this was a sign of the times
some really smart people who know better, did it anyways, i have a dear friend who lived in "Grahamsville"* RE wise, for some reson ventured from the path. till that his assets were outstanding, now he may lose it all
Due your homework like your life depends on it for each deal
I have a real nightmare going on in East Ft Myers right now
we are ready to start work after, 3,000 to get the project draw and sealed, plus zero return on the capital for more months that i would like to think
I am now working for return of the invesment instead of a return on the investment
if you have not lost money in RE, you probably have not done many deals
Marc Shapiro the Laywer I use, has done about 100 deals buying from the steps, he is about to lose money on is first, if he chooses to exit

lesson here is, if you are trendy, be early for the trend
by the time everyone knows about it, its too late

in the end, upside down houses will go away, time tends to heal all wounds

*Benjamin Graham (May 8, 1894 - September 21, 1976) was an influential economist and professional investor who is today often called the "Father of Value Investing" and the "Dean of Wall Street." He is perhaps best known today from frequent references made to him by billionaire investor Warren Buffett, who studied under Graham at Columbia University, and was his only pupil to receive an A+ according to Robert P. Miles (2004:30). Other well known disciples (students and teaching assistants) of Graham include William J. Ruane, Irving Kahn, Walter J. Schloss, and Charles Brandes. Buffett, who credits Graham as grounding him with a sound intellectual investment framework, described him as the second most influential person in his life after his own father. In fact, Graham had such an overwhelming influence on his students that two of them, Buffett and Kahn, named their sons, Howard Graham Buffett and Thomas Graham Kahn, after him.