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Questions From A Bitter Renter: When Will the Westside Get What It Deserves?

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Continuing with the list of "Ask Curbed" questions posted by commenter Bitter Renter, we take a look at the repercussions of our ongoing mortgage meltdown. Amateur and professional prognosticators are welcome to respond. "How badly are the Alt-A / Option ARM resets going to hit the Westside? Is the Westside going to shrug it off, or are they going to be hit with a further 30+% correction as people realize they're not actually rich?"
· Bitter Renter's Ask Curbed Questions [Curbed LA]