Huh? Sales guys giving market advice with skin in the game is what every single sales guy in every single industry does. I called the bubble in 2003 also (actually in 2001) but I also let people know it still had plenty of room to go. I personally bought properties while the bubble was getting close to being full and flipped them for close to 6 figure profits right before it did knowing full well what was going on and about to happen. I had clients buy in late 2003 and sell 2 years later at my urging and walk away with a couple hundred thousand dollars of tax free profits that changed their lives.
If you were so smart you would have bought in 2003 and sold 2 or 3 years later but you fail to see that. Lots of people knew prices were bubblicious but few exploited it properly. You certainly werent one of them. Being smart and well educated is one thing. There are lots of smart people here and out there. The difference is having the life experience to know what to do with it and balls to do it. Both of which you are deficit in.
The system actually works rather well and even better today than ever before. Properties get listed and instantly are available for the world to see online. Resources exist online that buyers can easily see past sales and more detailed market information than in most industries. Any buyer can pull up closed sales from the past 3 months and know exactly what properties sold for with the exception of some relatively modest concessions on a percentage basis. Try getting anything close to that on a stock you want to purchase. Those financial statements are more manipulated than RE sales comps and far less timely. How about the labels on the food you eat? The cars you drive? The clothes you wear?
