All money made there was on the backs and sweat and tears of many poor souls that lost houses, savings and lives as a result of the melt down collapse. Specualting that someone somehow will lose their life savings... thus making it possible to hedge and take advantage of a dismal situation to make money does not seem to be an honorable method from which to profit. Those actions are as bad or worst than those of the banksters that created the rise and fall in the beginning.

It's not his fault morons were bidding up the price of houses and apartments beyond all reason, then taking out home equity loans against their 'gains' to go on vacations and buy SUVs. He saw an invenstment opportunity and he took it. It's not like he was going to be able to save these financial illiterates from themselves.

I would love to find a way to short the Vancouver and Toronto housing markets. Those posers at the kitty-corner Starbucks on Robson are going to be selling their Harleys and chaps to try and make the payments on their 'investments'. You won't see me shed a single tear for them.

Boo-friggin'-hoo, if you ask me. Next time: do a little 10th grade math and figure out that no crack shack is worth $1M, and no 500 sq. ft. apartment with bums sleeping on the door step should fetch $800/sq. ft.