BUSINESS

Uncertainty bad for sales

Offer's real estate clientele aren't the sort of people who are living from hand to mouth. An estimated 75% of them work in the entertainment field and have bought or sold properties from him in the $3-million-to-$4-million price range.

Still, the Brentwood real estate agent said he was seeing some Hollywood buyers "proceeding with caution." "People are concerned about job security and income," Offer said. "People tend to hunker down in a time of uncertainty."

He said a strike would hurt his business, even though he's upscale. "If we took all of the entertainment industry buyers out of the equation, there would be a dramatically diminished pool for the homes I represent," he said.

--

Claudia Eller

Copyright © 2015, Los Angeles Times
  • Trouble in Tinseltown

    Trouble in Tinseltown

    Carlos Chavez / Los Angeles Times Trouble in Tinseltown A long walkout by TV and film writers would inflict considerable pain on the local economy, well beyond Hollywood studios' gates. Scores of local businesses that rely on the entertainment business could be hurt. And tens of thousands of technical...

  • Obamacare rates to rise 4% in California for 2016

    Obamacare rates to rise 4% in California for 2016

    California's Obamacare exchange negotiated a 4% average rate increase for the second year in a row, defying dire predictions about health insurance sticker shock across the country.

Loading
69°