SIGNS OF LONG TERM DEVALUATION #REALESTATE 2/4 2008-09 REAL ESTATE PRICE COLLAPSE CHART The biggest difference between 2008-09 and now is that the Real Estate sector is not the driving force behind the economic collapse – it is part of the collateral damage of the COVID-19 virus event related to failed consumer businesses, loss of jobs, disruption to the consumer economy and the destruction of income for many. Yes, for a while, some people will be able to keep things together and “hold on” while hoping the economy comes back to life quickly. Others won’t be so lucky.