Property Cycle Phases
The property cycle follows a predictable pattern as sure as night follows day. This pattern reveals three distinct phases being Boom followed by Slump followed by Recovery before the next Boom commences etc. The property cycle (unimpeded) will always follows this pattern so a Boom cannot precede another Boom without first experiencing a Slump followed by a Recovery before the next Boom can arrive. The property cycle must have a 'free market' where property ownership is attainable by citizens without, significant government restrictions on ownership or, any form of monopoly.
The following is an overview only of some of the elements evident in each of the property cycles phases.
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Famous quotes containing the words property, cycle and/or phases:
“Abscond. To “move” in a mysterious way, commonly with the property of another.”
—Ambrose Bierce (1842–1914)
“The cycle of the machine is now coming to an end. Man has learned much in the hard discipline and the shrewd, unflinching grasp of practical possibilities that the machine has provided in the last three centuries: but we can no more continue to live in the world of the machine than we could live successfully on the barren surface of the moon.”
—Lewis Mumford (1895–1990)
“That man is to be pitied who cannot enjoy social intercourse without eating and drinking. The lowest orders, it is true, cannot imagine a cheerful assembly without the attractions of the table, and this reflection alone should induce all who aim at intellectual culture to endeavor to avoid placing the choicest phases of social life on such a basis.”
—Mrs. H. O. Ward (1824–1899)