zk, nothing is a sure thing but there is such a thing as The Best Bet.
lendingbubbleco, your comments about bubbles are right on. I think that it is interesting how these bubbles, one right after another were dependant on a new phenomena – it suddenly became easier to get into the party.
The tech bubble rose right after it suddenly became easier to invest in the stock market. It used to be that you had to have a stock broker and were forced to pay big commissions (there were a couple of discounters but it was hard to get info, the internet made that easier). Suddenly there were all sorts of online firms that made it possible for garbageman Joe to get into the party with his 2k, swelling the numbers.
The housing bubble has been created by easy, cheap money. Fill out a form online, produce minimal paperwork, make a few calls and you’re a homeowner or a multiple homeowner.
