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Started By
Message
Case Shiller Feb Update
Posted on 4/26/11 at 10:37 am
Posted on 4/26/11 at 10:37 am
2
Posted on 4/26/11 at 11:24 am to kfizzle85
My next door neighbor has an offer pending that is probably going to knock about 10% off the value of my house.
Posted on 4/26/11 at 10:20 pm to kfizzle85
Interesting note on 2011 compared to 1989...
C-S 10-City HPI for August 1989 = 82.08
BLS's CPI-U for August 1989 = 124.6
C-S 10-City HPI for February 2011 = 152.70
BLS's CPI-U for February 2011 = 221.309
total rise in real prices over 21.5 yrs. = 4.74%
We're almost back to real home prices from the 1980s, which according to Shiller's longer-term data, are only a few percentage points higher than what real home prices were in 1979 before the Great Tightening.
C-S 10-City HPI for August 1989 = 82.08
BLS's CPI-U for August 1989 = 124.6
C-S 10-City HPI for February 2011 = 152.70
BLS's CPI-U for February 2011 = 221.309
total rise in real prices over 21.5 yrs. = 4.74%
We're almost back to real home prices from the 1980s, which according to Shiller's longer-term data, are only a few percentage points higher than what real home prices were in 1979 before the Great Tightening.
Posted on 4/26/11 at 10:44 pm to Doc Fenton
quote:
We're almost back to real home prices from the 1980s, which according to Shiller's longer-term data, are only a few percentage points higher than what real home prices were in 1979 before the Great Tightening.
Good..pretty much means the bubble is deflated.
Posted on 4/26/11 at 11:43 pm to Doc Fenton
Best keep that "real" stuff to yourself boy, we don't want no voodoo maths up in this.
Posted on 4/27/11 at 6:21 am to kfizzle85
I see your point. It's better to stick to something solid like gold. In terms of the "true" price of a home in gold bullion, it has dropped by 50.48% in the last 21.5 years.
August 1989 ( LINK) = $365.37/oz.
February 2011 = $1372.72/oz.
August 1989 Index x 1000 = 224.6 ounces of gold
February 2011 Index x 1000 = 111.2 ounces of gold
August 1989 ( LINK) = $365.37/oz.
February 2011 = $1372.72/oz.
August 1989 Index x 1000 = 224.6 ounces of gold
February 2011 Index x 1000 = 111.2 ounces of gold
Posted on 4/27/11 at 9:31 am to Doc Fenton
Clearly the solution to housing problems is to build houses out of gold.
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