An old school realtor who understands the need to nurture a client base, would be marketing to people like your buds, NorLASD guy. Is the Nor for NoCal?
In the long run, even if it dips they won’t get hurt.
Personally, I think the best strategy for an investor is to let it hit bottom, and buy on the way back up within the first 10% increase.
Sometimes the crazy deals materialize, and that’s when you make the exception.
For example, if a steal in one of the gated Redhawk tracts came up, beat up or nice condition, with course view, 3 car garage, less than $70 sq ft, I would be inclined to pick it up and use it as a replacement for the multiple storage units that I have. End up with an asset stagnant for a few years, eventually considerable appreciation (2x-4x return) in 7-10 years, and becomes free storage space over the time span.
