I would like to add, most if not all seasoned investors left Cali about 2 years ago and already purchased in North Carolina, Seattle and other markets that showed strong growth potential. Even as strong as North Carolina is right now, even the true experts will probably bail out of there in the next year or two.
No seasoned investor would touch California right now. However it would not surprise me if those top guns that have reaped growth in other markets come back to Cali in a few years when things pencil out again.
