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Old 04-28-2016, 01:25 AM
 
807 posts, read 657,159 times
Reputation: 919

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Bottom line is there's still a ton of demand for infill LA as hiring has improved and east coasters continue to flee nasty winters back east. Compared to the last 3 years which has seen annual mid-to-high single digit growth in some areas, the rate of growth will likely decelerate, but until there's enough new housing supply to reasonably offset demand, I don't see rents stagnating any time soon.

LA is going to need to start going more vertical more I'm afraid. Also, it doesn't help that LA is a major safe haven for foreign capital especially from Asia, pushing home prices and some other real estate assets up because they've got so much cash to spread around.
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Old 04-28-2016, 08:51 AM
 
Location: Los Angeles (Native)
24,147 posts, read 13,668,407 times
Reputation: 11353
Yes no doubt. There is building going on, but it seems unlikely to keep up with demand.
There is still a lot of room for vertical development.
More of L.A will probably look more like koreatown /midwilshire / downtown L.A/ parts of hollywood in the future with taller buildings.
Of course homeowners will fight it , but it seems that people are finally realizing...when it's too late of course..that there is not enough housing.
Lot's of rundown multifamily too and people living in illegal units.

Yes for sure L.A,NYC,SF are top cities for Asian investment. I know Miami was trying to cater to Chinese investors, but Miami has a lot less appeal than L.A for them.

Also of course there are VISA benefits if you invest $500,000 + in real estate
http://www.nytimes.com/2015/05/17/re...tate.html?_r=0

Also Visa benefits for investing in a business .
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Old 04-28-2016, 08:59 AM
 
73 posts, read 39,010 times
Reputation: 60
Quote:
Originally Posted by Astral_Weeks View Post
Yes, exactly. What is with the username: do you invest in REITs? or work for a REIT? Just curious.
The latter.
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Old 04-28-2016, 09:53 AM
 
Location: Los Angeles
2,422 posts, read 1,325,253 times
Reputation: 2718
^ ok, thanks.
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Old 04-28-2016, 03:03 PM
 
73 posts, read 39,010 times
Reputation: 60
Quote:
Originally Posted by Astral_Weeks View Post
^ ok, thanks.
Sure thing. Not sure how long it will last though, I may be jumping ship to go work for Freddie.
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Old 04-29-2016, 12:00 AM
 
Location: Los Angeles
2,422 posts, read 1,325,253 times
Reputation: 2718
Ok, so I take it you are with a multifamily REIT...?
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Old 04-29-2016, 12:39 PM
 
73 posts, read 39,010 times
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Quote:
Originally Posted by Astral_Weeks View Post
Ok, so I take it you are with a multifamily REIT...?
Yea we do multi family.
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Old 05-01-2016, 09:22 AM
 
346 posts, read 354,492 times
Reputation: 374
Quote:
Originally Posted by Inter441 View Post
Will rent ever decrease ? Like gas prices lol
Earthquakes. That usually kills the housing market and rents plummet. After Northridge rents were ridiculously low. Also gets rid of all the transplants. They leave the state in flocks and it takes 5-10 years to migrate back
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Old 05-01-2016, 09:45 AM
 
Location: West Hollywood, CA
1,367 posts, read 1,627,383 times
Reputation: 1784
yes, lets keep building tall buildings everywhere... because the traffic isn't bad enough.
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Old 05-01-2016, 10:55 AM
 
73 posts, read 39,010 times
Reputation: 60
Quote:
Originally Posted by YoungTraveler2011 View Post
yes, lets keep building tall buildings everywhere... because the traffic isn't bad enough.
Wasn't there some post you had showing pictures of skyscrapers by the beach and wanting LA to look like that?
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