Monthly Blog by Mark Rogo

The Sizzling Market Defined with the Numbers The Sizzling Market Defined with the Numbers

 A lot of you have asked me to clarify the hysterics in the media talking about this sizzling market, but in statistical terms so you can translate hysterical English into quantifiable numbers. Good suggestion.  Adjectives can be ambiguous but numbers cannot. Here’s the catch; read the numbers but continue digging to find out how they translate into the millions of human stories behind them. That’s... [Read more]

Westside Real Estate-What is going on?

Dear Friends and Neighbors, What is going on? Last year, 33 properties on the westside were sold for $20M or more. So far this year, 31 have closed escrow and we have six months to go! In the $10M and higher properties, 160 closed escrow in all of 2016 and yet there are 86 closed so far this year with 25 in the hopper not yet closed for a total of 111, again with six months to go! Let’s talk reality... [Read more]

Who is in the Top 5% and what will this election do to real estate?

“Who is in the Top 5% and what will this election do to real estate?” I’m getting asked both questions daily now, and it just seemed appropriate to address them in my final blog before the November 8th election. Before I start, one strong piece of advice. No matter who you are voting for and what your politics are, just get out and vote. Exercise your franchise as an American citizen, doing what... [Read more]

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2015 Blogs by Mark Rogo

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]

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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]

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