The impact of Covid-19 continues to send shockwaves throughout the US economy and the entire world. Just when investors thought interest rates could not go any lower, an international crisis and massive central bank intervention drove them to generational lows. I believe that this development will have a positive impact on real estate values in the long run as lower long term interest rates create an opportunity for qualified borrowers to get into a home for cheaper than anytime in the recent past.
While sky high Los Angeles real estate prices will likely need to incorporate a slight short term discount to compensate for the increased uncertainty presented by current conditions, in the long run real estate in Los Angeles should serve as a solid store of value and rents should provide an inflation protected rate of return.
In other words. Real Estate Rocks! It builds equity, and generates high levels of income....and you can always live in it :) Take care, - Gabe
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5709 Burnet Ave - Sherman Oaks Elegant 3 bed 2 bath home on a quiet and attractive street in Sherman Oaks. Convenient access to the 101 and 405 freeways, and located within two excellent school districts. Upon entering the home you will find real hardwood floors, a beautiful natural brick fireplace, and a spacious living room with a well constructed skylight to bring in plenty of natural light. Pass through the dining area and you will find a size-able kitchen with beautiful oak cabinets, sparkling new appliances, large premium washer/dryer and vast storage space. The master bedroom has a large and attractive en suite bathroom, also with extra storage space. The large tranquil backyard features impressive, low maintenance turf and has plenty of room to add a pool, ADU, or garden. This home has enormous potential for both homeowners and investors and is ideal for a young family that wants to stay close to the action!
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