Real Estate Roller Coaster


This video of a roller coaster ride was constructed using data from American housing prices over the last 117 years. Push play or go to Google Video. The graph used to plot the video can be found at Speculative Bubble. Link -via Simply Left Behind

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Buying now IS throwing your money away This whole thing has been due to the easy credit. That's over. Prices will crash and it's likely that homes never recover their current value (adjusted for inflation, obviously). Have you ever thought what will happen when the peak oil arrives?
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Carl,
You won't be throwing your money away especially if you're in your home for a few years. These things go in cycles just as the video suggests. Hang in there! There are good deals to be had in real estate right now.
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My wife and I are going to be buying our first home this year. I'm terrified of throwing money away, but the market seems to be swinging in favor of buyers - at least in Rochester, NY.
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Check out Twaggies' very funny clip:

Tech Fails - Twaggies by Twaggies
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