REAL ESTATE NEWS (Los Angeles, CA) — While real estate in the U.S. and other western countries crashes up today due to inflation, China’s real estate market was so extremely overbuilt that its prices are now tumbling dramatically. The communist regime does not release honest statistics, thus the books of western companies doing business in China provide the only accurate picture of China’s true economy. Recent new lockdowns also reveal the true story. The regime of nutcase dictatorship is seriously worried about recent bad economic results, thus uses today’s most convenient of scapegoats: covid hysteria. Today, China resembles a bizarre, frightening communist lockdown prison. Hellish! | VIDEO
The real estate market is still hot in many U.S. areas as families and investors all scramble to buy physical assets that can greatly hedge against runaway inflation, and protect against a falling dollar. In many other U.S. markets, a quiet crash or softening is already taking place, unreported in the news, and obscured by inflation. Indeed, a stagnating overall economy, Greater Depression of the 2020s, has been hidden behind a curtain of inflation for several years. One thing that can pierce the veil is a truly committed, rapid-acting Fed, which we don’t have while interest rates are still near historic lows, and government spending and money printing are still near historic highs. Concealed stagnation, government overspending and ballooning hyperinflation are still the name of the game for real estate and most other markets in the United States. Governments worldwide are failing to address the real issues, as they rely on fear and distraction, amid calls for optimism.
What is going to be the cure or the weapon that beats hyperinflation? The US Dollar is a goner for many reasons: The Fed is not keeping pace, and will not keep pace required to beat hyperinflation; the overused, abused US Dollar is losing its global dominance as the monetary standard; the dollar is being replaced by blockchain cryptocurrencies — and good money destroys bad. In addition to optimism, individuals, families and companies must own physical assets that perform well during inflation and stagnation, such as real estate, gold, farm land, blockchain cryptocurrencies, quality stocks, technology patents etc.
A worldwide economic depression began in April of 2020. China and the U.S. lead the way in the latest “cures”: denial, deception and cover-up. The key difference between U.S. thin veil of real estate health, and China’s undeniably poignant real estate crash: the unprecedented level of ponzi scheme activities in China real estate vs the more moderated, varied markets of America. The U.S. does have its own looming ponzi crash coming: the end of the global hegemony of the U.S. Dollar, amid emerging general demise of fiat currencies. Unlike communist China’s housing implosion, real estate in the U.S. today still provides an effective shield against these economic threats.
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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. 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.
