"I was talking to a group of students I teach at a local community college. Nearly all of them own houses and condos, some of them own more than one property. Only one in ten could believe that real estate can go down."

This from somewhere in Canada. Could just as well be BC, but probably TO.
bsallergy at greaterfool.ca 8 Oct 2010 10:12pm – “I was talking to a group of students I teach at a local community college. They are all apprentice painters and decorators and the discussion was about real estate. Only one in ten could believe that real estate can go down. Of course these guys are painting the new mcmansions growing around the city and nearly all of them own houses and condos, in fact some of them own more than one property and were bragging about how they can’t lose and they’ve made all this money. When you have people in their mid 20′s talking like real estate genii it really has to be time to bail. This will be ugly.”