CNN's 101 Dumbest Moments in Business

CNNMoney.com published its list of the 101 dumbest moments in business today. Several dealt with real estate, including this one regarding bubble ignorance:

100. Bubble? What bubble? Oh ... that bubble —
In May an Experian-Gallup national survey finds that 65 percent of Americans haven't heard anything about a possible "housing bubble." Another 12 percent have heard "only a little." Indeed, 70 percent expect home prices to keep rising, while only 5 percent think they'll slip. However, when the facets of a housing bubble are described to them, about 40 percent go on to say that the scenario is likely to occur in their area in the next three years.

— The Boy in the Big Housing Bubble