I was working as a reporter here in Charleston - after having moved from Laguna in part because of insane real estate prices. I very specifically remember doing some research on the R/E market here and told my wife, 'we really should not buy yet. There's no way this city's economy can support these valuations.' So we waited, and were, as a result, able to afford a house on the water near the beach in a killer surfer neighborhood after the sh!t hit the fan. It was plain as day to me. I wish I'd known about Credit Default Swaps at that time. I remember thinking to myself - I wish there was a way to invest in something that bets against all this craziness. But of course, I had no clue how to do that.