Then there's misaligned incentives players in the construction industry may make more money the longer a project takes to get completed. 

He said several NBA players were investing.

We do not know if big players are shorting their own positions because they plan on collapsing the bubble.I do hope Jerry Shen was able to turn his fortune from Yahoo!  

Interesting - I have been investing in Philly for 8 years, run a  group of 2500 small landlords, speak at lots of events, know and network with many of the players  . . . but never heard of him before.

Connect with a few players who know your submarkets like the back of their hand, and suddenly you’re not the lone wolf trying to move product.

I don't go to any of these events personally its seems like its a circuit and you have basically all the same players on stage as experts I don't know how much anyone can get out of these events ( i have spoke at many in years past so i know you can only gloss over stuff).

CA taxes residents on worldwide income but may provide a credit for taxes paid to other states.

However The barrier to entry in the REI teaching business is very low and a lot of bad players join the game.What you describe led me to come up with Ned's Rule of Gurus.The quality of an REI course is inversely proportional to the price

I personally think it's here to stay.However, wait till big money players find a way to profit from a sharp drop.

It would not be a terribly profitable industry, and a few large players (hopefully including my NewCo) would dominate the space.