Archive for July, 2016

Bye Bye Air BnB…maybe ?

Wednesday, July 27th, 2016

As it has in cities that include San Francisco; Portland, and Newark AirBnB has signed an agreement with Los Angeles to collect and remit lodging taxes on behalf of its hosts. The tax collection, at a rate of 14 %, is set to begin in August. The agreement also allows the city to audit the […]

State of So Cal Real Estate

Friday, July 1st, 2016

To sum up —  1 – If you’re planning to buy a home, do it now, because prices are going up for the next few years.  2 -Investments in single-family rental properties have weak potential because of high home prices.  3 – Apartment developments have the best potential in LA County. The LA economy is […]

Luxury Home Sales Slowing

Friday, July 1st, 2016

A cooling market for the most expensive homes is costing hotel and casino magnate Steve Wynn some money.  Two years ago, Wynn paid $16.25 million for an 11,000-square-foot mansion perched above the Bel-Air Country Club. Less than a year later, he sought to unload the home for $20 million.  No luck. Then he tried $17.45 million. […]