Will home prices in Manhattan Beach ever drop?

Question:The house prices in all the beach cities in Los Angeles are ridiculous. 3 million for a 4 bedroom home. That is just horrbiile.

Answers:
house prices are dropping around LA county and the rest of the country. the number of foreclosures are going up too. However, soon the prices will climb again. Land is finite and Manhattan Beach is a very desireable location, and as such, prices will continue to climb and climb. Even an earthquake will only have a shortlived affect on prices.

No. Never. You will have to be a millionaire to live there. Only an earthquake or tsunami will bring home prices down.

An earthquake will help bring prices down

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