Tuesday, April 19, 2011
OK, Now I Am Depressed
Here's a graph from the Yale economist, Robert Schiller, showing home prices adjusted for inflation since 1890. The projection at the end suggests that the housing bubble we have been in still has a way to fall before it gets back to historical norms. Great! For those of you who took out a bunch of home equity... bon appetit! You're underwater!
Luckily, I'm healthy enough to work until I'm, oh, eighty or so.