It’s no skin off my butt whether you believe us or not………..but it can cost you a lot of money. Yes, I did predict the run-up that occurred. I went through the run-up in prices between 1988-1992 and the subsequent drop that happened after that. When things starting warming up in early 1998, I predicted that we were in for another run-up and by 2001, I told my friends that due to the rate that it was ramping up, it would probably have to blow up by 2005 or 2006 because nobody would be able to continue paying for the crazy mortgages that they were getting. We sold our house in early 2005, cashed out and left CA. I’m waiting for the mess to bottom out and then we’ll move back. If you look at all the facts and figures, it’s not hard to predict these things, especially if you’ve been through one before.
