Which Is the Better Investment, Real Estate or the Stock Market? The Debate Continues

Some of the press has been quick to exaggerate current developments with respect to real estate in California. It’s easier to emphasize the negatives and depict a cooling of a very heated real estate market to more normal levels as a looming financial disaster rather than as a typical adjustment in the marketplace. Articles exaggerating such matters can certainly inappropriately undermine confidence in an otherwise healthy market.

Our firm of about 100 lawyers specializes in representation of clients involved in the real estate and construction industries. As close observers of the real estate market and the many events that impact it on short-term and long-term bases we appreciate very much The Times’ more balanced “Rethinking Real Estate” (March 25).

PHILLIP R. NICHOLSON

The writer is with Cox, Castle & Nicholson in Los Angeles.