I don’t think we’re seeing the worst of it yet. Of the SD sights the 1st three are Encanto, Otay Mesa, and “East” SD. I wonder if they are minority (or in CA–majority) related. The 4th one listed for SD is Mira Mesa!!! 187 foreclosures!
In semi-related news two companies which I consult for just announced layoffs in SD but hopefully it just means a few hundred engineers & techies are going to take some time off for a few days.