California. Circa late 80s to mid-90s. Tough times for the 'ol housing market. Don't remember those rough days? Here's a report that goes back and chronicles the Great Housing Bust of 1988-1997. According to blog LA Land, the story doesn't sound much different than the story underway today. Pull up a chair, listen to your elders.
· The last housing bust [LA Land]
· The Last Great Southern California Housing Slump [Elliot Wave International]