JJ the conversation sdr and i had for the most part should have been private …obviously. They must be extremely boring.We are both way too argumentative for the “common good”. I am sure he will refute that!

About your comments..
“Regarding CV, its been a strong market since it was built and it is a safe bet to assume if blood starts running in the streets there, people in other neighborhoods will be flat out drowning”

Yes indeed , what a prime location ,comparatively good housing stock..

“In fact, it seems to me that CV is basically, and very roughly, a lagging indicator for a cbad market, and a forward indicator for a coming good market.”

On this on I agree with lagging indicator remark and thanks for bringing that pertinent insight to the discussion.I am not sure I get the forward indicator part especially in light of what was brought up about “flight to quality” giving CV good support. I think what you said at first just makes Cv strong without making it be really that great of a reflection on 90% of other markets. IMHO