Needless to say the house of cards collapsed and not a single house was built.

Actually, it must have been at the same time we told him about the ceiling collapsing, because I know we lived in it with the 2nd bedroom unusable until we moved outTurned out he scammed us completely. 

Not leaving yet, but see the danger Of Proposition 13 on commercial property being killed and vast number of jobs lost, or the radical Newsom winning the election and getting away with doubling income taxes (Venezula was a wealthy place with oil a few short years ago, now they have problems getting food and toilet paper, so don't think an economic collapse can not happen)   Why?

As i have been saying, decrease supply at a 2X rate to decrease in demand = price increase, not collapse. 

Has there been momentary value impacts, yup, sure has, we just recently went through what was labeled one of the single largest collapses in all of human history in real estate, and all values were recouped in full within 10 years. 

During the housing collapse, I got into REI, and in short order as people thought I was bonkers and couldn't figure what I was doing, swearing of impending financial doom, I simply said "I choose to not participate in a down economy", and it really was that simple, I made a choice.

There was no one event that led to the collapse...it was the perfect storm of many events.  

Otherwise, their investment will collapse.

As we know, that ended in the almost collapse of the entire world's economy.

We had been evicted from our apt, (long story) and I was giving blood on a weekly basis for food money, to the point my veins finally collapsed and I was no longer allowed to give.It was at this point, on one of many sleepless nights, at 3 o'clock in the morning, that an older silver haired investor spoke to me through my television.