Real Estate Cycle Time
I've been meeting with a client who is a financial trader, and he has been educating me on market cylces for everything. Bonds, stocks, gas, natural gas, etc. He believes that by reading graphs, you can predict where the market will go within the next X number of years.
and he thinks we're near the fear stage. His prediction is that values fall another 20-30% before they hit the bottom, which he believes will be 2016. He thinks the next peak will be around 2032. This is based off the 17 year cycle of the stock market.
From his theory, he believes that stocks will drop / raise first, and then real estate follows 3-4 years after.
Your thoughts?