Wednesday, April 24, 2024

Skid Row's Latest Housing Project to Transform a Parking Lot

On 6th and San Pedro, in the middle of Skid Row, more housing to be constructed and a surface parking lot to be built on. https://la.urbanize.city/post/weingart-center-tower-rise-600-s-san-pedro-street-dtla

Thursday, April 11, 2024

Best Time to Buy - When Rates Are High, When Market Crashes, 20 Years Ago

If you can't see that a market has crashed, or can't stomach rates that have doubled since last year, and missed the boat 20 years ago, then you're not ready to buy, and may never buy.

But fortune favors the brave, because those who bought back in the 90s when rates were about 8.5%, were rewarded very handsomely whether they sold at the 2007 height, or kept the property, refinanced in 2005, then again in 2021, or ended up selling in 2021-2022 and used those doubled profits to buy a house of their dreams with a huge down payment in 2024. So while it's difficult to time the market exactly, you can indeed "play" the real estate market and win.