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Home › Forums › Financial Markets/Economics › Debate: House prices will not reach their bottoms until › SK in CV wrote:I was there.

December 18, 2012 at 9:46 PM #756626
an
Participant

[quote=SK in CV]I was there. prices were flat in the early 70’s. then they rose.

Robert Schiller remembers it too.

http://calculatedriskimages.blogspot.com/2011/05/shiller-real-house-prices-ny-times.html%5B/quote%5D
First, what you’re saying is, data is wrong and your memory is better?

Secondly, that chart you’re showing from Robert Schiller is inflation adjusted. That’s a HUGE difference. I was talking about nominal prices. I could have sworn we were talking about price dropping when rate rises. Which mean nominal price dropping. Not price rising slower than CPI.