mavericks

A Tale of Two Coasts

San Francisco is more of a comparison to NY than LA. In SF, prices have barely budged too. However, you look in other parts of the bay area, particularily the suburbs in the east bay, and its NOT good. LA being so spread out and suburban, its not a surprise home prices have come down and probably have further to go. California is still very over priced compared to say, an Oregon. This won't be over in until the last balloon is deflated, and that will be in SF.