A former Orange County Doctor posted this on a blog related to this story:
3 years ago I saw my medical assistant buying a $550,000 house in Anaheim, and I saw multiple patients in various blue collar jobs buying over $500,000 homes in Santa Ana.
yet when I kept doing the math over and over again, it would have been a stretch for me to afford one of these $600,000 homes on my $150,000/year salary.
I knew then everyone in OC were in over their heads and it was time to get out of there.
I know I’m not the only one that saw this coming. a lot of industry insiders knew this was going to happen. they are all just pretending to be surprised by all of this right now.
Posted by: former oc doc | August 13, 2007 at 12:49 PM
