Forbes: Housing Woes Hit High End Too

[NotCranky]

I am not sure if this is cruel or not but I want to put bumper stickers on my two modest cars that say. “Don’t laugh the house is paid for”. My better half won’t let me. I bet all the “pigs” would love it though.

Hint for the younger group: There used to be a bumper sticker that you would see on an old beater that said don’t laugh it’ paid for.

[ibjames]

I was having the same thoughts, 2002 was high also, and things should have slowly started to trend down correct? The rates were dropped though, so things shot through the roof.

Sometimes I think CA residents have gotten accustomed to thinking of housing being a high cost. Kind of like gas, we used to balk at paying 2.50, now we cheer if it’s under $3

[ibjames]

I was having the same thoughts, 2002 was high also, and things should have slowly started to trend down correct? The rates were dropped though, so things shot through the roof.

Sometimes I think CA residents have gotten accustomed to thinking of housing being a high cost. Kind of like gas, we used to balk at paying 2.50, now we cheer if it’s under $3

[ibjames]

I was having the same thoughts, 2002 was high also, and things should have slowly started to trend down correct? The rates were dropped though, so things shot through the roof.

Sometimes I think CA residents have gotten accustomed to thinking of housing being a high cost. Kind of like gas, we used to balk at paying 2.50, now we cheer if it’s under $3

[bsrsharma]

How about “I am renting – I sold at the peak”

[bsrsharma]

How about “I am renting – I sold at the peak”

[bsrsharma]

How about “I am renting – I sold at the peak”

[NotCranky]

How about “I am renting – I sold at the peak”

Got bullet proof glass?

[NotCranky]

How about “I am renting – I sold at the peak”

Got bullet proof glass?

[NotCranky]

How about “I am renting – I sold at the peak”

Got bullet proof glass?

[PadreBrian]

cyphire, your graph is what other graphs are saying if you look at the 2002 level on your graph you can see that is the high that should be today’s prices adjusted for inflation. Draw a line from 1900 to 2001 and you can see a natural slow rise in home prices when adjusted to inflation.

It is also figures the fed will keep printing new funny money just to keep the interest rates low..yes this also causes inflation to rear it’s ugly head. This whole market is a mess.

[PadreBrian]

cyphire, your graph is what other graphs are saying if you look at the 2002 level on your graph you can see that is the high that should be today’s prices adjusted for inflation. Draw a line from 1900 to 2001 and you can see a natural slow rise in home prices when adjusted to inflation.

It is also figures the fed will keep printing new funny money just to keep the interest rates low..yes this also causes inflation to rear it’s ugly head. This whole market is a mess.

[PadreBrian]

cyphire, your graph is what other graphs are saying if you look at the 2002 level on your graph you can see that is the high that should be today’s prices adjusted for inflation. Draw a line from 1900 to 2001 and you can see a natural slow rise in home prices when adjusted to inflation.

It is also figures the fed will keep printing new funny money just to keep the interest rates low..yes this also causes inflation to rear it’s ugly head. This whole market is a mess.

[lendingbubblecontinues]

My bumper sticker: “Told you so”

[lendingbubblecontinues]

My bumper sticker: “Told you so”

[Author]

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