People hoped to have better credit to refinance, or hoped to sell their house at a profit. Or they lost a job.
A false economy is one without LEGS to support it in continuity. In 1929 not enough PROFIT supported sustainability of companies and the value placed upon them. Or no one was there to buy into the pyramid scheme.
Dot Coms had no profits, 2000-2001 fallen economy. PLUS, technology reached SATURATION, until the better came thru the pipelines in 2003-2004. Now, more areas need more Technologies, i.e., faster better computers, other software needs.
Investors/homeowners hope to sell to another for a profit. With no buyers, prices fall. How does SUPPLY/DEMAND affect YOU? thanks
2007-08-30
18:17:06
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2 answers
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asked by
AmoreRose
2