Ok here we are at the end of a very stormy year.  The financial world is not so good but I must say that the real estate world here in the Beach Cities is still doing fine.  Of course, values have softened but nothing like inland areas.  Our foreclosures are slim, although there are some out there.  Short sales are out there too but non of these are a dime a dozen.
I look at it like real estate is “on sale” right now some at 10% or 20% off.  That’s a nice discount!
As they say….buy low,  sell high and now is your chance to do it.
Dan and I have stayed consistent with our sales this year as in years past.  Currently, as of November 2008 we have 4 properties in escrow which is normal for us.
We are still growing and are moving to a new, larger location in Hermosa Beach.
As of December 1, 2008 we will be located at 3201 Manhattan Ave, Hermosa Beach 90254.

So your money is not doing well in the stock market but it can buy a better product in the real estate market with growth around the corner.  Real estate is tangible and can create a nice future retirement.  I bought some units in 1993, when the market was in the tank and that is what will be my nice retirement income.  People have to live somewhere so rents here in the Beach Cities stay strong.
Think about it….Its delicious food for thought!

Lorie O’Connor