Elan's 340 Blog

Affordable Agents In Southern California, we have seen the price of housing surge more and more each and every day. As of February 2022, the median price of a house in Los Angeles was $945,000 (DePietro). This number is top 7 in the whole country (Burrows). Furthermore, around 14% of employed individuals in Los Angeles make less than $30,000 a year (ZipRecruiter). This makes it almost impossible for families to purchase a home that's within their budget. With that being said, there need to be more ways to make housing more affordable in Los Angeles. This isn’t an easy task, however, this is where Affordable Agents comes in. Affordable Agents’ mission is to allow individuals to purchase their ideal home at a lower cost and save money when they sell their home.  Affordable Agents is an organization that seeks to make housing more affordable for low-income households in the Los Angeles area by providing them with real estate agents that work on a 1.1% commission. Normally, you see rea...

After reading the quote by Novogratz and thinking about what my first step in making the world a better place might be, I immediately thought about the volunteer work I have done for the organization Habitat for Humanity. Habitat for Humanity is a nonprofit organization that builds affordable housing for underprivileged households in the greater Los Angeles area. I did volunteer work for the organization throughout high school by helping construct houses. I was drawn to Habitat for Humanity as I plan to purchase and develop real estate when I am older and this organization does exactly this in a charitable way.  However, since going to college, I haven’t worked with the organization at all. But after reading this quote and being assigned this project, it has once again sparked my interest in volunteering for the organization. That’s why my first step in making the world a better place would be to volunteer for Habitat for Humanity. This would start by giving my “sweat equity” to th...

The Current State of the Watch Market Why luxury watches have surged in price over the last 2 years Since I was a kid, I always had an interest in watches. I would actively follow the watch market to see if watches were going up or down. As I have saved up money and bought a couple of watches myself, I now look at the watch market for potential deals that I could capitalize on. I’ve always seen watches not only as an item that I could wear out, but also as an investment. Luxury watches usually retail for a certain price, but in many cases, they sell for more than the retail price in the secondary market. However, in the past couple of years, the watch market has gone off the rails. Most luxury watches have seen an increase in price anywhere from 30-50% with some watches doubling and some even tripling. This is very uncharacteristic of the market and can be attributed to one underlying cause: the pandemic. The pandemic led to two things that were the catalyst of this boom: low supply an...