Ex-SD do you really believe that those $1M plus properties are immune from the bubble burst? When I look through the SD listings it seems I’m finding huge reductions in this segment particularly. Considering how many of these properties exist in areas like 4S Ranch and Rancho Bernardo, among others, how many people can afford a house like that with 10-20% down and a 30yr fixed rate mortgage?

I’m so glad I’m finally not going to look like an idiot for not paticipating in this mess.