I have posted here numerous times regarding my position. I am long on SD coastal RE.

My first purchase was a coastal condo around market peak in 1991. My second purchase was a coastal townhome in ’96. I purchased my current home in ’01. The first 2 are now free and clear and obviously postive cash flow. Based upon the last sale in my current neighborhood, I have just over 15% equity in that property(used to be over 20%).

Call me liar, call me what you will. I’m not much into name-calling, so I’ll leave that up to you. I just post here from time to time to add my 2 cents from the perspective of someone who has owned SD RE for a number of years, has bought at the previous peak of the market, has ridden the up and downs and has come out in pretty good shape for a pretty regular guy.