I am not a fortune teller but LA real estate has historically doubled every 10 years. A little higher than inflation. It may go up and down and up again, but historically Los Angeles Real Estate doubles in price every 10 years. My family home was purchased for 32k in 1962 and was sold for 1.5 mil in the 2002-2004. It could get worse but odds are good that it will go up. 8 of the top 10 economists agree that it will go up in the next 5 years. Of course it will always go down and back up. Buy now if you can as I wish I would have waited until now.
Keller Williams Hollywood Hills