Prices are falling in the

[Anonymous]

Prices are falling in the fancy towns, too (source: Prudent Bear):

http://www.latimes.com/business/la-fi-homes22feb22,1,4662159.story?coll=la-headlines-business

I stand by my analysis that La Jolla prices will come down 40-50%, at least, to bring price-to-rent to historical norms.

http://piggington.com/what_about_price_to_annualized_rent_in_la_jolla