Wow! That was some chart. Did you see the yearly default numbers for 1982? Scary. I mean back in 1982 how many houses were there? Towns didn’t exist back then. No SEH, no Carmel Valley, no Foreclosure Ranch, no Del Servitude, no East Lake. Most of La Costa and Carlsbad didn’t exist. Back in 1982 downtown was for drug dealers and prostitutes, not high-rises. Yet that number was pretty huge.
