[quote=sdcellar]That said, I am not saying that we’re 90% (or 85%) of the way there. To me, it’s a heck of a lot more complex than that. At the higher end, it simply seems like there’s got to be a ways to go, but even with individual lower end properties, I see prices that are still whacky.
I suppose I’m a big fan of ocrenter’s notion of 2001 prices being the right balance, but with all the machinations and madness going on, who knows?[/quote]
Is the higher end no longer whacky? Don’t you still think there’s a ways to go on the down side? Shouldn’t you be waiting for 2001 nominal price? Why settle for a 2001 inflation adjusted price?[/quote]Funny that you picked that quote, when earlier in that thread, I said “Now, me, I won’t suggest we’ve got over 10% of what overall decline actually takes place yet to come, but an argument could at least be made for that. I won’t support it because I frankly can’t make sense out of much of this at this point.”
At least you included the part where I said “who knows?” Again, here I don’t, but I am curious what others think.
