Ask anyone fleeing Cambodia, Viet Nam, Zimbabwe, Venezuela, Argentina, and on and on if inflation or politics plays into owning gold. 

Argentina and Venezuela are the two countries where the odds that you property could be confiscated by the government are significantly above 0.As mentioned by @Matt Vaughn, the peso regularly plummets against the US dollar.

Of course, there are exceptions like Venezuela.

The majority of the money I see coming in is from Central and South America (just read the news coming from Venezuela today).

(Personally, I don't know how CA, and especially Southern CA has done as well as it has for as long as it has, but I'll be the first to say I don't have the mentality of a 'normal' homebuyer.)On the MF side, there are huge incentives for outside money right now (Venezuela's inflation was between 700-1000% last year, and the folks/companies who made their money during the oil boom there need to get their money out of that as fast as possible) so they're happy to be able to park a couple million dollars in US Real Estate, even if it means losing a little bit of money (or making very little.)  

Even Venezuela before the socialists destroyed it.  

Mostly from Venezuela, Mexico and Cuba.So I am not sure how this growth in Real Estate is sustainable?

IF we have a nationwide economic collapse, there will be a lot more to worry about, like food rations and Venezuela-like runaway inflation.  

Now some country’s like Venezuela which have hyper inflation right now, they are starting to use crypto as it is more stable.

The hyperinflation experienced in Germany, Zimbabwe, and Venezuela may not likely happen in the US, even some pundits say we are flirting with it, is what occurs when a government prints money, trillions of dollars.