I can tell you it absolutely is LA_Renter. Until I found this site last spring I had a really hard time justifying to my girlfriend why we should stay here rather than move to Texas with her parents (who by absolute sheer luck sold at the peak of the bubble in irvine).
She still buys what the mass media reports over what I’m telling her, but she is at least willing to ride out the coming storm. She say’s I’m the only person she knows that thinks house prices are going to plummet.