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OK here's the Case-Sheller index[1]. Running the examples from before: 1980: 63 (actually for 1987, earliest in the chart) 2001: 110 2022: 305 I'm no econo
by aschearer 4y ago
OK here's the Case-Sheller index[1].
Running the examples from before:
1980: 63 (actually for 1987, earliest in the chart)
2001: 110
2022: 305
I'm no economist so I won't try to interpret these numbers, but if higher is worse then it supports my original point.
[1]: https://fred.stlouisfed.org/series/CSUSHPISA https://fred.stlouisfed.org/series/CSUSHPISA
- hotpotamus 4y agoYep, I'm not disagreeing with your original point, just pointing out that these comparisons have a few variables to consider. At least someone already went to the trouble of creating an index for it.
- aschearer 4y agoIt's true that modern homes may differ from those of the 1980s or 2001, but homes built from those periods are still for sale, and in my experience are commanding prices in line with homes built more recently. I recently toured a home built around the 70s or 80s with few or no updates as best as I could tell. They wanted $550,000. The house was pending last I checked.
- lamontcg 4y agoThat post-pandemic bubble is pretty insane. I didn't realize it went up that quickly. Everyone better buckle up.