brl, you might be right, but 2004-2005 was way, way higher than 3 years earlier, which was way higher than 3 years before that, which was higher than 2-3 years before that. So it’s very hard to see 2004-2005 prices as other than a peak in their own right, before the super-peak caused by unprecedentedly lax mortgage underwriting standards. We’ll see if your prediction is optimistic or not in the next few years.
