Quote:
Originally posted by speeder
Where are the millions, and I do mean millions of people going to come from that can afford a $10-12,000 @ month mortgage, month in and month out, for 30 years?? That means serious assets, not "have a bad month and can't pay on the first".........
This really confuses me. 
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And well you should be confused. As of the last report I saw (my girlfriend is a realtor), only 12% of Californians can now qualify for the *median-priced* house. And that's statewide. I'm sure the number is far smaller in the SF or LA/OC/SD metro areas.