Are LS and PL and LP likely to be affected by the downturn?
pertinazzio – Within the same metropolitan area (within "commuting distance" from job center(s)), prices in all sub-markets are connected. When prices in Escondido goes down dramatically (happening right now), it will eventually affect Liberty Station.
I think your time frame of 2 year (2009) might be too soon. That is, you probably have to wait until 2010- 2012 for prices in the coastal areas to reach the "bottom".