I don't disagree. No way I would move up to a bigger house at today's prices. BUT...I've been saying that for a while now, so I guess I look like the idiot.

I don't disagree. No way I would move up to a bigger house at today's prices. BUT...I've been saying that for a while now, so I guess I look like the idiot. No one really knows. Relevant John Keynes quote related to short sellers: "The market can stay irrational longer than you can stay solvent." Even if it something is a bubble, it's impossible to say when it will burst/how it will burst. Saying, "this asset will see a significant drop at some time in the future" is always both true and totally unhelpful in any practical sense.