Also, certain urban trendy areas and coastal areas in coastal CA counties are “immune” from large (and fast) price declines. SD would have to successfully be attacked with nuclear weapons for that to happen.
Yet we had 2007-2009 and 2011-2012 as periods of decline without any nuclear weapons being involved.[/quote]
I don’t recall any declines in these areas. I recall a VERY few TOTALLY UNINHABITABLE beat-up foreclosure listings which would take at $200 – $300K to become habitable but don’t recall declines of any magnitude in these areas. Example: 92106 and southern 92107 (which were the communities most prone to attack :0).
