Tag: stagflation

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Los Angeles Real Estate Market Report: Downtown Rent Prices Reveal Stagflation

REAL ESTATE NEWS (Los Angeles, CA) — How’s the real estate market doing? Are prices up or down? Let’s take a look at how leased property statistics of April of 2021 compare to the same month in 2022. The difference is striking, according to real estate professional multiple listing service statistics for Downtown L.A. and nearby loft neighborhoods MLS areas 23, 42 and 1375. Rent prices are up significantly, while the number of transactions is down notably.

April 2021: 109 units leased, Days On Market Avg/Med 67/52, Price Med/Avg $2,694 / $2,904 Total volume $316,565

April 2022: 69 units leased, Days On Market Avg/Med 47/18, Price Med/Avg $2,800 / $2,994 Total volume $206,592

Stagflation is the name of the game in Downtown LA real estate when it comes to properties for lease. The last 30 days saw dramatic increases in price inflation for rental properties, as compared to the same period last year. Inventory has shrunk also.

These figures may reveal the impotence and backfiring of socialist-style mandates and tyrannical policies such as rent stabilization, virus hysteria and lockdown. The market responded to both with very substantial stagnation in the form of a slow down in transactions, yet with serious inflation realized as a sharp increase in costs to renters in the DTLA area. Clearly, there’s nothing stabilizing about government over-reaction and overreach. Along with gold, commodities, quality stocks and blockchain cryptocurrencies, home ownership continues to be among the best protections against stagflation.

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LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

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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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Tyranny, War and Real Estate

REAL ESTATE NEWS (Los Angeles, CA) — The best deal in real estate today is in Ukraine. Americans have the right to buy and own property there. After about three million Ukrainians have left the country, real estate prices have taken a dive. $107,050 will get you a 1,162 Sq Ft nice, modern condo style home with a view in the big city of Kiev. Best of all, the building is currently still intact!

China is also offering deals, except that Americans cannot buy property in China unless they live in China for more than a year. And many Americans report that they are not being treated very well in China these days. For example, Americans must report to the police every time move or if they stay overnight in a different town. Hotels are also required to report Americans to the police. Many don’t want to bother, so they just say no to American visitors. 28 millions residents are currently imprisoned in Shanghai as the communist party uses a bogus zero-covid policy to lock down the region, in order to punish the pro-western, pro-capitalist city.

Communist china imprisons and starves 28 million, while the U.S. institutes Ministry of Disinformation, threatening all critics, whistleblowers and political opponents with secret prison for those who criticize Joe Biden’s regime. Clearly the communists are winning the race to horrifying totalitarian dystopia, but the democrat political party is not far behind. They’re both wreaking havoc on the economy with China leading the way to the worst real estate crash in the history of the world, and Biden leading the way back to Jimmy Carter style runaway inflation, shortages and war mongering pushing ailing, cornered Putin towards world war 3. The good news for homeowners is that real estate provides one of the best hedges against inflation and economic stagnation.

Find out how much the home down the street sold for. Get a free list of recently sold homes, along with a list of homes currently listed for sale. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

  Lofts For Sale     Map Homes For Sale Los Angeles

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, 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.