[Ayoob_Reloaded]

Check out the $250K houses in LA

http://guests.themls.com/profile_page.cfm?mls=05-020089

http://guests.themls.com/view_photo.cfm ... =05-014235

And look at this misshapen shell for a low $300K

http://guests.themls.com/view_photo.cfm ... =05-020633

I have a feeling real estate prices in Los Angeles are set for a mild tumble.

[pilferage]

Not likely. The cost is reflected in the location of the land, and the land is what you're paying for. I can see the prices in the IE and some high/low desert regions dropping, but LA will not drop significantly, especially once the price of gas starts to really rise. The same can be said of just about any place close to the coast, my grandfather's house has tripled in value over the last decade. I believe this increase in price will stall and possibly drop when the population stops growing... which I don't think will happen any time soon.

[aldente]

Check out the prices where we live (San Luis Obispo, CA):
SLO real estate
I punched in $ 600.000 and that's what is listed. Also note the age: 1917, 1928,1955 etc.

[sklump]

Wow, that's super-hot. Wanna see what $500000 US buys you in my neck of the woods?

Right downtown: 5 min. walk to Parliament Hill.

It's tough to know where to put your money right now.

[PenultimateManStanding]

The Animal's version of 'The House Of The Rising Sun':

I'm going back to New Orleans
The World has gone insane

People are spreading out into the high desert and even into the mojave it looks like. Commuting two hours and more to work every day and then again at night driving in the dark out to the desert. And we are right on the edge of huge price spikes for gasoline.