Sun Micro is being sued for this right now. It's been in the news. By the way the adjusted (realistic) high tech unemployment figures printed in the Merky News is over 33%. The mortgage default rate per Merky News and KGO TV is 49% in the Bay Area
Where and when did you find that statistic? Everytime I try to find out information like that, the article seems to have been written by a realtor. In other words, sales are good, million dollar houses are selling briskly, prices have leveled off but are not falling, etc. They put a lot of spin on the figures. Even so, 49% sounds unreal. Maybe in Santa Clara County they are that high, but definitely not in the East Bay.