Let me ask a counter question, one that you should have more insight into? If there were no lowering of lending standards, would most or even any of these units have ever been built?
Builders have to have some idea of who is going to buy before they get funding to build. So if we hadn’t had a huge liquidity push after 9/11, would downtown look anything like it does now? How about San Elijo Hills? I think of that as downtown for North County.