drunkle, I think we both agree that fundamental is where it’s at. I agree with you that if fundamental shifts, then we will no longer be at fundamental. I also agree that today, we are not at fundamental. Also, not all jobs will be affected by the bubble melt down. The people with RE related jobs will not support fundamental, but other will. That’s why it’s called fundamental. You can buy a house at fundamental and still double/triple up to afford a place to live, if it’s cheaper to buy than rent. THAT, is fundamental.