[quote=jpinpb]sdr – I’m sorry. I didn’t mean all as in 100%. But I’ll go out on a limb and say that during the peak bubble, a very high percentage of people took advantage of the zero down. Those people do have nothing to lose except good credit for a short period of time.
The areas that I’m observing have seen minimum 15% off peak price. I don’t follow the La Costa area, which I know you do. Perhaps that area is still seeing peak prices.[/quote]
JP
I dont disagree with any of this. I just dont think people are as quick to walk away. From what I have seen I just think Dave’s post was far closer to reality in the way people look at and react in these situations.
