I was a bad kid-young adult. Kicked out of my house many times by parent throughout 92-94. We live in Inland Empire. I (broke into) lived in 5 different townhouses that were not for sale, rentals, or anything (just abandoned). They just sat there (no clue to this date why). Then after everywhere was a 50% off sale in 95-97 I had 2 of my co-workers buy a second house and let their first house go back to the bank. During that same time both my next door neighbors and along with my family bought 2nd houses and dumped the townhouses back to the bank. One thing you have to remember that in ALL 5 cases that I personally know of they were all prime loans. Chuck that idea of only alt-A and subprime only getting hurt.
The reason why all this happened was due to lower monthly payments.
