There is zero chance. He is drunk on stupidity while suffering a terminal case of envy. That would require prices dropping over 50% here. During the bubble burst they bottomed around 23% down around me not coming closing to my 30% predicted worst case scenario. That was with zero down NINJA loans and no qualifying. Homeowners weren’t sitting on sub 3% mortgages. There was not trillions in newly printed cash sloshing around the economy. Workers at In n Out would be able to buy houses in Mira Mesa. How the heck would we suffer a decline anything close to double what happened during the bubble burst? ZERO chance