Is this a real question , or, given your email address, are you trolling for business ?
During the 10 years you were licensed as a Real Estate Salesperson in CA there were up and down cycles. Were YOU able to predict the future during either the up or the down cycle?
None of us have a crystal ball but my humble opinion is that we will never see a rocket-propelled market like the early 2000's again. I suspect we will get back to a normal RE market - and by normal I mean CA will trend along the same lines as the national average 2% -3% per year of increased value, maybe slightly more but not much.
If we look at Texas, ever since the big oil crash of the mid-80's when 80% of all homes were foreclosed, they hunkered down and now trend along the national average. That's why in this downturn it is not hurting Texas as much as the rest of the country. It's only in the last 10 years, that anyone could get a HELOC on their house in TX - and - the 1st mortgage plus the HELOC could not exceed 80% of the value! Also, no checkbooks or debit cards could be tied to HELOCs - a much more conservative approach.....
Everyone needs to pull-back from excessive / over-inflated spending and get real.
(Noitce no real predictions here either ! :-) )
Broker & REALTOR
Orange County, CA
It will be back in about 10 to 12 years when homes have equity or once lenders come up with some awesome exotic products and mortgages for persons that shouldn't of been able to afford a home.
Just my 2 cents.
Jes Sierra, B.Sc.
I lived in LA for four years, actually 3 years 11 months to long, and I could see even then, 1987-1981, that the economy of CA was hurting.