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I think of both Carmel & Cannon Beach as toast...so beautiful they got wrecked and are now insipid...floating in bad albeit costly art.
When the Salinas crowd moves back to Salinas, and Seaside looks like more like it used to, then Carmel will be ok.
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On my recent visit to Carmel(by the sea), I was intrigued to find  many 'for-sale' signs all over the town. Some are even by the ocean.. millions of dollars worth or properties for sure. But usually these would have been scooped up in a matter of days. Now they are just sitting in the market.
An anectodal story to say the high-end housing is in trouble....
 http://www.redfin.com/city/2908/CA/Carmel-by-the-Sea
Just thought I'd share with Patrick readers....
#housing