A friend told me that the number of parents asking for payment plans for the kids’ Poway school bus passes went from 100 to 400 in the last year. The parents, esp. on the west side of I-15, complain about the high mortgages. Some parents live in a 3-generation house, and get spending money from their own parents. This friend told me he has seen this housing cycle really hit families hard. He remembers all the foreclosures around Poway the last 2 cycles. The more expensive neighborhoods were full of foreclosures…

If I have a conversation, I typically tell people I am 100% certain their house will be worth 50% less in 3 years. This accomplishes two goals: 1) I can be really annoying by pretending to know something with 100% certainty, and 2) I like to shake things up by being contrarian. (The above was just a joke, but I think some of you think I am truly like this, hahahahahahaha). Honestly, I just say, “We sold our house because we believe prices will drop in half.”