As to the argument over Alan Gin, RE is more than a bit risky at this point. To not be publicly and loudly saying so is to be either a hypocrite, stupid, or a liar. There are VERY real consequences to what is happening, I know I have lived through them before. When you hear people who have a bully pulpit not using it honestly then you have a right to call them on it. The more mis-leading they are, they more vigorous your call-out should be.
Well put Josh. That’s the thing that has me scratching my head. How a PhD in economics with an emphasis in RE can’t acknowledge the risk in SD real estate right now is mind-blowing.
I don’t want to impugn the professor’s motives but if the market tanks, I think he should be called to account in no uncertain terms.
