by Calculated Risk on 2/10/2005 04:51:00 PM

Here are a couple of quotes from this article:

"There is going to be a problem in the housing market, and there is going to be a recession."
James Davis, the chairman of the Bank of Alameda.

"If you are in a region where job growth is not a problem, then you really don't have anything to worry about as far as the price of your house going down," That seems unlikely in his area, he added, because "people who live in Marin are not the type of people who get laid off first."
Rob Bensch, a house and apartment investor from Novato.