For those of you that try to compare today’s situation with the mid 90’s is just sad. Look back to the mid 90’s and tell me how many millionaires there were before the .com boom? How many billionaires? How many 20-30 year olds did you know in the early 90’s that were making well over $100k and had a net worth of over a million dollars? You guys just don’t get it. There are more rich young people today then ever before. There are enough people with money to keep this market steady and going. You look at the high forclosure numbers but put that in perspective to the amount of new homes and condos that popped up in the last 5 years. Those people are not the norm these days but the exception. You all seem to forget that 1 in 5 americans live in California. Not all are poor illegal immigrants with sub-prime mortgages. You should try forgetting about the early 90’s because we are in a different time right now.
