The neighborhood is a bit rough, but they seem to be speculating future appreciation due to the proposed Obama Library that is planned to be built nearby. 

It is very rare to see a major correction or "Despair" as your chart would indicate.Remember in the 2008 financial crisis what Obama kept saying, "greatest financial crisis since the great depression".

Jonathan & @Robert Beryl mention the marijuana angle, I think the prohibitions was not debt collections, but rather PayDay-type lenders that Obama warned the banks about dealing with and I think effectively shut those business out of using the Fed Banking system pretty quickly.Really useful topic!

Obama had guards all over about 2 blocks away.

I bought a condo in South Lake Tahoe, CA for that purpose which is currently rented because I can't retire until these politicians decide what they are doing with Obama Care.

"As the mismatch between local and federal policies starts to look more like a collision, economists and housing leaders, including Mark Calabria, a top Trump administration official, and Shaun Donovan, Barack Obama’s HUD secretary, have sounded the alarm.

My wife was now preggers with our third boy, the tattooing economy plummeted in my town, and Obama Care had been enacted.

@Joel Owens I'm not sure how much Trump's plan is going to effect outpatient, but knowing first hand Obama's stuff has been hurting us (my wife and bro-inlaw own outpatient offices).  

The bill would accomplish much of a long-term GOP goal: to revoke the expansive financial regulations passed under President Obama after the 2008 crisis and long protected by Democrats.All of the panel's Democrats voted against the bill, following more 24 hours of contentious debate dragged across three days.

Do you think Obama's Presidential Library will really increase the value of those nearby neighborhoods?