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  • Do I Really Need a 20 Percent Down Payment to Buy a Home?

    Rick Cunningham, Cunningham Real Estate|Updated Feb 7, 2021

    Is the idea of saving for a down payment holding you back from buying a home right now? You may be eager to take advantage of today's low mortgage rates, but the thought of needing a large down payment might make you want to pump the brakes. Today, there's still a common myth that you have to come up with 20% of the total sale price for your down payment. This means people who could buy a home may be putting their plans on hold because they don't have that much saved yet. The...

  • Why Pay Rent? Federal, State and Local Moratoriums Protect Tenants from Eviction for Non Payment of Rent

    David Ganezer, Observer Staff Writer|Updated Jan 28, 2021

    The City of Santa Monica has extended its emergency order preventing residential and commercial tenants from being evicted for nonpayment of rent, to March 31, 2021. Which begs the question, why pay rent? Eviction defense lawyers we spoke to, said they recommend remaining on good terms with your landlord. He's still expected to pay property taxes, after all. The State of California does have a record of helping landlords collect rents, through strict laws and summary unlawful...

  • Jet Set Rent Hotel Rooms in Santa Monica That Used to be Rent Controlled Apartments. Waiting Out Covid-19 in Style

    Sarah Storkin, Observer Staff Writer|Updated Jan 28, 2021

    What do you do if you're say, Saudi Royal Family and you get stuck in LA's Covid Lockdowns? You check into the Oceana Hotel is on Ocean Avenue just south of Montana Ave, and stay for a couple months. A repurposed apartment building, Oceana Hotel has rooms that start at $1000 a night, and go up to a modest $4000 a night. It is about half occupied longer term, with the very wealthy. Many of them unable to travel due to Coronavirus. And now it is under new management. "LXR...