Economy – Page 4 – LA Loft Blog

August 2, 2022May 17, 2023

Communist China Real Estate Crash Leads to Total Economic Collapse

Real Estate News (Los Angeles, CA) — While Los Angeles and U.S. real estate has not felt much effects of the economic collapse in China, the ripple effects in the global economy are coming — from investment capital to supply chain collapse. Due to the nature of a world economy, as China goes, so goes the world.

There is a lack of follow-through on building projects, forcing many mainland China homeowners unable to get by living in unfinished apartments. See the video story here.

Citizens have lost confidence in the banks in China, and the government is helping to cover up the scandal. See the whole story here.

Six billion dollars in regular people’s savings were lost in a banking scandal. See the tragic consequences here.

Bank of Sichuan staff in China posts in public forum: ‘It feels like the end of world.’
ICBC the worlds largest bank suffers crippling cash shortage leading to a run on the bank brances across China. – Money is gone!

Intenet reporting continues to show consistent economic collapse in the wake of covid lock downs, along with economic failures in housing and commercial markets. By some accounts, China has already collapsed .

What do you expect the effects of the economic collapse to be in your life? #comment.

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#icbccollapse #chineseeconomynews

World economy braces for the coming pains

Copyright © This free information is provided courtesy of L.A. Loft Blog with the information provided by Corey Chambers, Realty Source Inc, DRE 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 LALoftBlog.com, Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. EAC22080202KT Properties are subject to prior sale or rental. This is not a solicitation if the buyer or seller is already under contract with another broker.

May 23, 2022May 23, 2022

Stagflation Effects on Housing Demand

ASK COREY

Q: Corey, what is the effect of stagflation on housing demand?

A: Thank you for your question. Demand is connected to supply and price. Stagflation is a combination of economic stagnation and price inflation, both of which place downward pressure on demand. Housing demand therefore is very strongly affected negatively by stagflation. Stagflation destroys demand for housing. The results is that prices go up while the number of buyers goes down. Home values and rents increase while fewer people can afford them. More money circulates, which fools some people into believing that they have the same or more money, while their purchasing power actually decreases. For real estate, this means fewer transactions, larger dollar amount, yet less real compensation for real estate professionals and investors, and less real investment in the real estate sector. The silver lining in this cloud benefits real estate companies and investors who already have more assets, those who best implement newer technologies and those who are in a position to take advantage of other major changes in the economy, including those with highly trained, efficient teamwork and workflow systems. As the worst overall economic situation, stagflation fools the general public by flooding the system with more money, yet providing even less purchasing power. Stagflation tends to initially benefit the government and the wealthy while taking away from the middle class.

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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, DRE 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.

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