“Everyone’s talking about the real estate market coming back in 2009,” said Robert Simpson, chief executive of Investors Mortgage Asset Recovery Co. in Irvine. “We’re not coming back anywhere near 2009. It took about five years for this market to build up, and it’ll take five years to come down. ”
Although I think it’s a reasonable (but a but weak on details) article this guy cannot add.
OK, so the market peaked in 2005, add five years you get what ?
2010. That is somewhere close to 2009. Can this guy not add ?
