Monthly Blog by Mark Rogo

Looking to 2016 Looking to 2016

It’s that time of year for reflection and to count our blessings. Best of all, it’s the perfect time to look forward with optimism to 2016, a year promising all of the normal entertainment associated with a presidential campaign year. Our year in real estate is over, culminating in one of the best Decembers for closings on record; over $15,000,000 in property value closings for the month.  Our... [Read more]

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2015 Blogs by Mark Rogo

My Take on Westwood Neighborhoods My Take on Westwood Neighborhoods

The community of Westwood is a small suburban neighborhood on the west side of Los Angeles, nestled in between Bel Air, Beverly Hills and Brentwood. Long considered the poor step child of these three hugely affluent communities, it still remains one of the most sought after addresses in Los Angeles, with zip codes 90024, 90025 and 90049.  If I was to cut it up in pieces, I would identify it in four... [Read more]

Pocket Listings Today

The real estate market has become so tight, that “pocket” listings are again appearing as a viable option for Buyers. They gained their name from the practice many years ago of unscrupulous agents who would take a signed listing agreement and metaphorically stick it in their pocket to delay the exposure to the full open market in order to give them time to secure their own Buyer and thus double... [Read more]

The Financial Gap Between the Upper and Middle Class

For a decade, I have been focused on the increasingly large gap between the upper 5% and the rest of society. Our middle class is quickly merging with the lower class into one under privileged class of Americans, and the accelerated pace in recent years only exacerbates this problem. Socialism is not the answer, but neither is this march towards a gigantic economic disparity in the United States. Lawrence... [Read more]

An Economist’s Perspective on Owning Luxury High Rise Condominiums

This will be an informative night. If you currently own a luxury condominium on the Wilshire Corridor or in Century City, or are considering downsizing to one in the future, don’t miss this special presentation. Three nationally renowned economists will be sharing “must have” information on buying, owning and investing in luxury condominiums. This is important information for estate planning... [Read more]

Happy New Year and My 2015 Prediction

The year 2014 is under our belt, and the year 2015 is well underway, promising to be another brutal year on Buyers and stellular year for the Sellers. Numbers are in and the story is the same; Sellers got richer, prices went higher, Days on Market shortened and $/sq ft went up. Let’s take a look at two of the most expensive areas of real estate;  homes in Beverly Hills and condominiums along the... [Read more]

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2014 Blogs by Mark Rogo

Part 2 Income Properties: The numbers

Last month we look at the overall concept of investing in income properties. Today we are going to examine actual data and look at the three approaches I use to evaluate the potential value of an income property. I decided to run some figures and quantify in numbers what I was trying to say in English. Words are ambiguous, and numbers aren’t. In the safe investment community of Beverly Hills, the... [Read more]

Income Properties: A good bet for my money

How many of us have wondered about the pitiful 1% returns we get on our bank accounts, and have thought that there must be other forms of investment with higher returns commensurate with their higher risk level? Even though bonds and munies are available, the returns that are locked in today will not be sufficient for the higher inflationary days heading our way. Now what? One investment tool you should... [Read more]

Let’s Talk Baseball!

Let’s skip talk on real estate. Instead, I have a much more pressing issue that goes to the heart of what we stand for, what we believe in, how we live our lives and if we’ll be alive to see the New Year. Of course, I’m talking about major league baseball. Most of you don’t know this, but MLB is exempt from the Sherman Anti-Trust Act, backed up by an opinion written by Justice Oliver Wendel... [Read more]

First Quarter for 2014

  The first quarter statistics for 2014 from The MLS continue to verify something we already know; it’s still a strong Seller’s market, the Buyers have fewer choices from a lower level of listings, and the trend will continue but not at this pace. The Wilshire Corridor closed 154 condos along the Wilshire Corridor in 2013, averaging 38.5/quarter. The 1st quarter of 2014 only showed 29 closings,... [Read more]

What Happened in 2013 Along the Wilshire Corridor?

  All of the sales data is in for 2013 for homes, condos and all other properties sold. Some of it may surprise you. There was a lot of focus on the Wilshire Corridor, because the papers only reported on SFRs (single family residence homes). Condos always follow homes, and the Corridor is the largest collection of full amenity high rise buildings outside of Manhattan.  Certainly, we fielded a large... [Read more]

The Gap is Widening

There continues to be a distinct and aggressive trend in western societies for the rich to get richer, and the middle class to stagnate. President Obama talked about this in his recent State of the Union Address when he stated, “Today, after four years of economic growth, corporate profits and stock prices have rarely been higher, and those at the top have never done better. But average wages... [Read more]

2014 A Time to Act

If you have been thinking about selling your home, your timing is impeccable. But if you’re one of the many people who have been timing the market, trying to make that perfect plunge at the perfect moment, then I’m sure you have figured out by now that you missed the boat. The ship left port eight months ago, and whether you’re a buyer for a condo or house or income property, the... [Read more]

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