I would strongly agree with the market is abuzz condtion that you reported about Jim. People on an overall bearish post don’t like to hear stuff like that. There is and will always be a sort of perpetual misunderstanding that the market in San Diego will normalize in some way. That is, it will float down to a price/income ratio closer to a national average. The reality is that there is and will for the most part always be people that will step in as buyers to prevent that for the most part regardless of whether they are locals, investors or relocated professionals. The desireability factor simply makes it so. Price declines can and will happen but not to the extent of some of the wishful thinking (including my own) that I have seen….unless interest rates get to high levels… then all bets are off however it will not be a proportional drop.