Category: Real Estate News

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Stagflation and Real Estate Prices Update

REAL ESTATE NEWS

LOS ANGELES, CA — We are witnessing the Greater Depression of the 2020s, but this time, it’s different. We can’t see it. It’s cloaked in a heavy veil of virus hysteria and historically radical fed policy, otherwise known as massive money printing. The stock market has already crashed, but, that too is disguised by the Fed’s frantic focus on punchbowl policies.

Basic awareness of stagflation has hit an all-time high. While the 2008 financial crisis generated the most curiosity about possibilities of inflation and stagnation, today’s economy is a demonstration of the real-world effects of actual stagflation.

The beginning of runaway inflation appears as disrupted markets, supply chain delays, and product shortages. Industrial output is down. For real estate, home prices shoot up above the norm. For Downtown Los Angeles in particular, the three year funk has ended. Downtown L.A. home prices shot up dramatically in the last two months after falling for an extended time. The jump has primarily affected the properties in the upper echelon of price, quality and neighborhood safety. Lofts near to Skid Row, such as Little Tokyo lofts, are just a bit behind in enjoying a new recovery, an artificial recovery lifted by inflation, yet stunted by stagnation.

THE OPPORTUNITIES

The good news is that most assets, including real estate, are safe havens against inflation because a weak dollar drives up home prices. Other assets gain as well: gold, commodities, stocks; farm land, art, collectibles etc. It has proven even more true for the reigning royalty of ROI, blockchain cryptocurrency technologies. Bitcoin and ethereum have produced far more gains than any other asset, as they create new efficiencies, gain trust and benefit richly from dollar collapse.

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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, DRE 01889449; MPR Funding Inc NMLS 2000513. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

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Downtown Los Angeles New Years Eve Parties 2022

Prohibition NYE at Union Station – 800 N Alameda St

UPDATE: This post is for 2021 / 2022. For the new 2022 / 2023 event, CLICK HERE.

 REAL ESTATE NEWS (Downtown Los Angeles) — McCullough and Ross, in partnership with KCRW proudly present the ninth annual Prohibition NYE, bringing the long anticipated New Year’s Eve event back to Los Angeles’ Union Station to ring in 2022. Tickets go on sale at 9 a.m., December 3.  [Various new year party events and tickets are listed below.]

NYE 2021 / 2022 PARTY EVENTS in Downtown LA / Tickets:

Bar Crawl in DTLA – 830 S Broadway
Compound NYE at Resident – 428 S Hewitt St
Dita Von Teese at The Orpheum Theatre – 842 S Broadway
Gatsby’s Penthouse at Capture – 59th Flr, US Bank, 633 West Fifth St
Masterbeat Under the Bigtop at the Mayan Theatre- 1038 S Hill St
MEDUZA at Exchange LA – 618 South Spring St
Minimal Effort at The Belasco – 1050 S Hill St
NARCOS Edition at The Conga Room – 800 W Olympic Bl
Nick Waterhouse at the Moroccan Lounge – 901 E 1st St
Prohibition at Union Station – 800 N Alameda St
The World is Yours at Hotel Figueroa – 939 S Figueroa St
The Z Experience at Mateo – 930 Mateo St

Luxe Roaring 20s Comes to Union Station: Prohibition NYE is returning to Downtown L.A. to ring in the new year at Union Station in Los Angeles. Tickets are on sale now! Celebrate 2022 at the 9th Annual Prohibition NYE Returning for the first time since 2019, Prohibition NYE invites guests to ring in the new year at the iconic Union Station in Downtown Los Angeles

The Roaring Twenties inspired event invites guests to celebrate the new year with a full spectrum of entertainment including a headlining DJ Set by GRAMMY® nominated, ARIA award-winning artist Cut/Copy, a live jazz ensemble, performances from acclaimed burlesque troupe Concrete Entertainment, a premium open bar for all guests, and more. As the clock strikes midnight at one of LA’s most prized landmarks, attendees will mark the new year with the event’s signature 60-foot ball drop from the glamorous Art Deco ceilings of Union Station.

“After enduring the many effects of COVID-19 over the past year, we’re so excited to be back in LA to safely celebrate in style alongside our friends and loyal event goers,” said event producer John McCullough. “We’re hoping Prohibition NYE brings a sense of normalcy back to our guests’ lives and encourages the optimism of the holiday as we toast to a great year ahead.” 

The event will run from 9 p.m. Dec. 31, until 2 a.m. Jan. 1. Tickets will be available on Eventbrite starting at 9 a.m., December 3.  General Admission tickets for the premium event will be offered at $195. A limited number of VIP packages, featuring a private entrance, table service, and an exclusive stage-side, elevated viewing experience will be available for $2,500.

The event is open to guests 21 and over. Formal dress code is highly encouraged.  The Prohibition NYE team is committed to guests’ health and safety and will be adhering to the LA city Vaccination Verification Ordinance (effective Nov. 8, 2021) in compliance with the LA city Health Officer Order as well as State Guidance for Mega Events. For more event information, please visit: https://found.ee/prohibitionnye For ticket information please visit: https://found.ee/prohibitionnye_tickets To view Prohibition NYE recap highlights: https://www.youtube.com/watch?v=vQ9QhH3hoxM Union Station is located at 800 N. Alameda Street, Los Angeles, California 90012. Instagram: @ProhibitionNYE Facebook: www.facebook.com/ProhibitionNewYearsEve

Nearby Homes For Sale: Elysian Peak, Elysian Park, Echo Park and Figueroa Terrace

NEW CONSTRUCTION HOMES WITH VIEWS OF UNION STATION AND DOWNTOWN L.A.

LOFTS FOR LEASE:

FOR LEASE 1850 Industrial St #514, Los Angeles, CA 90021 BiscuitLoftLA.com 213-880-9910

About Prohibition NYE:
Prohibition NYE delivers a transformative experience showcasing the excitement of the Roaring Twenties. Founded by McCullough & Ross, Prohibition NYE has been hosted at Union Station since 2012.

About KCRW:
KCRW curates a unique mix of content centered around music discovery, cultural exploration and public affairs. The station embodies the spirit of LA and delivers its culture in innovative ways – on the radio, digitally, and through live events – to diverse, curious communities around the corner and around the world. | COMMENT

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Prohibition NYE 2022 Union Station Downtown LA

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, DRE 01889449; MPR Funding Inc NMLS 2000513. We are not associated with the event, promoter or venue. For downtown real estate information, contact 213-880-9910 or visit LALoftBlog.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. | COMMENT