"I suspect that in the January 2016 economic climate in the Bay area, no reasonably imagined housing expansion would make more than the smallest dent in housing

"I suspect that in the January 2016 economic climate in the Bay area, no reasonably imagined housing expansion would make more than the smallest dent in housing prices." I agree. I wasn't talking about expansion causing prices to drop - I was talking about an economic downturn and a contraction in credit.