That was (part of) the answer. This is the question:
“Q. Do you have a firm projection of, say, 2007 price movements?”
I agree that the price movement for 2007 probably won’t be -30%. But moderate declines (like maybe -10%) could easily happen and if it does that will be very bad for a lot of people.
Anyone catch the RE section in the Union-Tribune today? We have some high-flyer RE agents who are getting starved out even as we speak. Another -10% year will be really bad news for those folks.
