That's it. I'm done even mentioning the housing market at work. I was at lunch with coworkers today (fellow teammates I work with every day who know my stance on the current market) and one of them mentions he's planning to buy a house this winter. As just another part of the conversation, I started to relate the issues I've heard about people failing to get financing without stellar credit and a large downpayment. I was literally cut off mid-sentence by a dismissing wave of the hand and glares that implied I was a nutjob spouting his housing market doom and gloom again.
There's nothing to be gained by trying to give my point to view to people don't want to hear it, so I'm done with it. I fear he's in for a sad realization, hopefully before he takes on a huge mortgage.