Waiting it out

WAITING IT OUT: Eric Broida is interested in buying a nearby house, but doesn’t plan on doing so until the asking price drops another $400,000. The price has already been cut several times by the sellers, from the original $4.6 million to $3.6 million. Broida, above, at his Pacific Palisades home. “People tell me I’m crazy [to think prices will keep falling], but that’s what they told me in 1992,” he says.

November 17, 2007