Not surprising Newly2B. I bought my Mom a condo in a HUGE retirement community in Laguna Hills a year ago and I thought the prices were very reasonable. That low end condo market should do well especially as the boomers jump to retirement.
I would still think the high end homes on the beach are hitting their limits or in fact falling in price.
Anyway, SoCal got hit much harder than NoCal in the 80s and kind of hasn't had it's big bubble so they may fair a bit better but the writing is on the wall for real estate across the board IMO.