National Association of Realtors chief economist David Lereah published his latest sky-is-the-limit book, Why the Real Estate Boom Will Not Bust - And How You Can Profit from It.
Within months, U.S. house prices peaked after a decade-long runup, beginning a descent that would wipe trillions of dollars off Americans' net worth and nearly bankrupt the global financial system.
The housing bust came just months after Lereah branded housing-boom skeptics such as Yale professor Robert Shiller "chicken littles." Bock, bock.
NEXT: July 8, 2007: Save the last dance for Chuck