"Fraud is generally a key component of a bubble. As mania kicks in, people's concerns over fraud lessen as the perceived risk diminishes. Over time, bad actors crowd out those foolish enough to follow the rules and the market becomes dominated by fraud. This was the case with the 2000s subprime bubble and the 1980s savings and loan bubble. It's the case now, too."
P. Diddy, Puff Daddy, Sean Combs, Puff Adder etc. wasn't quite what he purported to be and Katt's prediction is proving to be spot on - Diddy was surrounded with various enablers and "playa's" and our presently busting housing bubble is also full of "bad actors". Can't wait to see who is involved in both clusterfucks.
If you are a "bubble denier", you are either in a market that hasn't as yet been affected or you are a low IQ real estate "professional" or both.
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