I agree, you are a real asset. Can you share any insights on the financial situation of the typical San Diegan, if there is such a thing?

Regarding the idea that certain people can afford adjusting ARMs because they are in entry level jobs with rapid advancement in pay: isn’t that true for some people? What percentage? Or do most graduates carry debt now?

What types of loans do rich people take out? How would you know if someone cheated on their stated income application, or does it matter if you know?

What role did appraisers play in all this? I know there are good ones, like Bugs and Steve Beebo, but did you see any appraisal fraud?

Do you know of mortgage officers who upped the applicant’s income, just to make the loan work?