The losses probably won’t be quite as bad as the inland areas but they’ll still be significant.
The outlying areas (relative to the employment centers) will do worse overall. The closer areas will do a little less worse. Coastal areas may actually end up somewhere between the two.
Bressi Ranch (Carlsbad) is already booking 10%+ losses, and they’re only 3 miles from the coast. I saw a breachfront property lose 10% in a single year. I wouldn’t say these markets are immune at all.
