I agree completely with PS. So many people right now have a chance to cash in on something that may never come along again in their lifetime. Several hundred thousand free and clear.
Unfortunately, it just comes down to how many people actually understand and believe that there will be a major correction. Everyone debating on this board has a good grasp of the bubble and the impending implications. However, the vast majority of the population go about their day with no clue of the waterfall lurking ahead. It goes back to the media, and the fact that the worst thing that’s been reported so far is that prices may stay flat for awhile. But if the media reported the truth and everyone knew that prices were in for a major correction then everyone would try to sell and nobody would be dumb enough to buy right now. So there reaches a certain point that if enough people know the truth, then the opportunity to cash out becomes less. So PS should actually thank the media and the general public for being oblivoius to the whole thing. Without them, you wouldn’t have made all that money.
It’s the smart people that understand this bubble that will make the money. I wish I’d had the fortune to buy 5-8 years ago. I’d be selling right now in a heartbeat.