Pandemic of Stagflation
REAL ESTATE NEWS (Los Angeles, CA) — It seems like the epidemic of viral mass hysteria vanished almost overnight. For more than a year, the pandemic article on the LA Loft Blog was high on the top ten list of popular posts, even though it barely mentioned real estate. Last week, it vanished off the Top 10 real estate topics list — gone! The same goes for the mainstream news. They’ve moved on. The germs apparently saw the polls, learned that nobody cares about them any more, so they must have retreated back into their spores where they came from. The headlines have changed. CNN and fox now hype new shocking topics: INFLATION! WAR! MORE INFLATION! MORE WAR! Gallon of gas headed toward $10! Average price for home headed over $1 million! As the Loft Blog warned, economic strife and war would represent the aftermath of global mass hysteria. Real estate today shows symptoms of economic stagnation, obscured by more acute pain from the virus of inflation, causing varying degrees of syncope or convulsions in different real estate markets, potentially leading to the death of the US Dollar.
The middle class gets squeezed by diminishing lifestyle and skyrocketing cost of living. Stock market jitters with volatility. For real estate prices, like most other industries, fed money printing has moved from punch bowl to life support. Of course, Dr. Money Printer Jerome Powell fails to disclose the side effects: economic stagnation and runaway inflation.
The effective treatments that lead to a real cure: stopping the free helicopter money; halting government interference of private enterprise; leaner government with low taxes — are not in the foreseeable future. Effective home remedies for this pandemic of stagflation include: moving to where the money is (free states of Florida, Texas, Bitcoin boomtown El Salvador etc); king of inflation hedges: gold and other precious metals; gems, collectibles, commodities stocks, other quality stocks, cryptocurrencies and other blockchain investments, and the queen of tangible inflation hedges — real estate.
Two years ago a novel attention-getter, the now outdated virus that dare not speak its name is today only a remnant to be used as a tool of politics, nothing else. The very bad flu bug has gotten the hook. But the show of sensationalism must go on: A shiny, new scourge of high-priced economic strife, along with the new deadly outbreak of war share center stage of the mainstream media. The once exciting market of real estate has been relegated to the homely place where we sit to watch the tube filled with tyrants and their pawns.
For the Corey Chambers real estate team, new construction homes, along with new technologies in digital real estate, are the exciting, glimmering hopes on the horizon if we are to remain in Los Angles far into the future. How can we help to make real estate exiting for you?
https://www.laloftblog.com/2022/03/12/pandemic-of-stagflation/