[quote=DaCounselor]How can anyone support an argument that the coast is immune anymore? [/quote]
Like triakis66 I find the situation in LJ frustrating. The majority of sellers seem to think prices are up from 2005, not down.
How anyone can justify this thinking, given the high level of inventory, and the reality that usually it takes a decent discount to sell a place, is beyond me. But from looking at the asking prices of most listings, there are clearly lots of people who believe the coast is immune.