A builder client found himself on the wrong end of the bubble. I suppose he was just raking it in, in such large numbers, that he couldn't see the writing on the wall.

I imagine there were lots of people that had no thoughts the it couldn't just keep going on.

I mentioned to that builder at least two years before it hit the fan, and some competitors, that I thought it was time to dial it back, as it just didn't make any sense.

My thoughts were along the line of where are all these people coming from with all this money. How can everyone afford a million dollar house?

When it finally did hit the fan, that builder lost it all, and those competitors went under.


Me, I did a huge amount of takeover work, and charged up front for most of it. :-)



The part I hate the most about it all, is that those "bankers" got bonuses and made even bigger profits from the powers that be in government, when in fact those are some of the people that should have gone to prison.