sduuude, from the previous page, I don’t follow the point you are making. I don’t see what any of this has to do with the value of the dollar, which is falling due to our huge budget and trade deficits. I also think gold will rise long term because our price inflation is 5-8% now.
What do you mean with he followed a 4 year line? His line goes back to 1986 to establish a trend.
Do you have any analysis of Shiller’s work? Just curious…
However wage inflation is much less. Adjusted for 2% inflation, wages are flat over that last few years.
I’m also not going to defend the article. It sounds like the author made some incorrect calculations, which offset his estimate by a few percent. I’m betting that he will appreciate you pointing this out, as I did as well.
Regardless of the article, by extrapolating Rich’s chart on income/median house price, I stand by my 50% fall prediction.
