has anybody bought a condo/loft in downtown Los Angeles?
i'm compelled to but i need much more education about financing and real estate values.
presently about 10,000 units are in development downtown, renovations and new construction. the downtown is sketchy in some areas, but seems like it has nothing to do but appreciate as a result of all the new development and influx of professionals.
i'm only considering a unit in an old building. the new stuff feels very cheap and domestic, as opposed to the historic and raw of the old (real lofts).
Several million leaving the golden state should free up some rental property & start Cal. R.E. values to tank.