Los Angelo Living Looks at the Bright Side

No doubt, we live in one of the Hottest real estate markets in the country...and I don't just mean weather-wise...although it has been a scorching summer.  The Top Ten Reasons are further supported by foreign investors who feel the U.S. & especially Los Angeles is a safe place to invest their money.    Los Angeles is the top city for Real Estate searches in the world.  With every one person who leaves this transitional haven, 15 more are ready to arrive which is keeping developers busy building homes for our growing population.  I just wish there was a way to reduce the absurd amount of cars around :)  And then we couldn't call it LA, right?  Another fact to consider is that all the buyers in the market are either putting down large down payments or paying all cash which means (most) buyers are not over-leveraging themselves (the main reason for our past problems).  With that said the Fed has proven they can stop the train with one sudden increase in interest rates.  So although this frenzy can't go on forever let's enjoy the ride while we're on it.  Have a great week.

 

It's All Good.

It's All Good.