sdr I agree. I live in Solana Beach, and most our friends come from a wide range of backgrounds/income sources (ER docs, ex pro athletes, pilots, attorneys), but most have owned their homes for 6-10 years and I haven’t seen any tom foolery (as far as I know) with HELOCs, expensive new cars, etc. – I love seeing my ER doc buddy going to work in his 17 year old beat up Land Cruiser. If anything three of our friends have invested in property outside of the US. Granted, most incomes are pretty up there though….