March 2, 2008
Give Your Company an Economic Health Checkup
Real estate investors, developers and service companies need to prepare for a tougher business environment due to problems with subprime residential mortgages, according to Stan Ross, chair of the University of Southern California Lusk Center for Real Estate in Los Angeles.
No one knows what will happen to the economy, the credit markets, or oil prices in 2008, "but real estate companies shouldn't wait to see if a storm will hit, or how intense it will be," he said. "They need to start their contingency planning today."