WSJ article says prices must continue down…but I am not a subscriber so I couldn’t see the whole article..
But the point is shown in this graph:
[img_assist|nid=6342|title=Home_prices_v_rent|desc=|link=node|align=center|width=338|height=500]
Home Prices Must Fall Far To Be In Sync With Rents
By Greg Ip (WSJ)
Word Count: 417
U.S. house prices “likely would have to fall considerably” to return to a normal relationship with rents, says a study by one former and two current Federal Reserve economists.
The study, which doesn’t necessarily reflect the views of Fed policy makers, suggests prices would have to fall 15% over five years, assuming rents rose 4% a year. House prices would have to fall further if the adjustment took place more quickly.
The study tracks rents and home prices back to 1960 and found annual …
Why not feed the troll? I put my cutting remarks to an anonymous person and my secretary gets someone who’s all mellow.
Pretty much some profanity on the road during rush hour and a nice acerbic post on a forum and I’m then incredibly nice to my co-workers. Works for me.
Why not feed the troll? I put my cutting remarks to an anonymous person and my secretary gets someone who’s all mellow.
Pretty much some profanity on the road during rush hour and a nice acerbic post on a forum and I’m then incredibly nice to my co-workers. Works for me.
Why not feed the troll? I put my cutting remarks to an anonymous person and my secretary gets someone who’s all mellow.
Pretty much some profanity on the road during rush hour and a nice acerbic post on a forum and I’m then incredibly nice to my co-workers. Works for me.
Why not feed the troll? I put my cutting remarks to an anonymous person and my secretary gets someone who’s all mellow.
Pretty much some profanity on the road during rush hour and a nice acerbic post on a forum and I’m then incredibly nice to my co-workers. Works for me.
Why not feed the troll? I put my cutting remarks to an anonymous person and my secretary gets someone who’s all mellow.
Pretty much some profanity on the road during rush hour and a nice acerbic post on a forum and I’m then incredibly nice to my co-workers. Works for me.
WOW! Reading these very unhappy posts sure makes me glad we bought all of our San Diego properties waaaaaaay before 2000! At least 80% of San Diego homeowners would never consider paying the exhorbitant rents OR mortgage payments OR property taxes that have been referenced here.
Talk about stupid!!
WOW! Reading these very unhappy posts sure makes me glad we bought all of our San Diego properties waaaaaaay before 2000! At least 80% of San Diego homeowners would never consider paying the exhorbitant rents OR mortgage payments OR property taxes that have been referenced here.
Talk about stupid!!
WOW! Reading these very unhappy posts sure makes me glad we bought all of our San Diego properties waaaaaaay before 2000! At least 80% of San Diego homeowners would never consider paying the exhorbitant rents OR mortgage payments OR property taxes that have been referenced here.
Talk about stupid!!
WOW! Reading these very unhappy posts sure makes me glad we bought all of our San Diego properties waaaaaaay before 2000! At least 80% of San Diego homeowners would never consider paying the exhorbitant rents OR mortgage payments OR property taxes that have been referenced here.
Talk about stupid!!
