“Those of you who did not have an optimistic perception back in 1997, have probably been speculating about a bubble since January of 1998.”
Yeah, that’s right. We’ve been speculating there’s a housing bubble since 1998.
Christ, dude. What a ridiculous statement. Is that the best you’ve got?
I also like how you characterize clueless, highly leveraged speculators chasing an overpriced asset during an obvious bubble as “stepping out on a limb and into the american dream” or some such nonsense. Yes, if we only had their bravery (and their complete lack of ability to analyze an investment).
