Head-Spinning Week Prompts Costa Mesa Investor Reexamination
As you’d expect, the Wall Street Journal had a hard time keeping up with the head-spinning reverses and double-reverses in its namesake roadway’s fortunes. Costa Mesa investors with holdings in the sometimes-plummeting, sometimes-soaring equities weren’t alone in being unsettled by the whip-sawing proceedings. In truth, just about everyone with an IRA or other retirement stake had reason to do some serious brow-furrowing.
Costa Mesa real estate investors would have been somewhat relieved to read WSJ columnist Esther Fung’s mid-week commentary, “Investors Flock to Self-Storage, Rental Housing as Safety Plays”—if only as a counterpoint to Wall Street’s record-shattering volatility. The focus was, naturally, more equities—in this case, the REITs (Real Estate Investment Trusts)—but the underlying facts were reassuring for Costa Mesa landlords.
The author’s research confirmed that during “times of uncertainty,” landlords are well-positioned to buck the downdrafts. “Residential property landlords say that rental housing…tends to hold steady during recessions,” was the gist for Costa Mesa investors. The reason for lower resident turnover rates was the tendency of people to shelter in place during “periods of uncertainty.” At week’s end, the declaration of a National Emergency surely qualified this period as one of those.
If you are one of many Costa Mesa investors who is currently reviewing your own holdings, this might be an opportune time to take a look at how one of the Costa Mesa residential properties now on the market might be a good fit. Call me if you’d like to discuss what’s currently available!
We are built on a philosophy of Heritage & Hustle. The L3 is a full service real estate agency with a regional office located in the heart of #CostaMesa, offering a wide-array of custom services to meet their clients’ needs with roots in the community since 1976. It’s L3 mission is to provide trusted, convenient, responsive service to ensure clients enjoy their real estate experience. The L3 was originally formed to offer personal, concierge-level service as an alternative to the large, nationally based real estate companies. From its small beginnings of only two employees, The L3 has grown to a full staff of 25 serving over 300 clients a year. The L3 is not limited to serving just its clients; it is also committed to serving the community. Not only has The L3 donated hundreds of hours to many area charities, they have also received the prestige of being named one of the #toprealestatecompaniesinCostaMesa If you’re interested in #buyingorsellinginOrangeCounty, turn to the experts. Turn to The L3 and let them help you make your real estate buying or selling dreams come true. For more information or to get started on finding or selling your home contact The L3 today at 714-444-4663 or email us at info@thel3.com
