What Is Amok? Or, Housing Amok.: SHORT STORY # 39. Nonfiction series #1 - # 60.

From time to time a real estate housing is running amok. Home prices kept going 3-5-10 times sharply up, then spiraled down. Intoxicated buyers are keeping snapping houses and condos, regardless of price, as if only a sky is a limit. Then suddenly, without any warnings all buyers simultaneously stopped their buying sprees. The result is: real estate dropped into a dead zone. Prices plumed to the original level, or even lower (before the housing amok) and – bankruptcies and foreclosures are ...