I think about 25%. There most certainly will be a correction, but it will be partially offset by continued strong demand. People keep screwin' (with predictable results) and keep movin' here, so population keeps going up. Demand in an area like this will ALWAYS be strong and there will always be someone desperate enough or stupid enough to keep buying even in a collapsed market. So it won't be a total meltdown (like 40% or more), but there will be a significant correction, probably followed by modest growth. . . Until the next bubble, when (predictably) people will say "this time's different". Hopefully by then I'll own a few properties which I can sell at obscene profit and get out before the next collapse, retiring to the Carribbean.
