[victoriana]

I saw this happening a LOT when I used to live in the Inland Empire. It was crazy. My parents bought their house brand new 12 years ago for 1/5 of the price houses in our neighborhood were selling for at the height of the bubble. The average middle-class family got approved for a mortgage that they thought they could afford, but in reality, would never be able to once the adjustable rates started to inflate. There were so many foreclosures in my town. Thankfully my neighborhood went through relatively few, but some of the newer, more affluent neighborhoods had as many as 1/4 of the neighborhood in foreclosure. Before the economic crisis, my area was considered to be one of the more wealthy areas in the IE, and it still is now, but just like the county in Maryland, it's going through a lot of struggles.