Originally Posted by lazycash

Absolutely wrong, anyone who had CA real estate in the mid 90's knows what can happen. Prices peaked in the early 90's then hit the wall and dropped 25-35% over a three year stretch. I think pricing peaked last Oct in So Cal and has just been holding steady with a 5% gain in some areas and a 5% loss in others. I think a pull back will probably occur late this year in So Cal and you could probably get in lower next spring. I just don't see much more upside potential, risk vs rewards at this point is too great. You'd be much more inclined to see some nice gains still in some AZ and FL areas.