Is Los Angeles/Orange County up for another crash?

[Zigmunt Smigaj]

Hello everybody,  I relocated from Oregon to Long Beach about a year ago for a job and I'm considering making a purchase on a multifamily as a primary residence.  First I'd love to meet some investor/rehab specialists in the local area.  Second... its been almost 10 years since the last crash, does anyone think that we are at the price peak just before another market decline?  How high can a price go for a property before it simply wont appreciate anymore?  Just seems prices are out of control and a ghetto house is $450,000.  I wont buy for appreciation but I also dont want to loose value if I purchase at a peak.  

Cheers!