Based on previous real estate down-turns in California, the bottom of the real estate market should be about 2011.
The remarkable similarity in duration from cycle to cycle suggests this is a factor of human behavior rather than other factors.
A President Obama has suggested a program of infrastructure projects, which will of course create jobs. Ken Heebner bet on this far too early and is in a loss position as a result.
Who knows what a President McCain would suggest. A war?
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