trd: "downturn evident in manhattan rental market long before lehman crash"

"...Actual rents are probably 5 to 10 percent lower, the report said, because the data did not take into consideration "net effective" rents impacted by popular concessions like a month of free rent...."

'"I still think it's too early for anybody to say that we're out of it," [Gary Malin, the president of Citi Habitats] said. "Maybe the doomsday scenario has been inverted. Maybe when you come off that cliff and you're on a normal cliff it doesn't look so bad. But no one can definitively say the worst is behind us.""

"inverted" = "averted"?? Way to speak English Gary.

Wouldn't an inverted doomsday scenario be something like a bubble?