DTLA Prices Starting to Bounce Back + Going Back to the Office

You always have to be cautious in unprecedented times, but there's no doubt been signs of some recovery in LA and especially DTLA. 

Single family homes are still super hot, with no signs of slowdown in 2021. Low inventory is fueling high prices because we're at that point again where owners are holding on since they can't buy any cheaper even if they sell and gain nice equity profits. Plus too many buyers and low interest rates.  https://www.redfin.com/news/housing-market-update-39-pct-homes-sold-above-list-price/

The single family/suburban boom is also now lifting prices of for DTLA again from 2020's setback. Here in DTLA, we're seeing an influx of savvy east coasters and bay area buyers who are seeing the value in prime buildings, Mills Act properties, and the growing number of companies coming back to the office in DTLA. https://www.eastbaytimes.com/2021/03/04/covid-economy-bay-area-residents-exit-region-growing-numbers-jobs-tech/

And Bitcoin may become a regular currency for paying rents! https://www.yahoo.com/entertainment/first-tesla-now-rent-california-205817713.html

Bitcoin + Real Estate

No, Bitcoin is not a Federally recognized currency in the U.S. (a fail on their part).

Yes, Bitcoin is accepted to purchase real estate. The reason is because the cryptocurrency is transferred to the Seller from the Buyer, so as long as both parties agree, it's ok. However, there are certain fees in escrow (if using an escrow company) that must be paid by "legitimate" currency.

A Frank Lloyd Wright house in Berkeley is accepting Bitcoin.

Buying a condo in DTLA? A house in the Hollywood Hills? You can swing a Bitcoin deal as long as you have your ducks in a row in cold hard Bitcoin, or even if you're financing a portion of the deal with Bitcoin--you just need the right lender.