Mark's BlogThe 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]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]Read More Posts From This Category
Wilshire Corridor NewsNewest Wilshire Corridor Listing – Unit 1602
Amazing opportunity to purchase a 2 bed + 2.5 bath in Wilshire Corridor’s desirable Blair House. Ocean and Sunset views by day, sparkling city lights at night! Get a peek at the Getty and UCLA as well. This traditional home, in pristine condition, features stunning hardwood floors throughout, crown moldings, surround sound, recessed lights, gourmet kitchen, huge balcony and separate laundry... [Read more]Read More Posts From This Category