[quote=sdrealtor]He is a part owner of a small business that provides support to some of the core industries that operate in the SD start-up market. Obviously he is not an idiot, far from it. He’s about 40, doesnt speak clearly, never makes eye contact, very nervous and look like the guy down the street. The point was if you met him you would not have any idea of his income. There are 2 more of him at his company and that is what they take out of the corporation each year not what it makes. He lives in a house he paid about 500K for during the bubble. Certainly not another option arm wannabe who bouight something they never could afford.
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A lot of houses going for 500k during the bubble are down about 50% now. Maybe he isn’t an idiot, but he’s certainly not the sharpest knife in the drawer to fritter away hundreds of thousands just because he could afford to.
