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Dog-faced pony soldier
Join Date: Feb 2004
Location: A Rock Surrounded by a Whole lot of Water
Posts: 34,187
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Yes, and frankly housing is still insanely overpriced in most of this area too. It still has another 10-15% to drop based on the projections I've seen that correlate price with affordibility indices (<28% of gross household income), comparable rental prices and historical relationship to inflation.
Of course by the time we hit bottom, unemployment will be around 20-25% in SoCal so I guess it doesn't matter too much anyway...
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A car, a 911, a motorbike and a few surfboards
Black Cars Matter
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