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Latest Boom-Bust Cycle Stirs Feeling of Deja Vu

October 20, 2008

..."By my count, I've seen eight or nine of these cycles since I first started in the industry in 1961," said Stan Ross, chair of the Lusk Center for Real Estate at USC, who has worked as a real estate accountant and consultant. "Each downturn I've seen has a different cause, which often determines how quickly we get out of it."...