Maybe those people buying at “record highs” from 2003 to 2007 weren’t crazy after all. It’s just like riding out the highs and lows of the stock market. This looks almost the same as what my 401(k) did a few years ago.
I’m being slightly sarcastic, but there might be some truth there if the prices stay on the current trajectory.
Thanks for the link to the article.[/quote]
(YMMV for different sub-markets, but that is the aggregate picture)