Condo Comparatives: Time to buy? Ask Rasmus at PRE 213-995-5055 (www.LADowntownCondos.com)
Firstly, why PRE? Why Rasmus? Because he and his team at PRE get it: He is both an investor in South Park Los Angeles (properties and added-value businesses designed to serve the communities’ residents such as Hygee Bakery just south of 11th street, on the corner of Hope and 11th-ample parking, which will be opening quite soon) and a resident of South Park L.A himself.
His concerns, his values, and his goals are aligned with other residents and he is a powerful advocate on behalf of the prospective buyer. Interestingly and importantly, he is in tune with the fastest growing South Park L.A demographic: Korean-American buyers. Rasmus has an intuitive sense of cultural understanding, which is very important: His values and outlook align with yours.
Next: is it time to buy? YES. Note in red below, South Park L.A took a 34% slide in condo-property values. There is not much more room to fall: the overall real estate market is evening out, in fits and starts, but, The South Park Development Group’s (WWW.FLVLLC.COM) data points to a bottom. What are the net effects of waiting to see if the market has more ‘give’ in it? Potential increased interest rates (governments engaged in stimulus policies tend to lead toward increased rates) whose increase may outwiegh the gains of waiting for a further drop.
Finally, the infrastructure of South Park L.A is strong and stable and there is a group of stake-holders (Rasmus at PRE), The South Park Development Team, Francis, the Managing Director of LUMA who are working to add the amenities and services, the attractions and interests, to round the neighborhood out.
It’s time to buy.
MOST EXPENSIVE CONDOS 3/09 3/09 3/08 :
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