The Mackey sales team analysis writes that the greatest price drops are in these vulnerable products: land, multifamily, condos, areas w/ high non-owner occupancy, luxury/high end, large sq footage homes.

Chris from Mackey/Prudential is the guy to go to. He helps investors 1031 out of CA properties (bec. they are going to depreciate 25%), and move to another state, where prices are not going to drop as much. In 2010, or when CA prices have hit bottom, they can move back to CA.