So, sdr, I’m hoping you can clarify something for me.

Lets start by breaking your market up into price segments. These are prices as of the peak – say 2005 or 2006, whenever you say the peak is.

Lets say at the peak, price ranges were:
500K – 750K,
750 – 1M,
1.25 – 1.5,
1.5M – 2M, and
2M – 3M.

(Anything higher doesn’t register with me and is such a small number of unique sales, it’s hard to quantify.)

To what levels would you say those ranges have shifted today? And in 2 years, where do you think they’ll be ?

Ranges don’t have to stay the same size. i.e. 1M can move to 900K, while 1.5M can move to 1.2M.

Anyone can play, by the way. Lets keep it to only sdr’s zip codes for now.

Thanks. I’ll have follow-on Q’s for you after this.