He Called the Bust; Now He Sees a Rally for California

Here's a forecast you don't see every day, published in the Finanial Times: Paulson sees California homes rally. 

Whether you believe his specific numbers or not, it's interesting to consider the reasoning of one of the few hedge fund managers who correctly called (and profited from ) the housing bust.  20% increase vs.last year?  Sounds good to me! - David