I think and hope it will be better in a year. If your not looking to purchase another property with the funds from your inherited property than hold on till the market improves. If you are thinking of purchasing another property I think now is the time to do so as prices are low and interest rates are low which gives you more buying power. If the property is in Studio City than your lucky as that area hasn't been hit as hard and is very desirable.
If you decide to lease or sell, let me know as I'd be happy to assist you.
Thanks and best,
The Carrabba Group
Whether you receive an inflation adjusted $50k, or a $50k stake in the purchase price of a condo bought in 1992 seem like two different propositions to me. In one case you039;re talking about what $50k in 1992 is worth today. In the other, you're talking about a share of $400k. I depends on what the offer or agreement was.
Please feel free to contact me if you need any information on homes and prices.... more