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.
