The Housing Roller CoasterBy
TV shows have been created, books written, endless columns of newspaper and magazine articles devoted to the housing bubble. Now, it's Youtube's turn.
I may be late in viewing this, a video depiction of housing prices since 1890 brought to life by a click-clacking roller coaster. I can't vouch for the data, although Professor Robert Shiller's latest edition of "Irrational Exuberance" is credited. It certainly seems like the past few years chug along agonizingly slowly compared to some of the earlier decades, but that could just be because our little engine is huffing and puffing to get to the...top?
Here's the link:
Special thanks to Nancy Sarnoff, real estate reporter at the Houston Chronicle, for the tip.