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I have mentioned for the last couple of years that the market in the major cities in California of San Diego, LA, San Francisco and San Jose will see a gradual decrease in demand followed by a very strong downturn. As typical in most downturns, the first year to year and a half a market sees the market slow down at a reasonable 5-10% in value. This is followed by a false flattening in the market. We have seen this flattening occur the latter part of '06 to the early part of '07 in California. The biggest mistake people make is to … (1 comments)
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