YBK [Part 5]: Local blogger Mark Kleiman shorts the housing bubble. Our best local columnist, Michael Hiltzik, comments here.

In the interest of full disclosure, I, too, shorted the market three years ago, when I decided to cash in the equity in my Woodland Hills condo. The place had more than doubled in value over three years, we were supposedly on the verge then of a bankruptcy reform measure that would kill the economy, and I couldn't imagine that the bubble could last much longer....