bsrsharma: Had to be HELOC money. Most of the developments I am familiar with up there are fairly new and most of these parents were Orange County transplants who couldn’t afford to buy/live in OC, and so they came down to Temecula, Murrieta, Menifee, etc. within the last couple of years.
I happen to know a lot of coaches up there as well, and quite a few of them are losing players due to families selling and moving from California, or they have players where the parents are now facing financial difficulties.
I spoke with one coach who has a returning player that he has coached two years previously. The player’s dad was known as a big spender over the previous two years when it came to the team, purchasing everything from equipment to individual player items. Different story this year. The dad had to scrape just to cover the entry fee for Pop Warner.
I realize that this is anecdotal at best, but it does illustrate that the party seems to be coming to an end. I know that locally, quite a few folks are quietly selling off RVs, boats, third cars, etc. that were purchased with HELOCs and seconds.