[Porsche-O-Phile]

They were reporting that prices in the San Fernando Valley were down an average of $250,000 y-o-y and still plummeting. Funny, because the reporters were actually sounding kind of surprised/incredulous about this.

Ummm... Hello? Yea. It's the SAN FERNANDO VALLEY! It sucks. Nobody in their right mind would live there. Same with the so-called "Inland Empire". I don't care if I could buy a 2BR house for $200k tomorrow in either place. I'd pass. Not worth it. Maybe for $150k. Maybe. As a rental property or something...