Just to be clear. I never said immune and I dont hang out with a wealthy crowd. I hang out with well educated, professionals in their late 30″ to mid 50’s who have earned good money for many years and have always lived within their means. These folks didnt over extend themselves, have solid incomes, assets and family behind them. Too many of you seem to think everyone out there was irresponsible during the bubble. I know that I wasnt and that my friends and neighbors werent either. There are a lot more of us out there than any of you could imagine. The rich folks, well i run into them in my travels because of where I live. There are lots of them out there too.

Yes there are folks who got caught up in things and overextended them in my hoods. However they are far more the exception than the rule. There are just as many if not more conservative folks who sat all this out than there are over extended around here. Bear in mind I am specifically addressing NCC and the other submarkets are very different.