Real estate is not my area of education either but I predicted the future Real Estate Bubble disaster on Free Republic back in 2005.
"Three million home owners with ARM loans just got a BIG surprise in the mail." ...... That's nothing compared to the orchietomies that those who have stretched their budgets to buy over-priced real estate with Interest Only loans will get when the "interest only" grace period expires. ..... 34 posted on Sunday, November 20, 2005 2:49:56 PM by Polybius
All it took to see the obvious Bubble was common sense. Common sense, however, appears to be in very short supply nowadays.