After the Boom: What Term?

Many terms have been used to describe how the housing boom will end. Here is a list:

• Hard Landing
• Pop
• Bang
• "Loud Hiss" - Bubble Meter
• "hiss" ( Paul Krugman )
• "fizzle, not a bang" S&P Chief Economist David Wyss
• Soft Landing
• "permanent plateau"
• End? Double digit price appreciation forever - Crazed Speculator

I am sure many other terms have been used to describe how the housing boom will end. The boom is over in most bubble markets. Now, most bubble markets are in a period of stagnation ( "standoff") . The stagnation period will soon give way to price declines. All these terms are interesting, but numbers are more important. Will the LA market be down 25% inflation adjusted from its peak by December 2007?