[img_assist|nid=6384|title=Shiller Long Term House Index|desc=|link=node|align=center|width=466|height=300]
Pretty sure this has been shown here before, but I thought I would point out that it is now being displayed in the MSM.
The last time prices spiked like this-around 1895, they didn’t catch back up, adjusting for inflation, for about 95 years. At first I thought the argument that housing prices would never reach this point again seemed absurd. The data seems to say otherwise. Could very well be another 100 years before we’re above 2005 levels in Real dollars. Now that’s a longterm investment. Guess those 100 year mortgages Do make sense.
