Rich is the most analytical and accurate real estate forecaster in the U.S., IMO. Nobody else has made any charts like his. I wonder how he came up with the idea of charting price/income. He could also have done price/rents, which is the usual metric quoted by economists. But even those guys with the price/rent metric have not made any graphs showing the data back several decades.
The piggington price/income chart is the most powerful picture of our current situation. I took one look at that, and decided it was time to sell. Thank goodness my husband was ready , too.
I will forever owe my decision to sell my house, to the excellent information that was provided by Rich Toscano. And remember, back when he did all this work, the real estate frenzy was still in full force. He was a true contrarian. And he ‘s not only smart, he’s very nice too. I met him at the piggington meetu-up. And he has the most beautiful wife.
