REAL ESTATE NEWS (Los Angeles, CA) — Fire, the wheel, the steam engine, electricity, the Internet, and now blockchain. These technological breakthroughs have created the most abundance, wealth and advancement for society. While stable, practical, vital real estate cannot be replaced by a digital asset, a house cannot deliver a five million percent monetary gain in just over 10 years. That’s why the Loft Blog has been reporting on the novel combination of crypto and real estate as fantastic hedge that has created vast riches and stability than any other pairing in history.
The Loft Blog is receiving many reports that prospective home buyers and investors are holding off until home prices drop. The problem with that strategy is that inflation is placing upward pressure on prices; high rent prices place upward pressure on home selling price; and few sellers currently feel pressure to sell at a lower price, especially while the employment rate is fairly high. A growing number of economists believe that the fed will be forced to ease again before home prices have a chance to drop substantially nationwide. Like most other long-term markets, the real estate market is currently noted for two things, inflation and stagnation. The result of the stagnation is that more people will ultimately be seeking wealth in other industries, particularly in the blockchain technology sector.
Crypto millionaires are already ubiquitous worldwide, while crypto billionaires become a staple on Youtube. Forbes has documented 19 people who made their first billion from crypto. YouTuber Carl Runefelt and many of his buddies made their millions from Bitcoin and other blockchain cryptocurrencies. Carl says it’s all about energy and mindset, and that he had to ignore negative naysayers, including his parents.
According to Max Keiser and Roberty Kiyosaki, the more that critics and politicians try to attack Bitcoin, the more its value goes up.
Did you know that the Loft Blog has also been partially funded by Bitcoin, in addition to traditional real estate practice? What’s your experience with crypto? | COMMENT
Get a free list of the top ten best investments during stagflation. Fill out the online form:
LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]
SEARCH LOFTS FOR SALE Affordable | Popular | Luxury
Browse by Building | Neighborhood | Size | Bedrooms | Pets | Parking
Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Broker CalDRE 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. | COMMENT