Much like Bernie Madoff's ponzi scheme, this scheme, with its constant infusions of material that could be libel / slander against skeptic climate scientists, was also doomed to fail from the start, built
on a foundation of sand about its core «evidence» that was pushed by a person who never won a Pulitzer, and whose narratives don't line up right.
You can still go back and you can look
on the Zillow blog and see posts that I wrote, and Stan, who by this point had become our chief economist, wrote
about how it was obvious, in our opinion, that housing was going to crash and that it was built
on the
foundation of sand and there was too much easy credit that had allowed people to buy homes who really couldn't afford them.