GLad to see someone jumping in on the westside…
I think that the westside is/will be one of the last areas of SO Cal where the bubble plays out.
Instead of starting off my comments on your blog in what could perhaps be perceived as negative, I’m going to offer a suggestion here.
Please show the evidence for a “10-15 % drop in prices everywhere else on the Westside since the Fall of 05” (everywhere else, meaning except Santa Monica)
I have not observed a 10-15 % drop in Westwood for example, when comparing similar properties. Perhaps in Mar Vista or Culver City this has happened. My suggestion: Pick an area and show some numbers to get the ball rolling.