[fish hawk]

I've lived here for over 35 years and have never, I say, never, seen property go down. I may level off and stay flat for a year or two or three, then take a giant step up. I believe this is true in other places too, that are resort type places. Like La Jolla, Marin, and Carmel etc in California. In Hawaii, the whole chain of islands are a resort area and there is only so much beach frontage.(which gets you into the millions)

[durasell]

I saw property values take a hit in Marin in the early 90s. Don't know about the other areas. They don't let people like me near La Jolla or Carmel...

[little jeremiah]

Property prices on the Big Island went down in the 80s. According to friends who sell property, way down, when a lot of Japanese who had invested in real estate bailed out.

BTW, three friends in Sacramento who sell real estate are not making any money. One's going back to her previous profession, one's just broke and has another job. They all got in a little late. One told me yesterday that there are so many houses on the market that nothing is moving, prices haven't dropped a lot (price reductions are happening) but more and more houses are on the market, just sitting there.