What do you mean around here? I live in San Diego too. Oh, and regard mid-20s home buyers around me, I’m sure they are stretched to the hilt to pay their mortgage, so not all of them should buy. I’m just saying that my generation want IT and want IT now. What ever “IT” is. That’s why you get this insanity. Instead of waiting till they save 20% down and make enough to comfortably afford a 30 year mortgage + save for retirement, they go and get the IO ARM. So, that’s just some insight on why I see/know many mid-20s owning homes.
