Each day brings more negative news about real estate, especially in the Southern California Residential Market.
For the first time that I am aware of, Wall Street and the Residential Real Estate market are encountering difficulties simultaneously. (I won’t belabor the reasons why, but if someone enjoys discussing global economics, please contact me).
This downturn has also occurred much more rapidly than previous declines. The end result is a lot of fear and panic in the market.
Being a pro-real estate person, I still feel better owning real property than a stock certificate because I can do lots of things to get through the current problems as well as improve my position.
Examples:
1) Change usage.
2) Improve/upgrade.
3) Increase rents as a result of #1 or #2.
4) Restructure existing financing.
5) Exchange/Sell or Buy Different Property.
If you are selling at a lower price, you are also buying at a lower price, so in theory the market didn’t impact you, only if you are selling for cash and getting out of real estate.
Hi, I'm Jeannie. For over 25 years I've helped investors make money in markets both good and bad. 
