The “dark winter” appears to be coming to an end, as a new era of inflation and higher prices begins. For loft lovers, 2021 may be the time to take advantage of lower real estate prices in Downtown L.A. during what may well be the bottom of the market. Some special deals are coming available.
The Loft Blog has received word of some top floor units with high ceilings, concrete pillar columns, covered parking, free guest parking and 24-hour security. These unlisted units expected to come onto the market in the next month or so. They are not listed for sale on the leading real estate websites. Only the Loft Blog has access to this exclusive information.
Get a free list of pocket listings, off market properties and unlisted lofts in Los Angeles. Fill out the online form:
Top floor units with balconies and fireplaces may be coming up for sale in the coming months.
Consumers expect stagflation, according to University of Michigan, as “bullish exhaustion” might be setting in. U.S. consumer sentiment dropped to a 6-month low, falling well below analyst expectations. Personal income outlook fell as well, while inflation expectations soared, hitting a seven-year high. Consumers today expect an inflation rate of around 3.3%, indicating rapid growth in inflation fear. While business prospects are also expected to decline, prices are expected to soar, and consumers are predicting stagflation — persistent high inflation, high unemployment and stagnant demand, similar to what occurred in the 1970s. Caused by massive federal government handouts and federal reserve money printing, inflation can normally only be resolved through higher interest rates and recession. Without these needed corrections, the dollar would eventually end up like the Weimar Deutschmark or Zimbabwe dollar, making us billionaires or trillionaires, but with more inefficiency, and less real wealth than normal. Suburban home prices have already exhibited real signs of inflation, according to Barron’s.
The US economy is drowning in cheap debt, low growth and structural problems, delivering years of high unemployment. The U.S. looks to be in or heading towards stagflation. That will require substantial fiscal stimulus to keep the bottom half of the economy afloat. The political solution is to keep printing more money, and to delay the downswing, while the economic solution is to let the cycle play out. History suggests that the world will try to take the easy way out, and we shall lose control to runaway inflation.
TheStreet.com says there’s no use crying about stagflation. Profit from it! The Bureau of Labor Statistics just released a brutal jobs report, which showed a disappointing 49,000 jobs added in January, and a net negative revision of 159,000 jobs from the preliminary November and December reports. The Democrats are ramming through a stimulus package without a single Republican vote, with zero thought on how to pay for the trillions in stimulus, or the long-term effects of over-spending, while shrinking GDP.
We’re talking about one of the most feckless, fiscally irresponsible acts of destruction of the creditworthiness of the USA. That is not fully comprehended in a 10-year US Treasury note yield of 1.16%.
There is no use crying about it… buy some NFTs, and set your portfolio to profit from Stagflation.
Unlisted Homes in L.A.
What’s the biggest secret in LA real estate? Secret homes, of course. In some markets, upwards of 50% of the best deals are sold before they are ever listed. These pocket listings, and other off market properties, often dominated by a few top real estate agent teams, so powerful, that ordinary real estate agents complain, and even file lawsuits and try to get them outlawed.
Get a free list of off market houses in Los Angeles and your favorite neighborhoods. Fill out the online form:
