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Yankee

Be Warned: Mr. Bubble's Worried Again

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Sorry if someone has already posted this. I've been traveling, so haven't kept up with all you prolific HPC posters during the past few days.

http://www.nytimes.com/2005/08/21/business...664b067&ei=5070

But Mr. Shiller has unearthed some rare historical housing data for other countries. Using old classified advertisements, he was then able to fashion a chart for the United States that goes back to the 19th century.

It all points to an unavoidable truth, he says. Every housing boom of the last few centuries has been followed by decades in which home values fell relative to inflation. Over the long term, the portion of income that families spend on their shelter stays about the same.

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"Over the long term, the portion of income that families spend on their shelter stays about the same. "

But... surely... it's different this time! :lol:

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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