Stagflation refers to an economy that is experiencing a simultaneous increase in inflation and stagnation of economic output. Stagflation was first recognized during the 1970’s, where many developed economies experienced rapid inflation and high unemployment as a result of an oil shock. Today, the country is in a situation in which the inflation rate is high, the economic growth rate slows, and unemployment remains steadily high. It presents an economic dilemma for fed policy, since actions intended to lower inflation may exacerbate unemployment. #stagflation #realestate #prices | Blog Video
Recently much of the growing U.S. inflation is hidden in forms of Quantitative Easing; Repo Market Repurchases; stock market bubble, food, household goods, fuel, energy, building materials, housing price increases and higher taxes. These hiding places of inflation allow real inflation to hover around 10% while the official inflation numbers are presented as only around 2%. Shortages are another sign of cloaked inflation pressure. Stagflation looms, as economic stagnation and inflation risks continue to mount, with a growing possibility of nightmare scenarios.
Just as the Greater Depression of 2020 is pushing, forcing and separating the middle class into categories of richer and poorer, today’s panic-fueled dynamo of rapid change leads to differentiation and bifurcation of real estate markets as neighborhoods get pressed and separated into winners and losers. The chief winners are currently the suburban neighborhoods that have been labeled as “safer,” while the losers are inner city areas and neighborhoods with reputations for higher crime. Big cities bear the brunt of the crazy virus hysteria . Downtown Los Angeles and other big cities see falling home values and dwindling real estate markets while suburban towns like Cypress, California enjoy growing home equity and population growth.
Downtown L.A. has suffered among the worst over the last two years, with a median sold home price drop in September of $33,000. This is on top of a drop of $35,000 the previous year, for a two year decline of $68,000 in the median Downtown LA home price. The decline in home values is also attributed to an explosion of 3rd-world style homeless tent encampments, litter and crime in DTLA and many other Los Angeles neighborhoods.
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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 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 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.