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16 years ago

18-years house market cycle
18-years house market cycle

I recently read a book "Boom and Bust" by an author that wrote another book about 20 years ago which predicted 1992 recession. In his new book, he is predicting that we will have another recession in 2010. What's his reason? He explained about the average 18-year cycle that exists in the last 200 years of historical data. I agree with his argument in the book, in another word, people should be careful in buying houses now days, especially if you need to stretch out to do that. Anyone familiar with the book or topic are welcome to comment.