Don’t hold your breath for these to hold up, the pain train doesn’t have a scheduled stop in the higher end areas scheduled until at least winter and daily stops in 2008, but rest assured it’s first stop in that demographic will be 4-S, it’s all about the fact they were built during the bubble years. What was that saying about 40-4-4, 40% of the people who bought their homes in the last four years will lose them in the next four years. Biggest negative overshoots will occur in neighborhoods built from 2002 to 2006.
