Comment Re:Political/Moral (Score 4, Interesting) 305
I knew the shit would hit the fan. All those experts are either complete, utter fools - or they were outright lying to all of us!
They were lying.
Like many aspects of the DotCom bubble before it, the housing bubble was thoroughly well understood and predicted by pretty much every observer (and discussed as such by those with integrity). The only people who said otherwise were those who were participating for their own benefit, and who well understood the risk to themselves of prematurely bursting their giant Ponzi scheme.
Similar liars will crawl out of the woodwork to pump up the next bubble too, I'm sure.