50% off sounds right ! We are just at the beginning of this real estate cycle bust. Could be quicker, once panic sets in and the MSM gets ahold of it. It wouldn’t suprise me if to see the market almost STOP, DEAD IN ITS TRACKS after this summer, once the real story becomes clear to the public. Still curious about LA JOLLA price history per sq ft, going back to say, 2001 – 2002 Prices?
My feeling is, the higher end prices will GET WHACKED the most to the downside, just like they did to the upside. Next month I believe is when the party really gets started……
