i agree. that’s what we did just on the cusp of the vertical climb. most of our neighbors had also bought their properties 20 years ago because they’d been priced out of the ‘gentrified’ areas.
i don’t know about smaller cities in california, but people in LA are still pretty open to living in less desirable areas. places like silverlake, echo park and mt. washington emerged from such emigrations out of the westside. they were and still are pretty edgy but people will not blink before considering an expensive home next to a crackhouse.
i think there are still too many overpriced rentals on the westside, and the P/E ratios are not as crazy as in smaller places like san diego.
not to doubt that there will be a slide here, just that it will probably take longer to reach the metro…
