REAL ESTATE NEWS | Blog Video
Billion Dollar Man Dan Peña says it best: “The world is burning to the mother fυcking ground,” and he adds that he’s primarily concerned that not enough people are taking advantage of it. Another way of putting it is that we must pivot quickly to avoid the massive down sides of economic depression. We must take aggressive action to benefit from the extreme change in the economy as money changes hands like never before. It’s now about eating or being eaten.
A lot of problems are brewing, according to Marathon Asset Management Chairman/CEO Bruce Richards. He says that $400 billion in defaults are expected.
The panic and hysteria have dragged down the economy. Bankruptcy is spreading from retailers, restaurants, energy sector, travel, tourism and hospitality to doctors and dentists among others. Rental car companies and most internal combustion car makers find themselves caught up a creek with no paddle. Business people and consumers must get creative, and do it yesterday. Bloomberg has reported that 2020 may end up as the worst year for corporate defaults in history. The most radical monetary policy in history is pushed by an untrustworthy Fed, which is now signaling declining faith in their own abused child, the U.S. Dollar. The Fed is now a believer in Bitcoin and other blockchain cryptocurrencies, which could soon replace the once-almighty greenback. This after the Fed has been encouraging massive issuance of business debt in the form of government loans and corporate bonds. The liberal flow of government helicopter money (government hand-outs) is hardly slowing the blood loss to businesses, which expect 50% more corporate bankruptcies than normal. Most 2020 economic numbers compare to 2008/2009, with several metrics already worse than the Great Depression of 1929-1933.
EAT OR GET EATEN
Today’s artificially inflated stock market is extremely disconnected from the flailing greater economy with economic pressures of biblical proportions. The skyrocketing price of gold indicates that equities, such as stocks are in for trouble. In fact, top billionaire investor Warren Buffett has just signaled his expectation of a coming stock market down trend amid looming bank failures by moving substantial money from banks to gold. This momentous new action demonstrates a sea change coming for many investors, as money maven Buffett shifts his once-optimistic strategies to more closely match the pessimistic patterns of perma-bears like Peter Schiff.
Shorting stocks is usually among the riskiest of investments, but today’s inflated stock market makes it worth considering. Wolfpack Research Founder Dan David encourages investors to take advantage of the extremely inflated stock market by shorting financial untrustworthy company stocks like Iqiyi and Inspire Medical Systems (INSP). With nearly 40 years of stock analysis experience, the L.A. Loft Blog investment team has also identified INSP as one the most ideal short opportunities based on stock pattern appearance of artificiality, along with emerging drop pattern. David has placed blame for today’s dangerously inflated stock market on young Robin Hood investors and social media celebrity shock jocks like David Portnoy, who has since decided wisely to move day trading profits into Bitcoin.
The real estate markets in major cities was already cooling before the virus panic and market crash occurred in February 2020. The Loft Blog reported that Downtown Los Angeles area neighborhoods saw home prices fall by $23,000. This downward trend in urban real estate is expected to continue through 2021 and beyond. Take advantage of falling home prices by selling early, not waiting for the bottom to sell. Prospective buyers and real estate investors must change their thinking, and change their behavior by placing more offers and by submitting lower offers to get a super deal.
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Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE 01889449 We are not associated with the homeowner’s association or developer. This is not to be construed as financial advice. Readers must perform their own research and due diligence. Consult a certified financial advisor before making any investment decision. For more information, contact 213-880-9910 or visit LAcondoInfo.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.