[quote=kewp]Either there was no housing bubble, or, perhaps the price of oil is not the best fundamental measure.

Or, there was inflation that manifested itself in real estate and oil prices?[/quote]

Well you can’t do the math this way, the fact is house prices were increased day by day such a high in 2003 to 2005 period, as oil is no where concerned those days at least the spike in oil is not in the limits of comparision. So the bottom line is if you put ‘oil’ is a variation factor in your math we never able to get this solve.