sdnerd wrote:
It’s all connected, but as it works it’s way in the price declines will probably decrease.

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No, that’s not how it worked in the 90s. Don’t delude yourself that the higher cost neighborhoods will be insulated.

The percentage decline was the same for all areas. The difference is the timing of the percentage price drops, and then the rate of appreciation afterwards.

Bugs is right…. It’s all connected. If you look at it over a longer horizon, the percentage declines and appreciation were the same for nearly all neighborhoods. (Downtown SD was different because the CCDC was at work pumping massive amounts of redevelopment money into the area.)