Yes they did. I remember, in 1990, the Pardee development in Sorrento Valley sold starting at $175k for a single story at the low. That area sold, in 1989, in the upper $200k – $350k originally. In Carmel Valley (then called North City West), several developments went bankrupt taking along with them some S&Ls. HomeFed and Imperial Savings were 2 San Diego casualties — along with S&Ls accross the country.
