As far as foreclosures, my "opinion" is that even very high end areas will suffer foreclosures but the more recently built high end areas will suffer more foreclosures than the more established high end areas.

SD, Can you please explain that analysis? I thought most of the very high end transactions are cash and hence immune to foreclosures. In fact, if $ depreciates low enough, a lot of foreign buyers may find estate grade property (multi million kind) in places like RSF irresistible. That should keep the prices from plunging.