EXCELLENT observation by 4plexowner, however you missed one point, the people you have tried to educate WILL NOT suddenyl realize you were right when real estate crashes, NO, they will have completely forgotten about what you said in 2005, to admit to themselves you were in fact right, would go against their bloated self ego’s.
They are FULLY subconsciously aware of their predicament, its called “Cognitive Dissonance” or, in the book “1984” it was referred to as “Doublethink”…the constant mental anguish caused by holding and believing two opposite beliefs at the same time.
One must know thyself before he can trust himself to purchase anything in a bubble atmosphere.
Shit, ? thats pretty snappy! I might have just coined a NEW phrase…..you heard it here first