They can beat their drum and spin things to look rosy all they want but they can’t stop prices from falling for the next few years. Anyone that buys a home in SoCal before 2011 (at the earliest) is throwing money down the toilet. If you’re fully informed and choose to buy because you don’t want to rent: more power to you but it’s the truly stupid that I feel for because they really don’t do their homework or stay informed about what’s going on right under their noses.
