This is the most inane comment I have heard lately on Piggington. The classic “They aren’t building any more land”. Home prices are a function of supply and demand. If demand falls enough even though the supply is limited, prices will fall. That is exactly what is happening. And is exactly what happened in the early 90’s when home prices all along the coast got HAMMERED…even in “recession proof” La Jolla.
Do some homework before you make nonsensical comments.