I live on LA’s westside. It is true that the bubble has not yet popped here. Perhaps that is why scruffydog appears to be living on another planet. So far, it is another planet here. But there are signs of weakness all around. More marginal areas are starting to show weakness (e.g. Culver City, Mar Vista, Rancho Park) but the nicest areas like Santa Monica, Westwood and Brentwood seem to be holding up (so far).
LA’s westside market has been about 12-15 months behind San Diego. Think about what was happening in Spring 2006, people were just beginning to see losses in SD, and may not have realized that the peak was already established in Nov 2005.
This is a great time to make a bet with people in LA regarding housing. You are seeing in SD what LA will see a year from now.
