Or perhaps his book called "Irrational Exuberance" in which he detailed the bubble of 2000. it was released in mark 2000, the same month the .com bubble burst and the market tanked.

A private money lender or (individual offering hard money loans) may work out of their house on the side and have nothing but their gut and an excel spreadsheet they've built... this is a lot less overhead and they can afford to charge less interest.On the flip side... individual lenders' underwriting of deals can be unpredictable, irrational, and erratic since many times they don't have proven and established guidelines and procedures for lending and evaluating properties... and their available capital can be undependable... both of these can be frustrating to borrowers.Originally posted by @Jeff Rabinowitz:Organizations do not necessarily have more experience than individuals--brand spanking new companies with no experience whatsoever may form at any time.You're absolutely right on this... that's why before using or partnering with an HML you should make sure that they have the experience/expertise that will make it worth your while to borrow from them or partner with them.

@Michael H.Everybody predicts stuff in 2 years because it’s far away that it gives them time not to be immediately wrong and short enough to seem (irrationally) plausible This kind of prediction has been happening for decadesI don’t pay attention to irrational predictions

It's not all their fault - determining what the wholly irrational human animal will do given any particular set of events and circumstances is ridiculously difficult - but no other field could be so wrong, so often, and be able to have others take them seriously.

Sorry to hear that, it's pitiful how we have so many uneducated & irrational thinkers in our city who do things like that.

I think rates will rise and banks will supply MORE capital when they aren't competing with irrational quasi gov-mint entities distorting the market.

However, I was paralyzed with an irrational fear for over 25 years, access to this program helped me conquer that fear.

BP needs to coin a phrase for the opposite of irrational exuberance, where people think real estate is forever bound to fail because an artificial bubble popped a decade ago

Well I own 2M worth of rental real estate and contribute to a 401k.I feel bad for someone that makes irrational moves based on a book.  

If your IRR at the beginning of your hold period is 20%, that will beat the pants off your 10% market gains for a number of years.