This document discusses real estate cycles and opportunities for capital gains. It notes that real estate prices in California have historically cycled every 8-12 years since World War 2. The best times to buy are at market bottoms when prices and interest rates are low and inventory is high, as was seen in 2010 and may occur again after 2009. An example is given of a 40 acre property in Joshua Tree that increased 1900% in value over 43 months. Contact information is provided for those seeking more information.