my relatives up there tell me that nice parts of Torrance is getting hit pretty hard, especially the townhome market. The relative disparity between torrance and pv/hermosa was not that different during the peak. That in itself is an indication of what's to come.
Personally, Torrance is a great area with decent schools. When prices are reasonable, I wouldn't mind picking up a rental or two. A few relatives own attached homes nearby industry parks. They have a steady stream of renters from Japanese companies that work here on rotation. Corporate pays the rent. They've been doing this for the past 20 years….The entry point to do this however is still not there, because the condo market still needs to fall some.
