Back in 2006 or so, I was in college taking a mortgage finance class. Rich was brought in as a guest speaker and I knew right away he was dead right about the bubble. Total breath of fresh air from the two mortgage broker perma-bulls teaching the class.
I moved back to LA and started the “santa monica distress monitor” where I followed the bubble pop in real time for all to see. I deleted the blog long ago but it was a lot of fun, and I have Rich to thank for starting me on the right path.
Fast forward to 2011 and I bought a house in Culver City at little after the bottom. The crummy $800k fixer has just about doubled in value and I can’t thank Rich enough for helping me time a once in a lifetime purchase so well. Cheers!