Seattle Bubble Forum Archive

That actually doesn't surprise me at all, but it's interesting to see it laid out like that. Just put logic to it: If housing consistently shot up greater than the inflation rate, like the bulls say it does, then we'd have reached unaffordability a loooong time ago. Inflation compounds just like any other interest based annuity, and it would've quickly reached a point where virtually everyone was PRICED OUT FOREVER.