The Financial Capital of the World
October 10, 2008 by Christe Roknich
That title used to belong to New York City. But now it appears as though all eyes are on Washington, D.C.
Officials, elected and otherwise, of our Federal Reserve Bank, and of our Federal Government, are convening daily to devise strategies to bail out our ailing financial institutions.
It’s amazing to see the list of companies in trouble or shut down. Lehman Brothers, Merrill Lynch, AIG, Countrywide, and Washington Mutual are among the largest and best known companies that have ceased to exist in their previous form, thanks to the crushing effect of bank foreclosures nationwide, and to the high-risk financial shenanigans played by these “titans” of Wall Street.
How does all this affect your home? Your neighborhood has likely experienced a short sale or two recently. And no, No community is an island – prices have fallen everywhere from the peak of the market. And foreclosures are a large and growing factor everywhere across the country.
It’s a buyer’s market, for sure. But if you need to sell your home, or another property, call us at (949) 240-5892, or contact us via email. We’ve been through market cycles like this one before. We know how to maximize your equity through proven strategies designed for today’s challenging real estate market.
“Love where you live…live where you love!
It all begins at home!”
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