You didn’t stir up a hornet’s nest at all. CV is definitely holding up much better than most everywhere else in the county. Even in the recent statistics compiled over at the Voice of San Diego regarding foreclosure rates show that 92130 is near the bottom in foreclosures per 1000 properties.
That said, everything is relative and there’s a decent chance they’re just behind the curve. Of course there’s a premium for better schools and coastal proximity, and there always will be, but it’s all relative. Funny that you’re worried about a hit on your La Jolla place. Last I recall they have pretty good schools and are near a beach or something. Maybe you meant something else, but if prices are going to drop (or have dropped) in La Jolla, you can bet they’ll go down in Carmel Valley.