I will stick my neck out on this one. I have always said that I am not so sure that all neighborhoods will depreciate in the same manner. I think that there will be a bit less distress in these areas and there is an element of higher homeowner equity in these areas as well. Yes I could very well be wrong. I don’t know if LJ and Del Mar ran up as much as the rest of the county. They very well could have. Yet I believe more people also buy in these neighborhoods to live rather then to flip.
Anyways I am sure lots of darts will be thrown at me. I am not saying LJ and Del Mar will not go down, I think they will go down, but %wise I am not sure if they will run down as much as they ran up.
