What If The Real Estate Market Doesn’t Recover?

The real estate market has to recover eventually, doesn’t it? Maybe, maybe not. Blasphemy you say? It really depends on what your definition of “eventually” is. You would be hard pressed to find someone who doesn’t know that there was a stock market crash in 1929. That crash was one of the precursors to the Great Depression of the 1930s. But how many people would know that the stock market’s 1929 peak wouldn’t be reached again for almost 30 years? If you adjusted the peak for inflation that peak wasn’t reached again until the mid-1960s. That’s a pretty long “eventually.”

There are many that feel that the housing market crash may lead to our next great depression. Certainly the politicians are scrambling to find a way to prevent that from happening. They are throwing everything at it that they can think of in the hope that something works. But surely we can’t compare the stock market crash to the housing collapse, can we? It is different isn’t it? Sure it’s different, but in many ways it’s very much the same.

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