There are other forces at work above and beyond taxes. Got this in the mail yesterday.. Tech Companies pouring into the Westside.. Amazon took significant space in Culver City. One of Oracle’s 3 NA hubs is in Santa Monica. Adding to the traffic and demand for RE.
I think there will be a correction. Hoping so a bit. Last correction in 2009 saw our neighborhood down 20%. Recovered that by 2011. I want to buy something else (in addition to what I have) in that window. Housing downturns are ok..