[quote=CA renter]
-Then there’s the demographic argument. Will Baby Boomers become net sellers for the first time in many decades, as they face decimated retirement plans/pensions, and need to take what they can get from their houses and move to cheaper locales?

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All that being said, there are still reasons to buy IF the buyer is 90% sure about their job security and future pay, and IF they are buying homes that have already fallen 50%+.

[/quote]

I would say Temecula Valley fits both of the above (at the moment anyway).

“move to cheaper locales” &
“already fallen 50%+.”