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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: sammaster who wrote (3606)7/26/2002 10:43:10 AM
From: Elroy JetsonRespond to of 306849
 
The 69% price decline in real estate during the depression took place over a 3 to 4 year period. This is roughly the same period of time required for the post 1989 price decline in Los Angeles, although the price decline was roughly half that of the 1930s.

The duration of the decline would seem to be a function of human psychology, while the size of the decline depends on underlying economics (ie local deflation of demand).


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