The Los Angeles housing inventory is at or near the lowest on record. Average home sales in Southern California as a whole were down 14% from the average in February. What is causing this? There are fewer lower-priced homes being built with the emphasis being on the upper market. This hurts first-time homebuyers. Investors who […]
Prices are crazy depending on where you live, but would you pay $500,000 for a 300 sq. ft. condo. I was recently in Hong Kong and was shocked to learn the cost of housing there. The territory is a total of 1,106 sq. miles with approximately 7.2 million inhabitants. Needless to say space is limited […]
I have experienced Los Angeles from two different viewpoints and I can tell you that living in L.A. is a totally difference experience from visiting it. As you drive around L.A. you see the buses with tourists being shown all the “sights”: Rodeo Drive in Beverly Hills; the Hollywood sign; Griffith Park Observatory; The Magic […]
Affordable housing is a oxymoron in Los Angeles. The California Supreme Court has taken steps to address the problem by making it easier for cities. California is among the most expensive places to buy a home. An average home price at $440,000 is two and a half times the national average of $180,000.
The battle over restricting short-term rentals in Los Angeles continues to wage. While Santa Monica has passed an ordinance banning the rental of a home for less than 30 days unless the owner is in residence, other neighborhoods are fighting the policy. This action was shut down in Silver Lake and Venice, but the City of West Hollywood is next to watch. Malibu is allowing short-term rentals to continue, but the Mayor is authorized to issue subpoenas to companies to ensure that the property owners comply with the mandatory Transient Occupancy Tax (TOT) of 12%.
I hope that by now most of you know what and IDX is. And if you don’t have one, if you are running a website, I strongly suggest that you get one. For those of you just starting out, or who are still marketing the “old” way, this an excerpt explaining IDX from my local […]