January 26, 2009
As lawmakers look for a way out of the recession, it's worth remembering how we got into this mess in the first place. The collapse of the housing market sucked trillions of dollars worth of real estate wealth out of the economy, starting a vicious cycle of cutbacks by consumers, lenders and businesses. But the collapse wasn't a one-time event.
January 3, 2010 |
The gig: Syd Leibovitch, 48, is owner and president of Rodeo Realty in Bel-Air, one of the largest independent realty firms in California, with 12 branch offices in Los Angeles and Ventura counties staffed by about 1,000 brokers and agents. The company sold and listed more than $2.5 billion worth of homes in 2009, according to Leibovitch, including a nine-bedroom, $15.9-million Beverly Hills villa that had a parking lot designed to hold up to 100 cars for entertaining. Leibovitch also owns and operates LA Mortgage, Progressive Title and Encore Escrow.
June 4, 2009 |
As a homeowner, I know it's counterproductive to take delight in the real estate misfortunes of my neighbors. But massive price reductions on a house down the street from me have left a lot of us in the neighborhood gloating. A hulking McMonstrosity that's jaw-droppingly out of place among the modest bungalows that surround it, the house was clearly intended by its owner/builder to be a cash cow.
June 10, 2012
Sprawling estate with ocean vistas Location: 6264 Ocean Terrace Drive, Rancho Palos Verdes 90275 Size: Five bedrooms and 51/2 bathrooms in 5,620 square feet Published: April 10, 2011 Listed then at: $3.95 million Sold for: $3.5 million in September An old L.A. feel inside and out Location: 3138 Oakshire Drive, Los Angeles 90068 Size: Four bedrooms and 31/2 bathrooms in...
February 19, 2013
Re "Home seekers edged out in Inland market," Feb. 17 On the one hand, it is truly heartbreaking to read that the efforts of qualified young professionals to buy homes are being thwarted by investors offering all cash, "some backed by Wall Street war chests. " On the other, it is absolutely revolting that greedy investors are so anxious to flip properties and make even more money that they are cheating the next generation of what they themselves are so lucky to enjoy: homeownership.
August 1, 2010 |
Though I write for this West Coast newspaper, I live in New York City. That means, like a lot of dwellers of the five boroughs, I spend a disproportionate amount of time thinking about real estate, whether griping about too-high rents for tiny apartments or the erection of another steel-heavy skyscraper in my neighborhood. Walking underneath scaffolding, zigzagging through hastily constructed passageways and watching the work of those awe-inspiring cranes brings to mind other salient points about the making of buildings: construction delays, unfortunate accidents and financial mismanagement.