Good common sense article. What I find interesting is that he’s in Temecula which is one of the outlying areas that will likely get hit hardest. My impression is that many working class folks who should be renters in SD went to Temecula and bought McMansions with 2% tax rates. iiiii Thats an area set for a real bust as many of the homeowners there probably should never have been homeowners to begin with.
