Alex..
You might try addressing specific people that you have a problem with rather than making what is pratically blanket accusations. There is a variety of experience and knowlege manifested in the posts here. I have checked out other housing bubble blogs and some are full of sore losers, chicken littles and outright sociopaths. This one is balanced to a pretty fair degree. You are proping up your logic in the most faulty of ways. Using other people’s errors on the timing of the market doesen’t rule out or rule in anything. I think even Rich Has admitted to being surprised at the staying power of the boom and this is one smart guy.
At the very least you could try to get out of the past and analyze what is apparent in the market currently. By the way, I timed the market perfectly this time for what it is worth. No, I used the market pefectly,in a small way for the last 12 years.Then timed it and made adjustments.If I were a genius like you apparently expect everyone to be….well…could’ve should’ve would’ve never caught a mouse… I think the perfect place to be is on the sidelines unless you are bullet proof with equity and or cash and(not or) love having your own place or hate renting. In any case there doesn’t look to be much upside to starting now. The only thing good about the market is fixed interest rates. I do hope they last forever and thats probably just wishful thing too.