2021 Real Estate Overview and Forecast

The below article was written by David Mashian of MoneyMac Loans. REAL ESTATE LOANS Interest Rates – Historically low interest rates have driven the recent residential purchase and refinance boom. Lenders are independently raising interest rates to slow demand. The Fed will keep interest rates low until 2023 to help offset a housing and economic crash.…

Legal Q & A By Richard Beckman

Question 1: What is the latest on the COVID-19 19 eviction restrictions? And what about the recent CDC order halting evictions? Answer 1: As for the recent CDC (Centers for Disease Control and Prevention) order, nothing changed other than the extension of its effective date to January 31, 2021 from the end of December 2020.…

Legal Q & A By Dennis Block

Question One: My company recently purchased a rent-controlled building and the leases do not prohibit smoking. We’ve distributed a memo regarding a new No Smoking Policy, in response to one tenant complaining about smoke entering his unit and causing a health hazard. Can the offending tenant, who keeps smoking, be evicted for committing a nuisance…

L.A. City Eviction Moratorium and Federal Litigation [Open Letters to David Chiu, Governor Newsom and the Los Angeles Daily Journal] By Michael Millman

To the Los Angeles Journal: What’s most disturbing is that the City Council and others passed a “moratorium” which restricts and prevents landlords from imposing the annual, rental-mandated, municipal rent increase.  Under the Rent Stabilization Ordinance, the tenants’ rent may be lawfully increased each year based upon the Consumer Price Index.  There’s a ceiling of…