[quote=Bugs] Someone correct me if I’m wrong, but didn’t we get into this mess when too many people in 2003 and 2004 extrapolated recent trends and then made prediction based on those extrapolations?

Exactly, hence the value of looking at the recent trends within the context of the long term trends rather than using ant point in a single cycle as the reference point.

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Good idea in theory. However, there are still a large number of people who have cash and have always wanted something that give a roi that is at or better than recommended and is a tangible non-paper asset.

How many of us have relatives or friends who comment about wishing they had cash so they could leverage a portfolio of rentals? Perhaps I see more of this due to my profession, but I am seeing a lot of this and seeing it reflected in the volume.