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Gloomy Market: Where's the Silver Lining?

Reading through today's LA Times piece on the latest market news (rising inventories, tightening loan standards), all seemed bleak till this line: "But while many see a troubled housing market, some see opportunity. Thomas Kunz, president of national real estate brokerage Century 21, said now was a good time to be active in the real estate market. For buyers, he said, there's a chance to negotiate a bargain price. For sellers, setting a price that is below market will generate a sale." Tell us more, Kunz! Like, can we even get a loan these days? Related: Something we've been thinking about is this--what kind of companies are really going to benefit from a downturn in Los Angeles? And how do we get on that money train?
· Home sales take sharp tumble [LA Times]