Historical Home price index
Has anybody seen this index by Shiller, a Yale Economist?
It is pretty amazing that from the hieght in 1897, it took 86 years to get back up close to the same level of real home prices. That is a long time to wait for an investment to break even. and to see the drops after the rise really frightens me after looking at the last sky rocket since 1997. The longest run up has been this last one from 1997 to present, of 10 years. The longest prior to that was 8 years from 1932-1940.
What this looks like is that this sky rocket has lasted way too long and gone way too high. but I guess that is all what we are saying here. The million dollar question is whether the drop will be equitable to the rise. A very scary thought.
It is pretty amazing that from the hieght in 1897, it took 86 years to get back up close to the same level of real home prices. That is a long time to wait for an investment to break even. and to see the drops after the rise really frightens me after looking at the last sky rocket since 1997. The longest run up has been this last one from 1997 to present, of 10 years. The longest prior to that was 8 years from 1932-1940.
What this looks like is that this sky rocket has lasted way too long and gone way too high. but I guess that is all what we are saying here. The million dollar question is whether the drop will be equitable to the rise. A very scary thought.
Comments
Maybe there is a link between housing prices and global warming.
Can a 200 year period with fairly stable world population growth (even decrease) have much relevance with where we are now? Is there any way to factor in the meteroric population growth and expectations of the last 50 years and the upcoming 50?
bob