“Perfect Storm” is brewing out there with the credit market crumbling, inventory spiking, world stock markets stumbling, ARMs exploding, and the mortgage meltdown. Just wait till all the friggin REOs hit the market! Oh by the way, don’t forget about the federal deficit smacking the dollar. So as I said before : HOW LOW CAN IT GO ? La Jolla ? Santa Monica ? Santa Barbara ? Pick your poision and tell us your guestimate in % drop from TODAY(already 10 – 15% off in SM) and possible striking date for future buyers.
I’ll stick to Late Summer – Early Fall of 08′ for santa Monica and Santa Barbara ther should be some real pain after 2 more selling seasons for banks and alot of FBs. La Jolla anyone ?
