Downtown lofts are not ‘immune’ from declines in value, and are likely to be hit worse than most. Downtown LA still has very little to offer, and the lofts are overbuilt. Go down there at night and you’ll see that few of the lights are on in these buildings. Friend of my wife worked in a sales office for one of these recently, and said there were virtually no interested buyers.
Will downtown ‘revitalize’ in 20 yrs? Maybe, but I’ll bet it will remain mostly low-income
