Just wanted to say that you've done a great job creating these videos. Thank you so much!! I'm going to go over all your videos before my planned move to LA next year 👍🏻
@theartistofrealestate
2 ай бұрын
Aw, thank you, I am happy to hear that! 😊 Feel free to reach out when you're ready to buy. Thanks for the comment!
@salesforcemusketeer3568
Жыл бұрын
I have seen many videos this one doesn’t look biased and most honest opinion
@theartistofrealestate
Жыл бұрын
Thank you, appreciate it; I try 😊
@miamivicefanatic9736
Жыл бұрын
California is still a popular place to live. The scenes of homelessness and retailers moving out are limited to a small part of the state.
@Campfire4
7 ай бұрын
great video. one bit of information i read was that during covid when rates were super low, about half of the single family unit homes were bought by private equity which created the crazy uptick in price and also low inventory. thoughts?
@theartistofrealestate
7 ай бұрын
Thank you. And thanks for the question! 1/2 seems a little extreme. How much are corporate funds buying single family homes? I think it depends on the market. The principals of low inventory and high demand affected the real estate market in Los Angeles, including the $1M+ market, which from an investment point of view, these homes are not the type of investments that would attract corporate landlords, as they are poor cash-flow positive investments. You need to put like 30%+ down to see any type of cash flow. This is why you don't really see corporate landlords buying in this market. Yet, this market is still being affected by low inventory. So I think the issue is bigger than the corporate landlord thing.
@EduAntonMartinez
Жыл бұрын
This is awesome thanks for putting all the info so clearly. I'll definitely subscribe right now!
@theartistofrealestate
Жыл бұрын
Nice, thanks, Eduardo, happy to hear that! 😊
@mojavedesertsonorandesert9531
Жыл бұрын
Los Angeles is a strong market! It's a desired place to live. OC, San Diego, all top places for rentals. I see many buying in the Palm Springs/Palm Desert area now, it is a good bargain!
@CJ-mt6zd
Жыл бұрын
Bargain? I don’t think there’s been any bargains in California since maybe 2011 or so and that was very brief.
@MrWaterbugdesign
Жыл бұрын
Most people don't understand math so yeah.
@crystalshine1
Жыл бұрын
And because building cost are highest in history.
@theartistofrealestate
Жыл бұрын
Yup, that definitely doesn't help!
@theartistofrealestate
Жыл бұрын
March 2023 Months Of Inventory on the Westside, single family house, dropped to 1.6. 288 Active, 176 sold in March.
@the.homehunter
Жыл бұрын
Great investment opportunity!
@zzazc2929
Жыл бұрын
Thanks for the info!
@theartistofrealestate
Жыл бұрын
Of course, thanks for watching 😊
@Sam-dc9bg
Жыл бұрын
Something to also note is the recession that we are overdue for hasn't fully hit yet. We are in the "soft landing" attempt. None of us know what will happen and both sellers and buyers are waiting.
@theartistofrealestate
Жыл бұрын
Yeah, I know enough to know I also don't know what will happen. 🤷🏻♂️ Thanks for watching and sharing, Sam!
@robertgonzales3936
Жыл бұрын
your are giving wrong info in some areas prices are going down depends on zip code and also we are going to have recession I dont think we will see increase anytime soon and we will see prices crash but again depends on which zip code but for LA county areas I am pretty sure it will go down however if you ask corrupt real estate agents which nobody trust them they will tell you everything is fine and prices will go up but that's not true.
@theartistofrealestate
Жыл бұрын
Thanks for sharing, Robert! You're right; each market is different. Not sure if you saw the whole video, but I don't make a prediction of what's going to happen. I have no idea! You can find my sources in the description. Thanks for watching!
@MrRhinosilver
Жыл бұрын
Robert, what do you think will happen to the Los Angeles city housing market? We don’t have more than 2 months inventory in any souther Cali city. The market is super strong only thing that will change is when the baby boomers start dying.
@robertgonzales3936
Жыл бұрын
@@MrRhinosilver the economy is not strong and wait you will see many people are going to loose their home and as I said in some areas we have seen decrease but again if you ask agents they will say everything is fine
@alkinsac
Жыл бұрын
People counting losing their home let see most people buy their house post 2008 where all the house is dirt cheap why would they let go of their house even current they're already gain alot from house
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