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re: Why do the talking heads keep mentioning the 150% run up in the last 4 years
Posted on 8/9/13 at 1:35 pm to 90proofprofessional
Posted on 8/9/13 at 1:35 pm to 90proofprofessional
quote:
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.
Tell me about it. That's what I kept trying to tell people back around 2010, but there are always other factors at play than just overall historical price trends.
The absolute peak in real dollar terms was the winter of 2005-2006, and if the economy was normal right now, then the prices would make sense. It's the faddish nature of the investments, and the fact that higher prices aren't tied to higher employment rates, that is troubling.
1
Posted on 8/9/13 at 1:39 pm to Doc Fenton
quote:
the fact that higher prices aren't tied to higher employment rates, that is troubling.
I concur with this point. However, as TBF said, there is foreign investment, as well as domestic entities who are flush, and looking for a place to park money. These are not as likely to sell in a crash and walk away. However, there is danger if even the rental market weakens due to chronically high rates of unemployment/underemployment - we already have a generation that is living with their parents. This will take 15 or 20 years to reverse.
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