L.A. go-go: or not

LA Times' June 4th article "To live and buy in L.A." makes it sound like all is well in L.A., if you already own a home.

However, if you read sites like "The Housing Bubble Blog" or "InvesTech Research" the trend is very negative for real estate. Or even tracking the stats reported at "Bubble Tracking," the L.A. trends are negative: there have been less home sales this year than last year every month (from Jan to Apr) while the inventory is growing!

Who is right? Time will tell, but I think that things will get worse....