You know, someone who bought at the peak, in 2005 through this year, as a "can't miss" investment, or someone who owns a collection of negative-cash-flow properties, or someone who is urging you now to either not sell, or maybe even partner with him on some deals?
Someone whose home is filled with "Make Money Flipping Houses" books, and who watches "Flip This House" religiously? Or someone who got their real estate license in the past few years?
Or the worst one, someone in their twenties whose last real job was working at Best Buy who didn't go to college and who runs around town blabbing that he or she is a "real estate investor"?
In other words, and more importantly, do you know the guy who at the very bottom of the housing crash cycle (in 2010 or 2015 or whenever that is) will throw in the towel in disgust and capitulation (at which point HP'ers will know it's safe to buy again).



