(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.

Hey Mason,Buenos Aires is a beautiful city indeed but the best advice I can give you is to be careful about being sold a dream and risk the money of people you don't know to realize it (by the way there are legal constraints in doing that).Argentina used to be the third richest country in the world and the politicians wrecked everything to the point it's almost as bad as Venezuela.

I'm originally from Venezuela but as of the last 15 years my home town has been Indy; I am currently transitioning jobs, and will be a full time broker within two weeks.

I read today that Venezuela is in a deep recession right now.

Or, if you keep it as cash, and you don't invest in real estate and inflation hits like in Venezuela, cash gets used up pretty quickly.