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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

Bonus round macro-economics question: What will happen if Miss C., Anita and 500,000 others put their houses up for sale in hopes of cashing in on a forecasted crash?
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I know several people who have done exactly what Miss C has suggested - 4 years ago! They thought it was going to crash way back then already. They've been renting ever since and now they can never afford to get back into the market.
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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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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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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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