4S is down? Tell that to the nice young man, educated, who answered my survey about housing prices this weekend. Last year, he bought a $900K house in 4S ranch with an I/O loan, and said it’s worth $960K now. I didn’t have the heart to tell him it’s worth probably $810K. I gave him this website; maybe he’s reading this right now. (If you are reading this, sell fast, before it goes down further or your loan resets, or just consider a short sale or walk away and return the keys to the stupid lender who handed you a loan you really couldn’t afford in an overvalued housing market. See attorney for advice)