As you can see from the front page on this prestigious publication, the Conejo Valley will be one of the first areas to recover from the current housing market depression. Hooray!

Never mind that the correction in prices has just started; or that significant layoffs are underway by major employers in the area; or that lending standards have tightened to more traditional levels; or that sales have come to a complete stop. Nope. Thank God for the insight of these real state professionals!

According to these experts, the current depression is the result of exacerbated coverage by the media plus evil buyers making ridiculously low offers. You see, the beautiful mediterranean climate in this paradise justifies the irrational levels of appreciation seen during 2003-2005.

It is the new housing field of mediterranean housingnomics. A field basing the price of your home completely on the amount of sun you receive in a year and the temperature averaged out over a ratio. This is very complicated to understand but suffice it to say that we have a high sunny/temperature ratio.

To think that the number of relocations and credit allowances provided by Amgen and Countrywide during those years had anything to do with the parabolic ascent of housing prices. Nonsense!

To consider that the median income is still disconnected from prices and that exotic mortgages are a thing of the past. The horror!

Perhaps this fisrt round of layoffs will push away those evil low ball buyers and prevent the press from pushing ugly information (reality) to the public. Round two will take care of “slow growth”.

Thanks to their 24 years of experience, “you know that you may never find a better selection or a better buying opportunity”.

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