<div dir="ltr" style="line-height: 1.656; margin-bottom: 0pt; margin-top: 0pt;">
<span style="color: #222222; font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;">The most stressful time of all is during the actual move. Everything is going into boxes, you can’t find what you need, and you trip over something in every corner of the house. So first of all, make sure you reduce the stress of the packing by helping keep your children organized. Ask your kids if they’d like your help packing their room or if they’d like to do it themselves. Your child’s personality will determine this one. The more independent ones are more likely to feel empowered and part of the process by doing the packing themselves. Other</span><span style="color: #222222; font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;"><br class="kix-line-break" /></span><span style="color: #222222; font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;">children could feel overwhelmed by the idea and bring more stress to the situation. With those that can become overwhelmed, create a schedule of what will be packed when, and help them spend around 30 minutes at a time packing up their room by section or categories.</span><span style="color: #222222; font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;"><br class="kix-line-break" /></span><span style="color: #222222; font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;"> *</span><span style="color: #222222; font-family: Arial; font-size: 11pt; font-style: italic; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;">will be writing more about this topic soon</span></div>
<br /><div dir="ltr" style="line-height: 1.656; margin-bottom: 0pt; margin-top: 0pt;">
<span style="color: #222222; font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;">Lastly, to really keep the stress down during the move, make sure you keep your outside commitments to a minimum. Avoid appointments or events and keep your daily schedule as simple as possible. Order in. Watch movies. Take time to simply relax in the middle of the madness. Because in the end, your children feed off your emotions and responses. So follow these tips, go at the process a little at a time, and your children will feel far more at ease with the move.</span></div>
</span>navae lukashttp://www.blogger.com/profile/03214117133737926887noreply@blogger.com9tag:blogger.com,1999:blog-1338894621249930912.post-61342016321106801122017-08-28T11:05:00.000-07:002017-08-29T12:58:02.289-07:00Housing Gridlock: Baby Boomers Staying Put. 33% Have No Plan to Move…Ever!<style>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEijXptHCif0u7PaJ0ApDNqqITpR-58RDHurkYjSxDRSrac0ivI3MY7OzFNj0szD33b1v21U1pSbCJzWf26PYT2RKOMzMlAqkPPsrkSd-TTcS-uWR66VHdgagZsYJqLDPC8fzJnHSeX5IPBb/s1600/Screen+Shot+2017-08-28+at+10.55.27+AM.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="416" data-original-width="748" height="221" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEijXptHCif0u7PaJ0ApDNqqITpR-58RDHurkYjSxDRSrac0ivI3MY7OzFNj0szD33b1v21U1pSbCJzWf26PYT2RKOMzMlAqkPPsrkSd-TTcS-uWR66VHdgagZsYJqLDPC8fzJnHSeX5IPBb/s400/Screen+Shot+2017-08-28+at+10.55.27+AM.png" width="400" /></a></div>
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If you are making $40,000 a year, you can just barely afford a one-bedroom apartment in the San Fernando Valley. No, not Encino. Not going to
happen. One bedroom apartments start at $1200 a month, and those are almost
impossible to find. Studio for $1200. Sure. If you find one in a neighborhood that doesn’t have bars on
the windows, there will be five other folks fighting for the key. </div>
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Amazingly, with those kinds of rents, we aren’t seeing
massive apartment complexes being built. Where are the cranes?</div>
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A three bedroom, three bath home in Culver City,
Westchester, or Hawthorne is likely to be selling for $750,000 to over $1
million. On the ocean side of the 405? Fuggedaboutit! So where are the new
developments? Why aren’t homeowners and residential property investors selling
their houses and condos, then taking the profits?<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjsshqdEGVe67hKzwqgRCenRg8qppr7W1Z8xy3idbMycwxhZu56w8-TLplpB5W6bI4R_na1v4OUgejPtIzaJm9j4nT70ncBELc4d0HCMRbUtse_nW9664sMg2QWHqUvWGNxvC43W6Dl1hIR/s1600/Screen+Shot+2017-07-17+at+10.02.59+AM.png" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="130" data-original-width="100" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjsshqdEGVe67hKzwqgRCenRg8qppr7W1Z8xy3idbMycwxhZu56w8-TLplpB5W6bI4R_na1v4OUgejPtIzaJm9j4nT70ncBELc4d0HCMRbUtse_nW9664sMg2QWHqUvWGNxvC43W6Dl1hIR/s1600/Screen+Shot+2017-07-17+at+10.02.59+AM.png" /></a></div>
<span style="font-size: xx-small;"><span style="font-family: "Helvetica Neue",Arial,Helvetica,sans-serif;">Just
released! You can add $10,000 or more to the sale price of your home by
following the steps offered in this exciting new book by Whit Prouty.
Don't be fooled by the current hot market place. How you plan for the
sale of your #1 asset will matter. </span></span><br />
<span style="font-size: xx-small;"><span style="font-family: "Helvetica Neue",Arial,Helvetica,sans-serif;">Learn
about staging and how to price. Get the latest scoop on what you should
spend a few dollars on to make the house ready. Learn why the real
estate agent you choose really matters. That and much more in this
information packed book. Now on Amazon at <a class="vglnk" href="http://bit.ly/LARealtor" rel="nofollow"><span>http</span><span>://</span><span>bit</span><span>.</span><span>ly</span><span>/</span><span>LARealtor</span></a></span></span><br />
<br />
<div class="notranslate zsg-content-item" id="yui_3_18_1_2_1499450647403_2803">
</div>
<span style="font-size: medium;"><b>Details</b></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoListParagraph" style="mso-list: l0 level1 lfo1; text-indent: -.25in;">
<b style="mso-bidi-font-weight: normal;"><span style="font-size: 14.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><span style="mso-list: Ignore;">1.<span style="font: 7.0pt "Times New Roman";"> </span></span></span></b><b style="mso-bidi-font-weight: normal;"><span style="font-size: 14.0pt;">Baby boomers
are staying put and causing housing gridlock</span></b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
It only makes sense that the boomers, now in their 50’s and
60’s have no plans to sell. They might own the house outright. Even if they
have a mortgage, they’re paying 3.5% interest and this is tax deductible.
Moving is crazy difficult at any age. Who wants to go to the headache? If this
isn’t enough, there’s nothing available to buy. Anything good that comes on the
market has cash offers from frantic families who are tired of paying rent, and
newly arrived techies who have money to burn. </div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
According to Freddie Mac, a record 33% of seniors intend to
stay put. Those are just the ones who have no intention of moving. What about
the other 66% who might like to move, but see to many headaches to make the
move worthwhile. The result – A huge number of the best homes are off the
market.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoListParagraph" style="mso-list: l0 level1 lfo1; text-indent: -.25in;">
<b style="mso-bidi-font-weight: normal;"><span style="font-size: 14.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><span style="mso-list: Ignore;">2.<span style="font: 7.0pt "Times New Roman";"> </span></span></span></b><b style="mso-bidi-font-weight: normal;"><span style="font-size: 14.0pt;">Construction
companies are not building new units fast enough</span></b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
Construction companies are in the business of building homes
and apartments. Why aren’t they doing more of it? In most past housing
shortages in a good economy, the builders would have quickly started getting
permits and building more product. Then, of course, they overbuild and the
prices go down. Why not this time? The list of reasons is long and unlikely to
change:</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoListParagraphCxSpFirst" style="margin-left: .75in; mso-add-space: auto; mso-list: l1 level1 lfo2; text-indent: -.25in;">
<span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><span style="mso-list: Ignore;">A.<span style="font: 7.0pt "Times New Roman";">
</span></span></span>No land available to build on. Land or teardowns
on potential land are too expensive to build on profitably. </div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: .75in; mso-add-space: auto; mso-list: l1 level1 lfo2; text-indent: -.25in;">
<span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><span style="mso-list: Ignore;">B.<span style="font: 7.0pt "Times New Roman";">
</span></span></span>Builders don’t trust this economy. They are
super cautious about interest rates going up, the economy going down, and then
they get stuck with units they can’t rent or sell.</div>
<div class="MsoListParagraphCxSpLast" style="margin-left: .75in; mso-add-space: auto; mso-list: l1 level1 lfo2; text-indent: -.25in;">
<span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><span style="mso-list: Ignore;">C.<span style="font: 7.0pt "Times New Roman";">
</span></span></span>Skilled worker shortage. Generally, downturns in
construction are short lived and tradespeople are able to weather the slower
work periods until the next upturn. This time many construction workers left
the profession and aren’t coming back.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoListParagraph" style="mso-list: l0 level1 lfo1; text-indent: -.25in;">
<b style="mso-bidi-font-weight: normal;"><span style="font-size: 14.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><span style="mso-list: Ignore;">3.<span style="font: 7.0pt "Times New Roman";"> </span></span></span></b><b style="mso-bidi-font-weight: normal;"><span style="font-size: 14.0pt;">Regulations,
taxes, fees, and paperwork are driving up the cost of new homes and apartments </span></b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
Builders want to build and some are willing to take the
risk, find the place to build, and hire or train new workers, but governments
at every level are working to keep building from happening. We all want safe,
environmentally efficient homes, affordable residences, and lovely communities
around our homes. But every one of those desires comes at a cost. The cost is
eventually born by the consumer. If the consumer is not willing to pay this
price and the government has shown very little interest in subsidizing
builders, then projects that might be viable with less regulation, less taxes,
or fewer restrictions, won’t get done. </div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
Then you have many cities or communities who have the NIMBY
(not in my back yard) thinking. They want their community to stay the way it
is, and they use the ballot box and zoning laws to keep certain kinds of
housing out, or to keep the population static. </div>
<div class="MsoNormal">
<br /></div>
<div class="MsoListParagraph" style="mso-list: l0 level1 lfo1; text-indent: -.25in;">
<b style="mso-bidi-font-weight: normal;"><span style="font-size: 14.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><span style="mso-list: Ignore;">4.<span style="font: 7.0pt "Times New Roman";"> </span></span></span></b><b style="mso-bidi-font-weight: normal;"><span style="font-size: 14.0pt;">Almost
impossible for builders to catch up with pent up demand</span></b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
Kids are living with their parents into their late 20’s or
even 30’s. People who’d rather live alone are living with roommates. Huge
numbers of folks are living 45 minutes or more from work, because they can’t
afford to live closer. Therefore, even if housing starts increased, the demand
is so strong that it couldn’t be satisfied for years into the future. </div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
The demand in Los Angeles and all of SoCal is also coming
from tech workers moving South from Boston, Seattle, Oregon, and the Bay Area.
Additional demand is coming from all over the planet, with the climate and the
beaches drawing wealthy immigrants from Asia, the Middle East, and Europe.
These folks can all afford to pay for expensive properties.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoListParagraphCxSpFirst" style="mso-list: l0 level1 lfo1; text-indent: -.25in;">
<b style="mso-bidi-font-weight: normal;"><span style="font-size: 14.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><span style="mso-list: Ignore;">5.<span style="font: 7.0pt "Times New Roman";"> </span></span></span></b><b style="mso-bidi-font-weight: normal;"><span style="font-size: 14.0pt;"><span style="mso-spacerun: yes;"> </span>Immigration from Mexico has slowed now, but it
will be back</span></b></div>
<div class="MsoListParagraphCxSpLast">
<br /></div>
<div class="MsoNormal">
Illegal immigration from primarily Mexico has been slowed
and almost stopped for many years, not by the efforts of the federal
government, but by the lack of jobs in the US. But now there are jobs available
again, and the demand for better paying jobs that immigrants can do well,<span style="mso-spacerun: yes;"> </span>will create substantial increases in new
housing demand. There is no possibility that Southern California will be
building enough low cost housing to take care of this influx. So, look to a
time when doubling and tripling-up will again be the norm for these families. </div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
It is possible that a substantial recession, not the
three-month type or even the mild </div>
<div class="MsoNormal">
nine-month kind that is likely sometime soon, could moderate
things for a year or two. Permits being applied for now will not see shovels
turning dirt for 18 months or longer, so a mild downturn won’t affect building
plans already going through planning departments. </div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b style="mso-bidi-font-weight: normal;"><span style="font-size: 14.0pt;">How should you play this real estate market?</span></b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
Whit Prouty says this: “Don’t make your decisions about
buying or selling a home based on the market conditions. Buy based on your
need. If you want to move right now, you might feel like you are buying high,
but you’ll also be selling high. You’ll lose your amazing interest rate, but
rates are still under 4%. If you are buying your first home, you may be
overpaying to some degree, but you will still be financially better off <b style="mso-bidi-font-weight: normal;">within three years</b> or so compared to
renting. And 10 years from now, you’ll be thrilled that you bought a place.”</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
To learn more and discuss the details of your real estate
needs, please give Whit Prouty a call today at <span style="font-family: "times new roman"; mso-fareast-font-family: "Times New Roman";">(310) 962-6942</span></div>
Randy Kirkhttp://www.blogger.com/profile/07187149342560881341noreply@blogger.com6tag:blogger.com,1999:blog-1338894621249930912.post-41889017262076980712017-07-25T10:28:00.002-07:002017-08-25T22:48:29.444-07:00Does the Title Realtor Actually Make a Difference<h2>
<span style="font-size: large;">What Is a Realtor and Why Should I Use One?</span></h2>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<center>
<iframe allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/Tj15C3yShNE" width="560"></iframe></center>
<br />
Did you know that the word Realtor is a valuable registered trademark that has been the subject of many court battles? You see, the folks who started using the word created an entire set of criteria regarding who could use the word and what it means in terms of service.<br />
<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjsshqdEGVe67hKzwqgRCenRg8qppr7W1Z8xy3idbMycwxhZu56w8-TLplpB5W6bI4R_na1v4OUgejPtIzaJm9j4nT70ncBELc4d0HCMRbUtse_nW9664sMg2QWHqUvWGNxvC43W6Dl1hIR/s1600/Screen+Shot+2017-07-17+at+10.02.59+AM.png" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="130" data-original-width="100" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjsshqdEGVe67hKzwqgRCenRg8qppr7W1Z8xy3idbMycwxhZu56w8-TLplpB5W6bI4R_na1v4OUgejPtIzaJm9j4nT70ncBELc4d0HCMRbUtse_nW9664sMg2QWHqUvWGNxvC43W6Dl1hIR/s1600/Screen+Shot+2017-07-17+at+10.02.59+AM.png" /></a></div>
<span style="font-size: x-small;"><span style="font-family: "helvetica neue" , "arial" , "helvetica" , sans-serif;">Just
released! You can add $10,000 or more to the sale price of your home by
following the steps offered in this exciting new book by Whit Prouty.
Don't be fooled by the current hot market place. How you plan for the
sale of your #1 asset will matter. </span></span><br />
<span style="font-size: x-small;"><span style="font-family: "helvetica neue" , "arial" , "helvetica" , sans-serif;">Learn
about staging and how to price. Get the latest scoop on what you should
spend a few dollars on to make the house ready. Learn why the real
estate agent you choose really matters. That and much more in this
information packed book. Now on Amazon at http://bit.ly/LARealtor</span></span><br />
<br />
<br />
So according to <a href="http://www.investopedia.com/terms/r/realtor.asp">Investapedia</a>: <br />
<div class="inner">
<blockquote class="tr_bq">
<h2>
What is 'Realtor'</h2>
A real estate professional who is a member of the <a href="http://www.investopedia.com/terms/n/national-association-of-realtors.asp">National Association of Realtors</a>, a professional association. Realtors include agents that work as residential and <a href="http://www.investopedia.com/terms/c/commercialrealestate.asp">commercial real estate</a> brokers, salespeople, <a href="http://www.investopedia.com/terms/p/property-manager.asp">property managers</a>, <a href="http://www.investopedia.com/terms/a/appraiser.asp">appraisers</a>, counselors and other real estate professionals. More than 1 million <a href="http://www.investopedia.com/terms/r/realestateagent.asp">real estate agents</a> are realtors, and the term is a registered <a href="http://www.investopedia.com/terms/t/trademark.asp">trademark</a>. Realtors must belong to both a local association or board and a state association. <br />
<h2 class="heading-breaking-down">
BREAKING DOWN 'Realtor'</h2>
Realtors are expected to be experts in their field and must follow
the NAR's code of ethics, which requires agents to uphold specific
duties to clients and customers, to the public and to other realtors.
Among its many requirements, the <a href="http://www.investopedia.com/terms/c/code-of-ethics.asp">code of ethics</a> says that realtors "shall avoid exaggeration, <a href="http://www.investopedia.com/terms/m/misrepresentation.asp">misrepresentation</a>, or <a href="http://www.investopedia.com/terms/c/concealment.asp">concealment</a>
of pertinent facts relating to the property or the transaction;" "shall
be honest and truthful in their real estate communications and shall
present a true picture in their advertising, marketing and other
representations;" and shall "pledge themselves to protect and promote
the interests of their client" while treating all parties to the
transaction honestly. </blockquote>
</div>
<blockquote>
<div style="background-color: white; border: medium none; color: black; overflow: hidden; text-align: left; text-decoration: none;">
<br />
Read more: <a href="http://www.investopedia.com/terms/r/realtor.asp#ixzz4nrhYkpbj" style="color: #003399;">Realtor</a> <a href="http://www.investopedia.com/terms/r/realtor.asp#ixzz4nrhYkpbj" style="color: #003399;">http://www.investopedia.com/terms/r/realtor.asp#ixzz4nrhYkpbj</a>
<br />
Follow us: <a href="http://ec.tynt.com/b/rf?id=arwjQmCEqr4l6Cadbi-bnq&u=Investopedia" target="_blank">Investopedia on Facebook</a></div>
</blockquote>
So, a real estate agent doesn't need to conform to these principles. Seems to make sense that everyone would want the person working on the largest investment in their financial world to follow the Realtor code. Randy Kirkhttp://www.blogger.com/profile/07187149342560881341noreply@blogger.com3tag:blogger.com,1999:blog-1338894621249930912.post-59239085181201742192017-07-07T12:05:00.000-07:002017-07-25T09:23:05.380-07:004-Plex for Sale Easy Walking Distance to the Grove and Farmer's Market<h3 class="">
<span class="addr_bbs">Four Large Two Bedroom/Two Bath Units Close to the Grove</span><span class="addr_bbs"> </span><span class="middle-dot"> </span><span class="addr_bbs">6,261 sqft</span> </h3>
<div class="zsg-lg-1-3 zsg-md-1-1 hdp-summary">
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<div class="estimates">
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh3y_9pwy3yewoxpbDPwTUkw6TWlqIjOVThIH_BAghEG5-oDz2cCI7LwAjTJd-MfEovqY1EBBhmmyOOWljav9j2lIkkzUYvBrIMpN4jdpYi6t3rBtTGpH-ianvcY1MCHcFk_suHfiUtkj1E/s1600/Screen+Shot+2017-07-07+at+11.04.31+AM.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="408" data-original-width="536" height="303" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh3y_9pwy3yewoxpbDPwTUkw6TWlqIjOVThIH_BAghEG5-oDz2cCI7LwAjTJd-MfEovqY1EBBhmmyOOWljav9j2lIkkzUYvBrIMpN4jdpYi6t3rBtTGpH-ianvcY1MCHcFk_suHfiUtkj1E/s400/Screen+Shot+2017-07-07+at+11.04.31+AM.png" width="400" /></a></div>
</div>
<div class="notranslate zsg-content-item" id="yui_3_18_1_2_1499450647403_2803">
Incredible
Location in the Beverly Grove area means incredible Opportunity. This jewel is just
East of Fairfax and just North of Beverly, around the corner from CBS
and The Grove. </div>
<div class="notranslate zsg-content-item" id="yui_3_18_1_2_1499450647403_2803">
</div>
<div class="notranslate zsg-content-item" id="yui_3_18_1_2_1499450647403_2803">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhFeFApcEdxlaoCx29jX6xfa5dznRWGJ5eBEhyphenhyphenY6QuFKcb9vlETRcZ2q523qr5PpevR6sG58P4MWUHd_WHsMmlIIxC8UoNk2IQbCcX9vOtgBS3H8yUj2fLklkt36daPtvLAvvdBoF1vO7yM/s1600/Screen+Shot+2017-07-07+at+11.09.07+AM.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="676" data-original-width="929" height="232" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhFeFApcEdxlaoCx29jX6xfa5dznRWGJ5eBEhyphenhyphenY6QuFKcb9vlETRcZ2q523qr5PpevR6sG58P4MWUHd_WHsMmlIIxC8UoNk2IQbCcX9vOtgBS3H8yUj2fLklkt36daPtvLAvvdBoF1vO7yM/s320/Screen+Shot+2017-07-07+at+11.09.07+AM.png" width="320" /></a></div>
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</div>
<div class="notranslate zsg-content-item" id="yui_3_18_1_2_1499450647403_2803">
This is one of the largest 4-Plex Properties in the
immediate area. All units are 2 bedroom and 2 bath with formal living
room, dining room, kitchen with dishwashers, and individual laundry. </div>
<div class="notranslate zsg-content-item" id="yui_3_18_1_2_1499450647403_2803">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg_Vj2a2Ze85ZzY1DvfqIf47WTahDuIWsPM62H9JFnu51aUBt2Kq76f2rA90VKOOWHxziP7VUwnSKWoL2-ewXsXems8yfyYWSLfA8qengR7-nHWcggdccuwhhfs_AP7zQHgbpsszAVvm47a/s1600/Screen+Shot+2017-07-07+at+11.09.44+AM.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="680" data-original-width="941" height="231" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg_Vj2a2Ze85ZzY1DvfqIf47WTahDuIWsPM62H9JFnu51aUBt2Kq76f2rA90VKOOWHxziP7VUwnSKWoL2-ewXsXems8yfyYWSLfA8qengR7-nHWcggdccuwhhfs_AP7zQHgbpsszAVvm47a/s320/Screen+Shot+2017-07-07+at+11.09.44+AM.png" width="320" /></a></div>
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</div>
<div class="notranslate zsg-content-item" id="yui_3_18_1_2_1499450647403_2803">
Original Spanish character is found throughout. Units have been updated
at different times and have newer appliances. The roof was replaced<span class="" id="util_TextFold_toggleArea">
approximately 10 years ago according to seller. Mostly copper plumbing,
and foundation has been bolted. Detached 4 car garage in the back. </span></div>
<div class="notranslate zsg-content-item" id="yui_3_18_1_2_1499450647403_2803">
</div>
<div class="notranslate zsg-content-item" id="yui_3_18_1_2_1499450647403_2803">
<span class="" id="util_TextFold_toggleArea">Owners currently occupying unit #3 (327 N Genesee) and can be delivered
vacant after negotiated possession. Interior viewing of units with
accepted offer.</span><span class="linkToggle expanded" id="util_TextFold"> </span><br />
<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjsshqdEGVe67hKzwqgRCenRg8qppr7W1Z8xy3idbMycwxhZu56w8-TLplpB5W6bI4R_na1v4OUgejPtIzaJm9j4nT70ncBELc4d0HCMRbUtse_nW9664sMg2QWHqUvWGNxvC43W6Dl1hIR/s1600/Screen+Shot+2017-07-17+at+10.02.59+AM.png" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="130" data-original-width="100" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjsshqdEGVe67hKzwqgRCenRg8qppr7W1Z8xy3idbMycwxhZu56w8-TLplpB5W6bI4R_na1v4OUgejPtIzaJm9j4nT70ncBELc4d0HCMRbUtse_nW9664sMg2QWHqUvWGNxvC43W6Dl1hIR/s1600/Screen+Shot+2017-07-17+at+10.02.59+AM.png" /></a></div>
<span style="font-size: x-small;"><span style="font-family: "Helvetica Neue",Arial,Helvetica,sans-serif;">Just
released! You can add $10,000 or more to the sale price of your home by
following the steps offered in this exciting new book by Whit Prouty.
Don't be fooled by the current hot market place. How you plan for the
sale of your #1 asset will matter. </span></span><br />
<span style="font-size: x-small;"><span style="font-family: "Helvetica Neue",Arial,Helvetica,sans-serif;">Learn
about staging and how to price. Get the latest scoop on what you should
spend a few dollars on to make the house ready. Learn why the real
estate agent you choose really matters. That and much more in this
information packed book. Now on Amazon at http://bit.ly/LARealtor</span></span><br />
<br />
</div>
<div class="notranslate zsg-content-item" id="yui_3_18_1_2_1499450647403_2803">
</div>
<span style="font-size: large;"><b>Details</b></span></div>
<div class="zsg-content-component" id="yui_3_18_1_2_1499450647403_2804">
</div>
<div class="zsg-content-component" id="yui_3_18_1_2_1499450647403_2804">
<span class="linkToggle expanded" id="util_TextFold"><span class=""><span class="value-suffix"></span></span></span><br />
<div class="notranslate zsg-content-item" id="yui_3_18_1_2_1499450647403_2803">
<div class="main-row home-summary-row">
<span class=""> $2,549,000 <span class="value-suffix"> </span></span> </div>
<div class="price-cut-row home-summary-row">
Price cut: <span class=""> -$51,000 <span class="value-suffix"> </span></span> <span class="home-value-hint">(6/23)</span> </div>
</div>
<div class="notranslate zsg-content-item" id="yui_3_18_1_2_1499450647403_2803">
<span class="linkToggle expanded" id="util_TextFold">Official property, sales, and tax information from county (public) records as of 07/2016:
</span><br />
<ul class="listInline mbn pdpFeatureList">
<li class="cols7 listTopAlign mbn">
<ul class="listBulleted mbn">
<li>Quadruplex (4 units, any combination)</li>
<li>6,261 sqft interior</li>
<li>4 Units</li>
</ul>
</li>
<li class="cols8 listTopAlign mbn">
<ul class="listBulleted mbn">
<li>8 Bedrooms</li>
<li>Lot Size: 6,375 sqft</li>
<li>County: Los Angeles</li>
</ul>
</li>
<li class="cols7 listTopAlign mbn">
<ul class="listBulleted mbn">
<li>8 Bathrooms</li>
<li>Built In 1931</li>
<li>Tax Rate Code Area: 0-067</li>
</ul>
<br />
<div class="title notranslate">
<a href="https://www.coldwellbankerhomes.com/ca/beverly-hills/agent/whitney-whit-prouty/aid_28160/">Whit Prouty</a></div>
<div class="calbre">
Cal BRE#: 01303275</div>
<div class="link-icon">
<a class="icon-mail" data-ic-form-fields="{"AgentID":28160,"TeamID":0,"OfficeID":5145}" data-ic-form-presentation="dialog" data-ic-form-title="Contact Whit" data-ic-form="IC_ContactMe_0" data-share-fields="" href="https://www.coldwellbankerhomes.com/ca/studio-city/11360-sunshine-ter/pid_17927938/#">Email Me</a>
</div>
<span class="line"><span itemprop="telephone"><a class="phone-link" data-phone-type="mobile" href="tel:+1-310-962-6942">(310) 962-6942</a></span><i> mobile</i></span><br />
</li>
</ul>
</div>
</div>
</div>
<br />
<section class="zsg-content-section " id="yui_3_18_1_2_1499450647403_2806"></section>Randy Kirkhttp://www.blogger.com/profile/07187149342560881341noreply@blogger.com4tag:blogger.com,1999:blog-1338894621249930912.post-67967166260131339472017-07-07T10:55:00.000-07:002018-01-20T09:25:27.602-08:0011360 Sunshine Terrace, Studio City, CA 91604 For Sale - 4/6 and 3920 square feet<h2>
Spacious Hillside California Spanish Home just blocks from Ventura Blvd. Open House Jan 21 1-4 Price Dropped </h2>
<br />
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<iframe allowfullscreen="" class="YOUTUBE-iframe-video" data-thumbnail-src="https://i.ytimg.com/vi/HBvnoSar9sI/0.jpg" frameborder="0" height="266" src="https://www.youtube.com/embed/HBvnoSar9sI?feature=player_embedded" width="320"></iframe></div>
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<div class="remark-section video-text-wrapper">
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Welcome to Racing
Green Design. This Sexy, Modern, California Spanish is organically set
into the Studio City hillside, yet easy access to Ventura Blvd
restaurants and shops. </div>
<div class="js-more-body-remark-section">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhAEO3J2j8WCLDmtIKUrFKoHIWIpi2RoRVFlMxKCC9N-Ktztx-B0Adj1j-66nF0oK0kU_FX6UI9zmOm_gkVSML77aYKGm-sgOR_SB0OvPDJpW8hUsVPtl6L23_JzYnRJY3x_uRZvyUoWach/s1600/Screen+Shot+2017-07-07+at+10.46.04+AM.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="336" data-original-width="458" height="292" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhAEO3J2j8WCLDmtIKUrFKoHIWIpi2RoRVFlMxKCC9N-Ktztx-B0Adj1j-66nF0oK0kU_FX6UI9zmOm_gkVSML77aYKGm-sgOR_SB0OvPDJpW8hUsVPtl6L23_JzYnRJY3x_uRZvyUoWach/s400/Screen+Shot+2017-07-07+at+10.46.04+AM.png" width="400" /></a></div>
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<div class="js-more-body-remark-section">
Designed to function, the residence delivers
wonderful public spaces with views of the Valley or back onto the
hillside. </div>
<div class="js-more-body-remark-section">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgmCs8HuTh_2SSCD80YdY8q0UR0Co9k1eY1Lp0DSRyLAipfzCRUqElY9JcpHNG3ppN8M5NzgwIn4bXCC2jigwLPxpv3NfFMKAJ89H9Xde5kgpFbgXuCKeDAJIrnktit_MSx6Jb29_F1PSGf/s1600/Screen+Shot+2017-07-07+at+10.47.02+AM.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="340" data-original-width="467" height="290" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgmCs8HuTh_2SSCD80YdY8q0UR0Co9k1eY1Lp0DSRyLAipfzCRUqElY9JcpHNG3ppN8M5NzgwIn4bXCC2jigwLPxpv3NfFMKAJ89H9Xde5kgpFbgXuCKeDAJIrnktit_MSx6Jb29_F1PSGf/s400/Screen+Shot+2017-07-07+at+10.47.02+AM.png" width="400" /></a></div>
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<div class="js-more-body-remark-section">
Not a typical 2-story home, the split levels offer easy
movement through the living space. A stunning kitchen is outfitted with
Thermador appliances, custom cabinetry with color-option remote interior
lighting, and a large, eat-at island. </div>
<div class="js-more-body-remark-section">
</div>
<div class="js-more-body-remark-section">
Beyond the kitchen, there is a
wonderful Snug for getting cozy while catching a show on the flat
screen. </div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjg-aLwFLYGDrC5bSfolUviBpVbt_Ury3lbD9nrTbfshvPhz20VHwh-2VIAMLeeBZADRiTXPTF9G6FSWDDvhxPwOC8-4t7wG6jVtnxScD37l57aKtWqUeV8AW_OP812kakVgx84upwn_gl9/s1600/Screen+Shot+2017-07-07+at+10.49.13+AM.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="340" data-original-width="449" height="302" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjg-aLwFLYGDrC5bSfolUviBpVbt_Ury3lbD9nrTbfshvPhz20VHwh-2VIAMLeeBZADRiTXPTF9G6FSWDDvhxPwOC8-4t7wG6jVtnxScD37l57aKtWqUeV8AW_OP812kakVgx84upwn_gl9/s400/Screen+Shot+2017-07-07+at+10.49.13+AM.png" width="400" /></a></div>
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</div>
<div class="js-more-body-remark-section">
</div>
<div class="js-more-body-remark-section">
The master bed suite is delicious with all of the expected
accoutrements. Three other bedrooms with en-suite baths are found in the home. </div>
<div class="js-more-body-remark-section">
</div>
<div class="js-more-body-remark-section">
Upon entry, you'll find a powder
bath and direct access to a grand-sized garage. Back on the upper level,
a three quarter bath has easy accessibility to the lounging deck, spa
and pool with infinity edged waterfall.<br />
<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjsshqdEGVe67hKzwqgRCenRg8qppr7W1Z8xy3idbMycwxhZu56w8-TLplpB5W6bI4R_na1v4OUgejPtIzaJm9j4nT70ncBELc4d0HCMRbUtse_nW9664sMg2QWHqUvWGNxvC43W6Dl1hIR/s1600/Screen+Shot+2017-07-17+at+10.02.59+AM.png" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="130" data-original-width="100" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjsshqdEGVe67hKzwqgRCenRg8qppr7W1Z8xy3idbMycwxhZu56w8-TLplpB5W6bI4R_na1v4OUgejPtIzaJm9j4nT70ncBELc4d0HCMRbUtse_nW9664sMg2QWHqUvWGNxvC43W6Dl1hIR/s1600/Screen+Shot+2017-07-17+at+10.02.59+AM.png" /></a></div>
<span style="font-size: x-small;"><span style="font-family: "helvetica neue" , "arial" , "helvetica" , sans-serif;">Just
released! You can add $10,000 or more to the sale price of your home by
following the steps offered in this exciting new book by Whit Prouty.
Don't be fooled by the current hot market place. How you plan for the
sale of your #1 asset will matter. </span></span><br />
<span style="font-size: x-small;"><span style="font-family: "helvetica neue" , "arial" , "helvetica" , sans-serif;">Learn
about staging and how to price. Get the latest scoop on what you should
spend a few dollars on to make the house ready. Learn why the real
estate agent you choose really matters. That and much more in this
information packed book. Now on Amazon at http://bit.ly/LARealtor</span></span><br />
<br /></div>
<div class="js-more-body-remark-section">
</div>
<div class="js-more-body-remark-section">
<div class="col-2">
<div class="split-2">
<div class="col">
<ul class="padding-top">
<li><b>Price: </b> $2,300,000 DROPPED on Friday 1/19!! $1,999,999</li>
<li><b>Status: </b> Active</li>
<li><b>Type: </b> Single Family</li>
<li><b>MLS ID: </b> 17-230796</li>
<li><b>Updated: </b>11/9/2017</li>
</ul>
<h3 class="subhead">
Interior</h3>
<ul>
<li><b>Rooms/Areas: </b> Master Bedroom, Formal Entry, Living Room, Walk-In Closet</li>
<li><b>Number of Fireplaces: </b> 2</li>
<li><b>Fireplace(s): </b> Living Room, Master Bedroom</li>
<li><b>Eating Areas: </b> Breakfast Counter / Bar, Dining Area</li>
<li><b>Appliances: </b> Dishwasher, Freezer, Garbage Disposal, Gas Dryer Hookup, Refrigerator, Vented Exhaust Fan, Built-Ins, Range Hood, Range</li>
<li><b>Flooring: </b> Wood</li>
</ul>
<h3 class="subhead">
Rooms</h3>
<h4 class="subhead-meta">
Bathrooms</h4>
<ul>
<li><b>Total Bathrooms: </b> 6</li>
<li><b>Full Bathrooms: </b> 2</li>
<li><b>3/4 Bathrooms: </b> 3</li>
<li><b>Half Bathrooms: </b> 1</li>
</ul>
<h4 class="subhead-meta">
Bedrooms</h4>
<ul>
<li><b>Total Bedrooms: </b> 4</li>
</ul>
<h4 class="subhead-meta">
Other Rooms</h4>
<ul>
<li><b>Laundry: </b> Individual Room</li>
</ul>
<h3 class="subhead">
Additional Information</h3>
<ul>
<li><b>Pool: </b> Yes</li>
<li><b>Pool Description: </b> Heated and Filtered, Negative Edge/Infinity Pool, Waterfall</li>
<li><b>Spa Description: </b> Gunite, In Ground, Gas Heated, Private Spa</li>
</ul>
<h3 class="subhead">
Exterior</h3>
<ul>
<li><b>Deck/Patio: </b> Open Patio</li>
</ul>
<h3 class="subhead">
Parking</h3>
<ul>
<li><b>Parking Type: </b> Garage (Two Doors), Garage Is Attached</li>
<li><b>Parking: </b> Direct Garage Access</li>
</ul>
<h3 class="subhead">
Location</h3>
<ul>
<li><b>County: </b> Los Angeles</li>
<li><b>Driving Directions: </b> Ventura to Tropical to Sunshine and Home</li>
</ul>
</div>
<div class="col">
<h3 class="subhead">
School Information</h3>
<ul>
<li><b>Elementary School: </b> Carpenter Comm. Charter</li>
<li><b>Middle School: </b> Walter Reed Middle School</li>
<li><b>High School: </b> No. Hollywood Senior High</li>
</ul>
<h3 class="subhead">
Heating & Cooling</h3>
<ul>
<li><b>Cooling Type: </b> Air Conditioning</li>
<li><b>Heating Type: </b> Central Furnace</li>
</ul>
<h3 class="subhead">
Structural Information</h3>
<ul>
<li><b>Architectural Style: </b> Spanish</li>
<li><b>Structure Type: </b> Single Family</li>
<li><b>Common Walls: </b> Detached/No Common Walls</li>
<li><b>Square Feet: </b> 3,920</li>
<li><b>Sq. Ft. Source: </b> Seller</li>
<li><b>Year Built: </b> 1930</li>
</ul>
<h3 class="subhead">
Lot Features</h3>
<ul>
<li><b>Property View: </b> Hills View, Valley View</li>
<li><b>Lot Size (Sq. Ft.): </b> 8,683</li>
<li><b>Lot Size Source: </b> Public Records</li>
<li><b>Zoning: </b> LAR1</li>
</ul>
<h3 class="subhead">
Disclosures and Reports</h3>
<ul>
<li><b>Special Conditions: </b> Standard Sale</li>
<li><b>Legal Disclosures: </b> Take Property As Is, Commission to Buyer Agent</li>
</ul>
</div>
</div>
</div>
<br />
<div class="title notranslate">
<a href="https://www.coldwellbankerhomes.com/ca/beverly-hills/agent/whitney-whit-prouty/aid_28160/">Whit Prouty</a></div>
<div class="calbre">
Cal BRE#: 01303275</div>
<div class="link-icon">
<a class="icon-mail" data-ic-form-fields="{"AgentID":28160,"TeamID":0,"OfficeID":5145}" data-ic-form-presentation="dialog" data-ic-form-title="Contact Whit" data-ic-form="IC_ContactMe_0" data-share-fields="" href="https://www.coldwellbankerhomes.com/ca/studio-city/11360-sunshine-ter/pid_17927938/#">Email Me</a>
</div>
<span class="line"><span itemprop="telephone"><a class="phone-link" data-phone-type="mobile" href="tel:+1-310-962-6942">(310) 962-6942</a></span><i> mobile</i></span></div>
</div>
Randy Kirkhttp://www.blogger.com/profile/07187149342560881341noreply@blogger.com1tag:blogger.com,1999:blog-1338894621249930912.post-37722921466835037992017-06-26T14:29:00.000-07:002019-04-22T10:27:42.068-07:00Los Angeles Residential Real Estate Likely to Rise Another 40% - The Facts<style>
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<h2 class="MsoNormal">
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjQ3du5MEynSVE-FhwLueolb5B3ayGZ3EB2cjyk__GZsI8wGEW-6xywUxDWyJlQUB03ksauu0EtYQKogBEcIrGCzCqN0iwXL3K6YaBv_eWcFRkYAygXCDOb9Cw_P2f7mPCLfOhuLauD1dc2/s1600/AdobeStock_76085034.jpeg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="900" data-original-width="1600" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjQ3du5MEynSVE-FhwLueolb5B3ayGZ3EB2cjyk__GZsI8wGEW-6xywUxDWyJlQUB03ksauu0EtYQKogBEcIrGCzCqN0iwXL3K6YaBv_eWcFRkYAygXCDOb9Cw_P2f7mPCLfOhuLauD1dc2/s400/AdobeStock_76085034.jpeg" width="400" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Folks want to live in Los Angeles. Who could blame them?</td></tr>
</tbody></table>
</h2>
<h2 class="MsoNormal">
<a href="http://whitprouty.com/">Absolutely No Evidence of Bubble in LA Real Estate Market</a></h2>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
There a plenty of pundits trying to get credit for calling
the next pop of the real estate bubble. While forces far beyond reason can and
do create serious shifts in any market, every data set available to us at this
time points to higher prices. </div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
The Los Angeles residential real estate market is filled
with complexity, so no one can claim to know the future of prices in LA County.
However, the stability in the current market with continuous year over year
price increases has many clear factors creating that direction. In particular,
folks are staying put longer and drying up the supply. This post will speak
primarily to the owner-occupier, but the information will apply equally to
investment purchases. </div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b style="mso-bidi-font-weight: normal;"><span style="color: red;">History:</span></b><span style="color: red;"> </span><i style="mso-bidi-font-style: normal;">We are not at a new top. We are just now
reaching parity with 2007 in nominal terms. When adjusted for inflation we are
still 12.4% below 2007. No one knows how far above the old top we will go, but
30% would not be unheard of. Thus, we might have more than 40% to go before
reaching the top. </i></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
Where to start? Let’s begin with history. The Los Angeles
residential real estate market is famous for wild swings. Everyone whose has
lived here for more than a couple of decades will tell stories of the house
they should have purchased (e.g. Venice in 2001.)</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
However, regardless of the swings, the LA market has moved
ever upward. Each correction is followed by a new top. Of course, each top is
followed by a selloff of 30% or even more.<br />
<br />
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<span style="font-size: x-small;"><span style="font-family: "helvetica neue" , "arial" , "helvetica" , sans-serif;">Just released! You can add $10,000 or more to the sale price of your home by following the steps offered in this exciting new book by Whit Prouty. Don't be fooled by the current hot market place. How you plan for the sale of your #1 asset will matter. </span></span><br />
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<b style="mso-bidi-font-weight: normal;"><span style="color: red;">Supply: </span></b><i style="mso-bidi-font-style: normal;">The
lack of supply is going to continue, and will drive up prices and rents for at
least another 3-4 years.</i></div>
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How is the Spring 2019 market doing? Generally, other than
an economic crisis, there will be some evidence of topping as homes take longer
to sell, or sellers start dropping their price. As of this writing, the average
days on market in LA County is 40 days. It is common in flat markets for homes
to average 90 days or longer to sell. Continued shortages of quality properties
for sale or rent in Spring of 2017 suggest a continuation of the strong market.
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Moreover, due to permitting difficulties and a lack of
places to build, it is unlikely that even bullish builders can flood the market
within the next 30 months. </div>
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<b style="mso-bidi-font-weight: normal;"><span style="color: red;">Affordability:</span></b><span style="color: red;"> </span><i style="mso-bidi-font-style: normal;">The stats don’t tell the entire story. There
are plenty of folks who can afford to pay more.</i></div>
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What about affordability? We’ve all read the headlines that
LA residents can’t afford these rents and/or purchase prices. Read a bit further
and you’ll find out that LA is undergoing a massive demographic shift. Those
who can’t afford the prices are moving out. Those who can are moving here from
colder and less interesting places. </div>
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LA is now a World Class City like London, NYC, or San
Francisco. The tech folks are moving in to LA, because the nerds are just like
everyone else. They love sun, beaches, snow boarding, and night life. The
gentrification of DTLA is absolutely stunning in the transformation and the
pace of change. With two incomes in the six-figure range, you can afford a lot
of house. So the incomes of the folks who live here don’t need to go up. The incomes
of those moving in need to be high enough to afford the housing. </div>
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<b style="mso-bidi-font-weight: normal;"><span style="color: red;">Wealth:</span></b><span style="color: red;"> </span><i style="mso-bidi-font-style: normal;">If you have enough wealth, you don’t need a
lot of income to afford a home. If you have wealth and income, you can afford a
lot of home. </i></div>
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The wealth effect. We are currently undergoing by far the
largest transfer of wealth in human history. Baby boomers are inheriting from
their parents, and many are already “helping” their kids and grandkids just
like earlier generations. If grandma makes a big enough down payment, the
monthly payments are more affordable. Expect this factor to only get bigger and
bigger over the next decade. </div>
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Another huge wealth effect is the amount of equity currently
in homes. After the meltdown of 2008, the equity has shot up with many
homeowners owning their properties outright. When it is time to move, these
folks have all cash or a very large down payment. Once again, the affordability
isn’t in question based on income. </div>
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<b style="mso-bidi-font-weight: normal;"><span style="color: red;">Weather and Beaches: </span></b><i style="mso-bidi-font-style: normal;">There is no expectation that the lure of LA will be over any time soon.
We are a land of immigrants. </i></div>
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In addition to an influx of US citizens from Seattle, San
Francisco, Silicon Valley, and other tech hot spots, Los Angeles is a draw for
those seeking to immigrate into the US. If you pay close attention while
walking down the local mall, it doesn’t take a rocket scientist to see that the
ethnic makeup of Los Angeles is heavily made up of recent arrivals. </div>
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Some of these folks are coming for school. Others because they
have employment offers or want to establish a business here. Some are merely
attempting to offshore some of their wealth. Foreign buyers have represented a
large part of the purchases over the current boom. </div>
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<b style="mso-bidi-font-weight: normal;"><span style="color: red;">Rent-Price Index: </span></b><i style="mso-bidi-font-style: normal;">Landlords are still able to get higher rents, and that is currently keeping
the ratio quite acceptable. If rents stagnate, then it could be evidence of a
top.</i> </div>
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A consistently accurate way to measure housing prices is to
take a look at the housing price compared to the rental income that home could
provide. This makes great sense as residential real estate investors will move
out of the market place if this ratio doesn’t make sense. Moreover, the “crowd”
seems to sense when it makes more sense to rent or more sense to buy on a
purely economic basis. </div>
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The LA market tends to fluctuate between 15 and 24 on this
formula. If the rent is $5000 a month, that would be $60,000 a year. If you multiply
that by 15, that home is worth $900,000. If you multiply by 24, the home is
worth $1,440,000. The current price to income ratio in LA is 17.1 according to
Zillow. Once again, this suggest that we are far from overpriced. </div>
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Obviously, one can make the argument that both rents and
prices are too high, and LA is experiencing a bit of a building boom in
apartments right now. However, no pundit I’ve read seems to think this boomlet
in apartments will solve the shortage. </div>
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<b style="mso-bidi-font-weight: normal;"><span style="color: red;">No More Vacant Land: </span></b><i style="mso-bidi-font-style: normal;">Alternative ways to increase supply are not viable. If supply doesn’t
increase, and demand remains steady or goes up, prices must follow.</i> </div>
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Less closely tied to the value of residential property, but
still a factor, commercial, industrial, and raw land do impact overall real
estate values. If homes and apartments are hard to find right now, these three
categories are almost non-existent in LA County. This means builders have no
place to build. The one exception is retail, but because office and commercial
is so tight, retail properties that come on the market are often converted to
employee or warehouse space. </div>
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No one who knows LA has any doubt that there is little land
that hasn’t been built on. The ocean and the mountains have set the limits, and
like other similar cities, this land limitation will also drive up prices. OC’s
prices are already higher than LA, and the Inland Empire is where folks are
heading who can’t afford LA.</div>
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<b style="mso-bidi-font-weight: normal;"><span style="color: red;">Mortgage Interest Rates:</span></b><span style="color: red;"> </span><i style="mso-bidi-font-style: normal;">Interest rates on mortgages will probably go
up, and this will affect sales prices.</i></div>
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Mortgage interest rates continue to sit close to historic
lows. Someday they are likely to go up to historic averages around 5.5% - 6%.
There is no doubt that this will put downward pressure on prices as the cost of
the mortgage will affect affordability. If this increase is slow enough, the
impact may not be substantial. A 1% increase on a $1,000,000 home with 20% down
adds about $650 per month to the cost. This would suggest that prices might
have to drop 10% to offset the interest. </div>
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Our earlier assessment was the prices will go up another
40%. If interest rates go up by 1 or 2%, this might result in prices only going
up 20% or 30%. Historically, at some point, there will be a 30% correction. </div>
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<b style="mso-bidi-font-weight: normal;"><span style="color: red;">Long Term Strategy:</span></b><span style="color: red;"> </span><i style="mso-bidi-font-style: normal;">If you plan to own a home or a string of
homes over the next 10 – 50 years, don’t worry too much about where the market
is today.</i> </div>
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Buying high seems like such a bad idea, but if you are
buying for the long term, even if you might move to another home in the future,
your initial purchase price will have little to do with your long term economic
benefit. </div>
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Huh?! I don’t blame you. It took me a while to get my arms
around this one. As long as you stay in a purchased home, you will not “realize”
a profit or loss. Say you buy a home for $500,000, and it drops in price to
$350,000, but you don’t sell. Later the home goes up to $480,000 and you sell.
You lost money, but you now take your stake (down payment), and you are
investing in the next home in the same market condition of the one you’re
selling. Somewhat depressed. So you sell at a bargain rate and also buy at a
bargain rate. </div>
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In the opposite situation, you might sell for $700,000, but
all the homes you hope to buy have also gone up 40%. You sell at a high price,
but you have to buy at a high price. The only time any of this matters is when
you sell the last time and leave the market. </div>
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<b style="mso-bidi-font-weight: normal;"><span style="color: red;">The Economy: </span></b><i style="mso-bidi-font-style: normal;">Crazy
things happen (1999, 2008), so the economy could always spin downward. Right
now that seems to be the least likely of scenarios.</i> </div>
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What about the economy? We are part of the strangest economy
in the last 70 years or longer. We have very slow growth, but it has been
protracted over the past 9+ years. While this created long term problems for
many workers who were unemployed or underemployed, we seem to have now reached
some kind of stable growth, with low inflation, and employment at good numbers.
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Since we are just starting to see wage growth even at “full” employment,
one has to suspect that many in the workforce are still substantially
underemployed in both their position and hours. If the economy continues at the current growth rate, those with good jobs and decent income and wealth may
continue to love the economy (see the stock market.) However, this would not be
good for those who are still underemployed or who have given up. </div>
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On the other hand, if the economy starts to grow at 3%,
there should be better jobs and hours, creating a demand push on wages. This
will help many to afford more rents and higher home prices. Either way, the
economy looks to be our friend for the next several years when it comes to
demand for housing. </div>
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Summary: If you are thinking of buying a house, whether it
is your first or your 10<sup>th</sup>, the primary motivation for moving now is
the interest rates. Buy before they go up!! As noted in the 9<sup>th</sup>
observation, it won’t matter in the long term if you overpay. But as noted in
the first eight observations, there is little likelihood that home prices are
going down any time soon. </div>
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As noted above the market for homes is extremely tight with
very little supply of better homes in the better neighborhoods. That’s why you
should call Whit Prouty to help you find the perfect home for your needs. Whit knows
the <a href="http://whitprouty.com/">LA County real estate market</a> and is currently very active in the <a href="http://whitprouty.com/santa-monica">Santa Monica real eastate market</a>, as well as
MDR, Silicon Beach, and everything West of DTLA. Call Whit now at <b style="mso-bidi-font-weight: normal;"><span style="background: white; color: #4472c4; font-family: "verdana"; font-size: 10.0pt;">310-962-6942.</span></b></div>
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Randy Kirkhttp://www.blogger.com/profile/07187149342560881341noreply@blogger.com3tag:blogger.com,1999:blog-1338894621249930912.post-34267395486576317742017-05-20T11:09:00.001-07:002017-05-20T11:09:30.424-07:00Stunningly Beautiful And Modern 4 Bedroom, 4.75 Bath Home For Sale in Studio City<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEisFAGtMliRQEbpUZ78hW9Q3xBvuPBeQN67t17jQ7cvwveA4E_d0ew4k5Ra9KVjTAjW_BacRegwCQNPjpaaJp96nn1zipdatXK4DAqLjSmqdDJVJJsWykoIPVaRQf42OjgtOR-iF27musOK/s1600/studio-city.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="179" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEisFAGtMliRQEbpUZ78hW9Q3xBvuPBeQN67t17jQ7cvwveA4E_d0ew4k5Ra9KVjTAjW_BacRegwCQNPjpaaJp96nn1zipdatXK4DAqLjSmqdDJVJJsWykoIPVaRQf42OjgtOR-iF27musOK/s320/studio-city.png" width="320" /></a></div>
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Watch a short video of this home:<br />
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www.whitprouty.comRandy Kirkhttp://www.blogger.com/profile/07187149342560881341noreply@blogger.com6Studio City, Los Angeles, CA, USA34.1395597 -118.387099134.0869907 -118.4677801 34.1921287 -118.3064181