This article points out exactly why I think the upper end will get nailed just as hard as the bottom end has been getting over the last couple years. These were the loans of choice throughout Bressi Ranch, La Costa Greens, 4S Ranch, Santaluz and Carmel Valley.
Five years from now when someone reminisces about “I used to own a $1,400,000 tract home in Carlsbad” people are going to wonder aloud at their stupidity.