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hugo
ParticipantThanks Cricket. Here’s a NYTimes graphic that I linked on another thread (go the the second graphic). Like your graphs, it shows we are not yet back down to the tops of the previous housing upticks in the 70’s and 80’s.
hugo
ParticipantThanks Cricket. Here’s a NYTimes graphic that I linked on another thread (go the the second graphic). Like your graphs, it shows we are not yet back down to the tops of the previous housing upticks in the 70’s and 80’s.
hugo
ParticipantThanks Cricket. Here’s a NYTimes graphic that I linked on another thread (go the the second graphic). Like your graphs, it shows we are not yet back down to the tops of the previous housing upticks in the 70’s and 80’s.
hugo
ParticipantThanks Cricket. Here’s a NYTimes graphic that I linked on another thread (go the the second graphic). Like your graphs, it shows we are not yet back down to the tops of the previous housing upticks in the 70’s and 80’s.
March 15, 2009 at 11:42 AM in reply to: Slow decline or is a big chunk about to be ripped out? #366449hugo
ParticipantThis article in today’s NY Times has an interesting graphic on inflation adjusted house prices (resale). It shows we are not yet down to the peaks of the 70’s and 80’s housing upticks. That’s right, not even back to the peaks of previous bubbles. That’s insane. If you take 110 as the post-war mean, then prices need to drop ~ 20% more to revert to the mean.
March 15, 2009 at 11:42 AM in reply to: Slow decline or is a big chunk about to be ripped out? #366740hugo
ParticipantThis article in today’s NY Times has an interesting graphic on inflation adjusted house prices (resale). It shows we are not yet down to the peaks of the 70’s and 80’s housing upticks. That’s right, not even back to the peaks of previous bubbles. That’s insane. If you take 110 as the post-war mean, then prices need to drop ~ 20% more to revert to the mean.
March 15, 2009 at 11:42 AM in reply to: Slow decline or is a big chunk about to be ripped out? #366902hugo
ParticipantThis article in today’s NY Times has an interesting graphic on inflation adjusted house prices (resale). It shows we are not yet down to the peaks of the 70’s and 80’s housing upticks. That’s right, not even back to the peaks of previous bubbles. That’s insane. If you take 110 as the post-war mean, then prices need to drop ~ 20% more to revert to the mean.
March 15, 2009 at 11:42 AM in reply to: Slow decline or is a big chunk about to be ripped out? #366939hugo
ParticipantThis article in today’s NY Times has an interesting graphic on inflation adjusted house prices (resale). It shows we are not yet down to the peaks of the 70’s and 80’s housing upticks. That’s right, not even back to the peaks of previous bubbles. That’s insane. If you take 110 as the post-war mean, then prices need to drop ~ 20% more to revert to the mean.
March 15, 2009 at 11:42 AM in reply to: Slow decline or is a big chunk about to be ripped out? #367051hugo
ParticipantThis article in today’s NY Times has an interesting graphic on inflation adjusted house prices (resale). It shows we are not yet down to the peaks of the 70’s and 80’s housing upticks. That’s right, not even back to the peaks of previous bubbles. That’s insane. If you take 110 as the post-war mean, then prices need to drop ~ 20% more to revert to the mean.
hugo
ParticipantUsing all of 2008 is a little misleading. Also, the places where the price is holding up also show a decrease in sales.
hugo
ParticipantUsing all of 2008 is a little misleading. Also, the places where the price is holding up also show a decrease in sales.
hugo
ParticipantUsing all of 2008 is a little misleading. Also, the places where the price is holding up also show a decrease in sales.
hugo
ParticipantUsing all of 2008 is a little misleading. Also, the places where the price is holding up also show a decrease in sales.
hugo
ParticipantUsing all of 2008 is a little misleading. Also, the places where the price is holding up also show a decrease in sales.
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