LETS GET BACK ON TRACK. We all have opinions, they are like….. everybody has one. If we look at the numbers over the past 1-2 years, they are not good. The question is HOW LOW WILL IT GO ? and over what TIME FRAME ?
Obviously it is a general question and depends on which micro market you are looking at in So.Cal. However, the overall macro trend is DOWN. If anyone is familiar with the Westside of LA that would be great. BUT, lets take another area like LA JOLLA. What do you think the average starter say 1000 sq ft 2br/1ba average size lot was at the peak and HOW MUCH in % it will ultimately drop. During that last Real Estate Bust (90s) The highest end often experienced the biggest drop.
Also if you can estimate WHEN the BOTTOM will be and why. ( The magic question.. ) Simply post your predictions of Where, How Much and When. Thanks.