Housing in the 90016

I'd like to point out an insightful post by Mike Gran in the LA Times property blog. Mike notes that there are a few houses in the sub-$400k range and that sales seems to be slow.

The comments to the post demonstrate some of the standard westside though process: for example, a guy named Steve notes this:

The reality is you are risking your life on anything below $500K in LA, is that worth it?

Aunt Linda, is that you?