An Original Essay from the Northern NJ Real Estate Bubble

Home Prices Do Fall

A Look At The Collapse Of The 1980's Real Estate Bubble

Through The Eyes Of The New York Times

by

James Bednar

Northern New Jersey Real Estate Bubble Blog

http://nnjbubble.blogspot.com

"Home prices never go down," is a quote often heard spoken by real estate agents. It isn't true. Real estate bubbles do exist and they do burst. The after effects of a real estate bubble burst are felt for years afterwards.

Thanks to the online search capability of the New York Times, I was able to compile a list of articles that appeared in the New York Times during the real estate bubble from 1981 to 1988 and then from the resultant crash, from 1989 onwards.

All the readers that have seen the preliminary compilation gave the same remark, "It's like deja-vu."

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