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We've Done This Before, Did We CARE Last Time?

Started by needsadvice
about 15 years ago
Posts: 607
Member since: Jul 2010
Discussion about
So if you look at this graph (courtesy our friend, Mr Gloomy Shiller) you can see we've done this RE boom and bust a few times: http://www.nytimes.com/imagepages/2006/08/26/weekinreview/27leon_graph2.html?scp=2&sq=historical%20housing%20prices%20index%20graph&st=cse The question is, how much attention did we pay to home prices that last few times around? Did people know if their homes were... [more]
Response by steveF
about 15 years ago
Posts: 2319
Member since: Mar 2008

needsadvice..IMO, your average Joe still doesn't really care. The only ones who are concerned are the first time buyers, the retirees and since real estate is local those relocating out of state say. Other than that it's sell.....low/buy low.....sell high/buy high. Most people just consider it a wash. The news media just gets annoying to people after awhile and they just change the channel.

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Response by jordyn
about 15 years ago
Posts: 820
Member since: Dec 2007

I'm baffled that you can look at that graph and say "oh, we've been through this before". The biggest previous boom, coming out of the GREAT DEPRESSION, was a ~55% run up in prices, as compared to a ~90% run up in prices in the 90s/00s boom.

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Response by w67thstreet
about 15 years ago
Posts: 9003
Member since: Dec 2008

FLMAOzzzzz. Stevef admits his re investment is a wash and hopes the media stops reports how much of a 'wash' it is.

If you don't stare at the growing mole on your penis it'll go away. Just like the man that was banging your wife... If you dont look eventually he will leave.

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Response by somewhereelse
about 15 years ago
Posts: 7435
Member since: Oct 2009

Funny, w67, you hit the nail on the head.

America's 50 year love affair with RE is over. At least Steve has stopped trying to deny it, and has improved to just ignoring it...

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