This is just a tangent: Out of curiosity, what type of business did your brother start and how did it fail?

I’m just asking in generalities; I’m not asking for specifics, nor am I fishing for something to criticize. What I’m curious about is whether his business was directly related to real estate (buying, selling, financing, improving, etc), indirectly related to real estate (goods or services largely supported by RE equity withdrawals) or completely unrelated to and independent of real estate.

Many of the businesses I see over in the business parks in the Temecula/Murietta areas are either directly related to real estate or else are indirectly related. Virtually all the motorsports and other lifestyle businesses seem to run off of equity extraction and RE wages/compensation and RE profits. There seem to be very few new businesses over there that would be unaffected from a RE downturn.