People here in CV are digging in, deeply in denial. I was talking to my neighbor last week who was telling me prices will never go down since we’re so close to the beach, etc. He said he plans to list and quickly sell in a few months for 600K, even though there are identical units for sale nearby in the low 500K’s. I felt like asking where exactly was the beach 10 years ago when he purchased for 200K, but I decided to let it drop.
