What Does the Falling Dollar Mean for Real Estate?

100 trillion dollars is not much money after you’ve printed too much of it.

REAL ESTATE NEWS

The Loft Blog recently reported on Warren Buffett’s dash into gold, which signals likely trouble for the U.S. Dollar. #inflation #realestate

Stagflation should now be on everybody’s mind as many prices skyrocket, including food, household goods and building supplies. Urban real estate such as Downtown Los Angeles bears the brunt of the economic downturn, while suburban residential real estate does ok, benefitting from the big city exodus, super low interest rates, radical fed money printing and a falling dollar. Despite talk of a sharp v recovery, the radical lockdowns of 2020 will take time for extensive economic damage to become apparent, and shall require years to unwind. Even suburban real estate will take a beating as the Greater Depression of 2020 turns into a multi-year crisis.

Sadly, more and more economists are agreeing that the U.S. Dollar is being vastly over-printed, and getting positioned to plummet. Nobody knows just how long it will take for the greenback to go full Zimbabwe, but it’s only a matter of time before America’s saving grace, the world’s only reserve currency, loses its might.

The U.S. economy is currently in a Great Depression type of funk due to virus hysteria and panic lockdown aggravating what would have been a regular 1-year recession. The federal government is overreacting by conjuring up way too much helicopter money, which directly cheapens the money supply. The good news for investors: equities like stocks, along with physical assets like gold and real estate, all generally perform well when currencies are taking a beating. Digital cryptocurrencies like Bitcoin also perform better when traditional, old-fashioned fiat money is devalued.

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Reinforced with fed money, suburban homes maintain value as big city chaos makes urbanites flee to safety.

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. 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.

Downtown Los Angeles Real Estate Market Update July 2020, Home Prices Dropping in California

Home values dive in DTLA as homeless tent encampments grow and many businesses flounder #dtla

REAL ESTATE NEWS

In July of 2020, the median sold price was $565,000. Compare that to July 2019 median sold price of $588,000. The price dropped by $23,000. This year, sellers were in more of a rush to sell. Downtown L.A. area urban lofts and condos sold in 57 days in July of 2019, but sold in just 9 days as sellers were in more of a rush to unload properties this July (median DOM days on market, MLS areas 23, 42 and 1375). #home #prices

CIVIL UNREST IN THE CITY

KTLA Channel 5 television news shows demonstrations continuing in Downtown L.A., with many renters saying they are behind in rents, and demanding cancellation of rents due. Commercial investors report significant losses caused by shrinking retail, but most residential landlords say that their tenants are still paying rent largely on time in.

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Large industrial style lofts for lease in Downtown Los Angeles with concrete column pillars

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. 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. #realestate #market