Late Summer 2008 is my prediction for the first buying opportunity on the WESTSIDE of LOS ANGELES. I will stick by that prediction. IMHO, I believe the price declines will be QUICKER and DEEPER, than most think.
Why ?
1)Market peaked in Late Summer 2005 (3 years time)
2)Once panic sets in it will be a BLOODBATH.
3)We will drag along the bottom for 2-3 MORE years (2011)
4)Late Summer 2008 will be the WORST of WORST, before bottom fishers start nibbling.
5)Different areas may start earlier or later, depending when their market peaked.
