With my own research and observation, I don’t think the desired area (LJ, Del Mar, NC Coastal in general) will drop below 35%; 25%-25% is still possible but really depend on the homeowners’ financial situation.
RB, RQ, Escondido, CV, Oceanside, Central valley, east county etc..) could drop more (~35%-40% max) especially 92127 (4S) and camrmel valley (92129). Unless we have some ‘surprises’ like massive job lost, earthquake, wild fire, otherwise, 50% drop is really wishful thinking.
I don’t agree everything ‘Union’ boy said. But, there is some truth in what he said. 50% percent or more price drop is highly unlikely, if not possible at all.
