Um, well, I wouldn’t consider 35K annual income “desperately poor”. Perhaps hard to live on in San Diego, but not desperately poor.
You’re right Mark bad choice of words. I just meant to deal with the concerns about how many people can afford their houses there. How many bought at unaffordable prices is relevant too of course. Thinking about the numbers on that. I sold my house there to someone who got in trouble. Teaser rate and all but I think they might have gotten a workout because the NOD disappeared and they took the house off the market. I am glad for them as they actually got a relatively good deal from me and they loved the house. Anyway just trying to provide some anecdotal info.
