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The timeline you described has events separated by 40 or more years. I cannot practically plan my life around events separated by almost half a generation.
by jared314 13y ago
The timeline you described has events separated by 40 or more years. I cannot practically plan my life around events separated by almost half a generation.
- tomkarlo 13y agoI chose a few events from a 300 year history. There are lots of micro cycles - if you note from the article, current prices are only returning to previous highs from 2007. So in just 6 years we've gone through a cycle.
- jared314 13y agoThe previous highs from 2007 were real estate bubble prices. I don't consider a return to over-inflated prices a rebound. Is your point that everything is a cycle, or that SF will rebound after this new bubble?
- tomkarlo 13y agoWhenever you return to a previous high, it was a bubble / peak. Because otherwise it wouldn't now be a "previous high". That doesn't mean the new price is a bubble or not - it's just inherent in the definition of the term. The 2000 peak was a big "previous high" too, and yet even in the depth of the last 2007-2012 cycle, prices didn't drop below that level. SF prices 1996-Mar 2013 http://my.paragon-re.com/Docs/General/SixtyFortyImages/Case-Shiller_HT_1996-2011.jpg http://my.paragon-re.com/Docs/General/SixtyFortyImages/Case-...