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Old 01-02-2014, 11:09 AM
 
Location: Dana Point
1,224 posts, read 1,829,818 times
Reputation: 683

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Comparing Vegas to OC is asinine. They are literally nothing alike in terms of demographics, jobs, wealth, etc. There are nearly 120,000 millionaires in OC (and growing), and last time I checked, very little open land that is able to be developed for housing.

Did prices in San Marino, South Pasadena, or West LA get "crushed" after the entire world basically went into a great depression for 2-3 years at the end of 2007?

No, at most they dipped MAYBE 5%-10% and have now regained all of that lost ground and then some.

ZeroHedge has a horrible track record as well.
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