Remember this dimwitted real-estate-clerk-Apprentice-winner-Donald-Trump-spawned "bubbles are for bathtubs" idiot, Kendra Todd?

Ah, let's all revisit the sage advice of little-girl-playing-grown-up-real-estate-investor Kendra Todd, from September 2006. Too bad people can't sue her, or Yahoo for giving her this platform.

But it is nice to know Donald Trump will be declaring bankruptcy soon.

Is the Real Estate Market in Bubble Trouble?

By Kendra Todd, winner of "The Apprentice 3"September 26, 2006

You can't go anywhere without hearing people talk about "the real estate bubble." Such talk drives me to distraction, and I'll tell you why. It's because there is no real estate bubble. Bubbles are for bathtubs.

Despite a thousand articles in Sunday newspaper real estate sections, the bubble is a myth. The real estate markets in many areas are going through a normal correction cycle. I'm going to tell you how to recognize the signs of a correction in your market, how you can avoid getting sucked into "bubble trouble" and how you can even benefit from the current environment.

A bubble is a market in which the value of the key asset is inflated based on speculation and psychology. Because of this, true bubble markets can burst overnight when something happens to shatter the perception of value.

That's why the Internet boom of the late 1990s was a true bubble; people suddenly realized that ninety percent of the dotcoms were companies with no way to make money. Talking about a bubble implies a sudden burst, and real estate does not work that way. You don't go to sleep one night with your house worth half a million dollars and wake up to find it's lost half its value.