Declines of 60% or better hit the likes of Stockton, SB, parts of RIV Co, parts of Sac Co, Lodi, Merced Co, Fresno Co, Los Banos, Salinas, Bakersfield, Campo and Imperial Co., etc. This was all due to massive overbuilding during the millenium boom (in conjunction with loose lending).
The portions of other cities/counties where massive overbuilding took place fared slightly better due to proximity to well-paying jobs, tourism AND/OR coastal locations.
Agree that location DOES matter but CAR stuck her neck out on these “predictions” and they turned out to be VERY accurate, to say the least.
Did YOU make any similarly-detailed predictions in ’06/’07 which we can access online now, sdr??
