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> I'm not clear on when the house as investment began. https://fred.stlouisfed.org/series/OEHRENWBSHNO https://fred.stlouisfed.org/series/OEHRENWBSHNO :)

• sillysaurusx 5y ago
  Good lord, that graph looks far scarier than the 2008 bubble.
  • arcticbull 5y ago
    It probably shouldn't, that's total real estate equity - not real estate equity per capita, and it doesn't look like it's even adjusted for inflation? You can make any graph look scary if you try hard enough haha.
  • wahern 5y ago
    Among OECD countries, the United States is mostly middle of the pack. See https://www.oecd.org/officialdocuments/publicdisplaydocumentpdf/?cote=ECO/WKP(2019)58&docLanguage=En https://www.oecd.org/officialdocuments/publicdisplaydocument... IOW, these trends are basically global, not specific to the U.S. (Americans always think they're exceptional....) For example, the U.S. is slightly below average in mortgage debt-to-income. One of the few places that the U.S. stands out is the percentage of home owners--we're second from the top at 40-50%.
• bagels 5y ago
  Needs log scale. Inflation is exponential.
  • wtallis 5y ago
    It might also (or instead?) need to be expressed on a per-capita/per-household basis: the portion of growth in that graph that is merely the result of the country having higher population doesn't represent any change in the importance or value of home equity to an individual household.
    • em500 5y ago
      The great thing about FRED graphs is that you can easily DIY with the "Edit Graph" button: in log scale: https://fred.stlouisfed.org/graph/?g=ImYV https://fred.stlouisfed.org/graph/?g=ImYV divided by households: https://fred.stlouisfed.org/graph/?g=ImZ1 https://fred.stlouisfed.org/graph/?g=ImZ1
  • deleted 5y ago
    [deleted]