I’m a third generation Southern Californian, although my family is large and not everyone has lived in the same county for the 80 years we’ve been here (parents, grandparents, aunts, uncles, etc. and myself with school and jobs over those 8 decades the clan has inhabited L.A., O.C., S.D. and Riverside counties, and still do. Lots of good real estate stories have been told over the years and just last year the family sold Grandma’s house in L.A. that I think she bought in the 1940’s for 5 or 10k and it was paid off 30 years ago. All that family history, maybe 50-100 homes bought and sold amongst family members, all in so cal since the depression and I’m bearish as hell, as is every one of my relatives. I think natives should be more bearish since they’ve seen the pendulum swing more than once.
