I think Hillcrest/Mission Hills will be 2010+, and the other 3 may occur by the end of 2009. The more desirable areas hold up longer.
I hear that. They are still putting up condos around here (Hillcrest). They are going to have finish them, then do the bankruptcy/bank-repo thing before they find a bottom.
The problem with Hillcrest/Mission Hills is that there are lots of wealth Dr.’s who want to buy near the hospitals and are just priced out for the time being. They have a ton of cash and stable income and will snap up these properties once they become affordable to them.
