REAL ESTATE NEWS
As the L.A. Loft Blog predicted, the economy is getting worse. The numbers 2021, in and of themselves, hold no magic. The economy shall continue to get worse until it either bottoms out, or until free enterprise is given free rein to do its own proven-wondrous thing. The herd is being shepherded in a manner that ignores thousands of independent-minded doctors and health care professionals, thus harming health, wealth and happiness. Politicians, fake news and unlawful social media have been given undue influence, and they are taking advantage of it like despots. Because of unprecedented censorship and propaganda, many Americans (especially big city dwellers) are unaware of the large number of doctors worldwide who have come out against lockdown, face masks and other harmful overreactions. Americans are losing confidence in the economy because of continued hysteria and government-created economic barriers. Average consumers are getting poorer. Most are unable to understand the powerful long-term impact of the greatest blow to America’s economy in recent history. | Blog Video
While failing traditional news fails to do basic journalism, it’s difficult for the average person to understand what is going on. The lunatics are trying to convince the working class that work is not essential. As the Loft Blog exhorted more than six months ago: ALL JOBS ARE ESSENTIAL. We’re now experiencing what comes when a basic law of economics is neglected; we’re seeing new kinds of economic distress emerge. U.S. spending has dropped for the first time in 7 months, according to the Wall Street Journal. Economy journalists call 2020 the “craziest, creepiest year for financial markets” that they’ve seen in half a century. Money is rapidly changing hands from middle class to the rich. Loft Blog readers understand that they shall fall behind unless they are in a position to take advantage of the change.
Markets take time to unwind before they may become healthy. Before real recovery can start, capitulation is also required. Instead of honest acceptance of shortcomings, we’re seeing an escalation in censorship, propaganda and dereliction. We’ve seen nothing that resembles full unwinding. We’ve seen no capitulation in the stock market or in suburban real estate markets. We can have no rapid v-shaped recovery because we haven’t seen any of these requirements met yet. Downtown real estate values continue to drop. Sadly, 2021 will be pretty much just as crazy, and perhaps even more creepy.
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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.
