I have to admit that I too feel a certain “glee” at watching the bubble burst, mostly because I’ve been calling it since 2001 and I hate to be wrong.
Hate to say this, but you were already wrong. The RE bubble about doubled from 2001 levels and began bursting in 2005.
No offense, I sold one of my rental properties in 2001 to avoid being overextended in real estate myself. I was wrong as well (but hedged my bets by holding onto another property).
