[TET1968]

Look, my home's value increased 25-30% annually in 03, 04 & 05.
Let's say 06 results in a negative number like - 10%.
State Tax collectors might lose some sleep, but I certainly won't.

[RockinRight]

All I know is this:

If I were the patriarch of a young Southern California family, and wanted to buy my family a home I could feel comfortable buying, and made a nice middle class income, I'd be on monster.com looking for a job in another state so that I COULD buy a home by getting the hell out of California. Because in SoCal, it ain't happening.