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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Elroy Jetson who wrote (25892)12/12/2004 10:05:02 PM
From: Mike JohnstonRead Replies (2) of 306849
 
Rail traffic was interrupted completely for two weeks. It was widely agreed that this two week interruption in the arrival of potential buyers is what triggered the collapse of real estate prices.

Very plausible explanation. Still at some point every potential buyer would have already bought, thus the supply of potential buyers would have exhausted itself without any specific catalyst.

Today, a two week interruption in the supply of credit or tightening of lending standards would have the same effect as that railway disaster.
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