There's a quote that goes "Your capacity to short a market is dwarfed by the market's ability to defy gravity". The housing bubble began in 2002. If you had sh

There's a quote that goes "Your capacity to short a market is dwarfed by the market's ability to defy gravity". The housing bubble began in 2002. If you had shorted it as soon as it was 10% "too high", you would have had to wait 6 years before cashing in. The yield/year is miserable, and meanwhile, your total net worth would have been negative around 2006. (More likely, the bank would have forced you to "cash out", at great loss)