Kind of......I was just able to see it sooner from a wholesalers perspective. A home owner was the last to see it...for some it was too late. The Federal Reserve Bank of Chicago actually disagreed that there was a bubble in the housing market in the summer of 2005

read this: http://articles.chicagotribune.com/2005-06-01...ale-prices

That bubble was in place in virtually every single market........and I had discussions with many individuals in different markets. The scary thing about that write up..and it's a good one proving how wrong the FED was....et al....is that in less than three years ...all came tumbling down.

So if you were a home owner that bought prior to 2000 ... and didn't play with your mortgage(a conservative mortgage that is)...or try to flip after 2000 .... you merely saw your value on paper go up...only to fall..and repeat.

Here's the chilling bit of that;

Quote:

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The study echoes comments by other Fed officials, including Chairman Alan Greenspan, that while some markets appear overheated, it is unlikely there is a national housing bubble that will burst, sending real estate values plummeting .

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So think of individuals that may have been sitting on the fence....after reading such...they may have jumped in....only to drown immediately.