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The housing bubble part of the infographic made me laugh. Saying we’re in another housing bubble because prices have risen dramatically since the bottom of the
by goodoldboys 9y ago
The housing bubble part of the infographic made me laugh. Saying we’re in another housing bubble because prices have risen dramatically since the bottom of the last crash is laughable. We may very well be, but those numbers are more indicative of a recovery not a bubble, imo. In a lot of markets the median prices still are below what they were at the peak of the bubble 10 years ago, not even factoring in inflation.
We’re probably due for a correction but not related to real estate, though home prices would certainly be affected.
- bitexploder 9y agoIf you smooth out the case shiller over the last 30 years the market on the whole is right where it would have been given typical growth without the crazy manipulation.
- freedomben 9y agoBubbles can be concentrated more heavily in higher growth areas, and there's been a lot of urbanization in the last 10 years, particularly tech heavy areas. I'm not saying I agree with his prediction, but I wouldn't dismiss it because some markets have lagged relative to others.
- Boxbot 9y agoIf housing prices were indeed inflated then there's little difference between a "recovery" and the bubble inflating again (assuming prices didn't crash to something well below reasonable value).
- audleman 9y agoSeattle home prices, which have seen a staggering 9-10% increase year over year, are actually only 20% higher than the peak of the 2007 bubble. That's 2% average growth per year over the last 10 years, which doesn't seem so alarming. Edit: source http://seattlebubble.com/blog/wp-content/uploads/2017/09/Case-ShillerHPI_Decline-From-Peak_2017-07.png http://seattlebubble.com/blog/wp-content/uploads/2017/09/Cas...