Mr Leatherdale, for instance, reckons that even the combination of another Northridge earthquake (which swallowed parts of California in 1994), another Hurricane Andrew (which blew through Florida in 1992) and another 1987-style crash still would not take care of present overcapacity.
Here's some ammunition for your next dinner party conversation: The possibility of a 1990's-style housing crash in Britain just became a bit more real.