The Glen Donald Building LA and California Exodus

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Los Angeles, CA — In keeping with the powerful combination of truth and light, the Loft Blog addresses two conflicting aspirations for a satisfying lifestyle. The first is the desire to improve our lives by living in an amazing, efficient property amid the best shopping, dining, entertainment and transportation. Secondly, we want to live in place we can trust, where we feel safe, creatively fulfilled and economically stable. With more awareness of the pros and cons of urban living, we can take full advantage of modern metropolitan opportunities, and reduce our exposure to the dangers and down sides of big city chaos. | Blog Video

The Glen Donald Building, at 2121 James M Wood Blvd in the Westlake neighborhood of Los Angeles, is an historic condominium building with mostly small studio to medium-sized one-bedroom units, around 300 square feet to 700 square feet or so, occasionally For Sale or For Lease. See more Glen Donald information and listings.

Californians Leaving the State and Moving to Texas

The State of California today attracts poverty, while chasing away wealth at breakneck speed. The state once attracted millions of residents from other states across the country, but now, the once-golden state is losing residents faster to other states. With high taxes and high housing costs, more residents consider moving, especially retirees and younger peeps who can telecommute.

Making matters worse, the single-party echo chambers of politicians accelerate implementation of radical policies that are most closely attuned to failed socialist states, not prosperous ones. The growing exodus, brain drain and evaporation of wealth coincides with the fastest growing sprawl of homeless tent encampments and garbage piles in recent history. Virus hysteria and authoritarian government-mandated lockdown have quickened the pace of California’s decline. As if things could not get worse, the city has seen the most dramatic explosion of violent crime since the economic stagnation of 1970s.

The sour icing on the California collapse cake is composed of increasing tax burdens at precisely the wrong time, further disincentive for the wealthy and middle class to remain. International wealth guru Andrew Henderson of Nomad Capitalist advises rich folks to not even consider visiting California any more because of the growing risk of massive unexpected tax events. The result for California is continued expansion of the struggling, poor and homeless, but with fewer wealthy and middle class willing to stick around to pay for the increasing burdens. Check out CNBC’s special, What’s Driving California’s Mass Exodus?

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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.