We’re already halfway to 50% declines in some areas of Riverside County, and based on current volume levels it’ll be YEARS before the trend reverses. That trend will make it a lot further west than Chino Hills or San Dimas or Glendale before it reverses.
Don’t kid yourself – there is no safe haven in a region that is defined in terms of driving distance. If the same home costs twice as much in Santa Monica as it would in Pomona and the home in Pomona declines, the Santa Monica home isn’t going to stay the same just because Santa Monica is “special”.
BTW….
“It hasn’t happened yet” is not at all the same thing as “It’s not going to happen”. There were a lot of permabulls in SD who were making the hasn’t-happened-yet-argument who ended up eating crow when it did happen. You’re making the same mistake now.