I dont know the exact figure but I believe the actual number of “specuvestors” in SD county was relatively low.

That is not to say that there wasnt rampant speculation in SD County. Several months ago Rich (our host) put together a great series about people speculating with their primary residences. That is the real problem we face as I see it. People bought homes they really couldnt afford with the false expectation that RE always goes up. However, these primary residence speculators will be prone to hang on longer than pure specuvestors. Just another thing that has me stuck on a slow painful ecline rather than a short and steep one.