I apologize for my tone and my insinuations and my negativity. And you’re right about Alan Nevin – he’s very optimistic.
Now with that out of the way, perhaps you’d care to drop a couple pearls here for us. The article that started off our shootout here in the OK Corral attributed the following to you:
“Meanwhile, overall home prices across San Diego will plateau, Gin predicted.”
So that we can all understand the context of your prediction, would you care to share with us what your definition of “plateau” is at is relates to pricing here? Are we talking about staying generally even with yr2005 prices, yr2004 prices or at some other level?
“The conditions aren’t there for a big rebound in prices or for a big drop,” he said.
When you use the term “big drop”, how would you define “big”? I mean, to some people a 10% loss as has already occurred in a few neighborhoods is a pretty big drop. I’m sure there are other people who wouldn’t admit to anything less than 50% as being big. Where in this scale do you define “big”?
I guess what I’m asking is exactly where would the market have to go before you would get quoted as referring to the Soft Landing or plateau scenarios as being unfounded?
