After the WGA and then SAG-AFTRA went on strike, Los Angeles real estate agent Michelle Schwartz quickly felt the impact. “I was working with a producer who was relocating from England,” she explains. “It was a good all-cash $6 million purchase. Then the strike happened, and the deal was off. She says, ‘I’ve got to go back to the U.K. until this is over.’
“I’m seeing a lot of that, and it’s more than just the writers and actors,” continues Schwartz, managing partner of Sherman Oaks, Studio City and Calabasas for The Agency. “It’s everyone in production, with the exception of reality TV. We have a massive buyer pool that is not in the market right now.”
But attributing the decrease in that pool solely to the strikes is difficult, according to Douglas Elliman agent duo Heather T. Roy and Learka Bosnak, who note that the...
“I’m seeing a lot of that, and it’s more than just the writers and actors,” continues Schwartz, managing partner of Sherman Oaks, Studio City and Calabasas for The Agency. “It’s everyone in production, with the exception of reality TV. We have a massive buyer pool that is not in the market right now.”
But attributing the decrease in that pool solely to the strikes is difficult, according to Douglas Elliman agent duo Heather T. Roy and Learka Bosnak, who note that the...
- 9/28/2023
- by Brande Victorian
- The Hollywood Reporter - Movie News
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