[joe_the_user]

But an end to the housing bubble was hardly a wild prediction, just common sense.

Either some new law that would let bubbles go on forever had just appeared or the bubble would end in a bit. You just didn't know exactly which bit.

Indeed, in any bubble, some percentage are fooled by the argument du jour that "this time it's different" and another percentage are simply trying to find the bigger fool. Sure, a lot of people know the bubble will pop but without knowing exactly when, they don't really an incentive to do anything.