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The Southward Group

Southern California and Los Angeles Real Estate

Happiness cannot be traveled to, owned, earned, worn or consumed. Happiness is the spiritual experience of living every minute with love, grace and gratitude. — Unknown

The Luxury Market: Glut of Megamansions will affect your pricing.

Los Angeles has too many megamansions and not enough buyers, reported Katherine Clarke for The Wall Street Journal. Real-estate agents and developers are turning to themed parties, gimmicky amenities, and $100 million price cuts to get the megamansions off the market. From LA to NYC, gimmicks and price cuts are being used in big cities nationwide, signaling a slow luxury real estate market.
Note : courtesy of Hillary Hoffower

Romance scams rank number one on total reported losses

People looking for romance are hoping to be swept off their feet, not caught up in a scam. But tens of thousands of reports in Consumer Sentinel show that a scam is what many people find. In 2018, Sentinel had more than 21,000 reports about romance scams, and people reported losing a total of $143 million – that’s more than any other consumer fraud type identified in Sentinel.

Metro ExpressLanes is making changes to its Clean Air Vehicle Policy starting March 1, 2019:

Customers with a clean air vehicle (CAV) displaying a valid DMV-issued red or purple CAV decal are eligible for a 15% discount off of the posted rate on the I-10 and I-110 Metro ExpressLanes. To qualify, eligible CAV decal holders must first register for the discount on our website at www.metro.net/expresslanes/cav.

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