[quote=noone]Based on everything I’m seeing I just can’t believe that Mira Mesa is so special that properties there will only lose 25% from peak. Yes, prices are “sticky on the way down,” but that doesn’t mean they aren’t still falling.[/quote]
Where did you get the 25% from? I know many 1100-1400 sq-ft house in MM sold for around 550-575k at the peak. Now, they’re selling for around 325-350k. That’s a loss of ~40% already.
