I just can’t believe my eyes at those mortgage sizes, Dominic. We make many times over the avg household income in SD county and we would never dream of getting that big a mortgage! Virtually every house has a 700K to 1000K loan!

Those folks must have absolutely enormous salaries or, more likely, they are IO loans. And if so, when do the resets come? Lessee, they moved in during 2005 and 2006….hmmmm…..