http://www.californiahousingforecast.com/

Los Angeles home price decline, 2000's versus 1990's: “The economy cannot escape the damage caused by a process now in reverse -- the use of one's home as an ATM to live beyond one's means, while at the same time piling up against an asset that was in a bubble.” - Bill Fleckenstein, November 21, 2007

http://calculatedrisk.blogspot.com/2007/11/gs-conference-call-mortgage-fall-out.html

We believe ... the industry will suffer $148 Billion total losses related to CDOs, to date we've accounted for roughly about $40 billion of those, so we're estimating another $108 billion in write downs over the next several quarters.
Goldman Sachs, Nov 19, 2007

House prices have 13% to 14% to fall from current level.
Goldman Sachs, Nov 19, 2007

Eight states ... for which there is greater than 30% house price depreciation forecast would be California, Florida, Arizona, Nevada, Virginia, New Jersey, Maryland, and Washington D.C. ... 13% to 14% nationally masks some states that we have acute concerns.
Goldman Sachs, Nov 19, 2007

Attachment	Size
cs0907la_frompeak.png	50.01 KB