re: Why do the talking heads keep mentioning the 150% run up in the last 4 years

quote:

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I'm just taking note that prices will likely rise to 2008 levels either this summer or next year, and that is definitely a little strange considering how bad the economy has been, and how everyone in 2009 & 2010 kept saying things like "we'll never see prices like we had again for another 50 years."

So it may not be a bubble, but whatever it is, it doesn't look very healthy either.

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well, not to belabor the point, but the peak was a bit before 2008. looking longer-term (the last several months notwithstanding,) i think we're near where we would have been had there been no bubble.



also note that this is with shadow/REI inventories lower than recent years, and alot of older-than-the-norm youngish "households" currently living with families and such.

now, since march or so, i have seen reports of prices and volumes (in BR, for example) in the ranges of +15% year-over-year. that might become a problem if it doesn't get back down to a more normal pace