Back to the %age drop. I totaly agree with Irvinerenter. Majority of people didnt save enough knowing that they can get interest only loans. I know a few, others may not be much different. People who actually have $100K or more sitting in banks, there are only few who actually havent bought...
<p>I actually relocated from Bay Area to OC in March 2001. I was also newly wed with my wife trying to get back to school and she ended up at cal state long beach. I actually found decent townhomes in Ladera Ranch in 2001 up for sale for $215K-$250K for 1,300-1,500 SF. I could have afforded...