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news
Joined: 14 Jul 2007
Posts: 0
Location: Greater Boston
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CC
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 Posted: Wed Jun 01, 2011 2:43 pm GMT Post subject: |
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This is simply wrong. They did not have housing price increased 200-250% few years before the Great Depression to begin with, not to mention we have inflation now. Our dollar is getting weaker everyday.
It's still quite expensive. The monthly payment is more reasonable now, but that's because the interest rate is artificially low. |
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admin
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Joined: 14 Jul 2005
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Location: Greater Boston
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| Posted: Wed Jun 01, 2011 4:27 pm GMT Post subject: |
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| CC wrote: | | This is simply wrong. They did not have housing price increased 200-250% few years before the Great Depression to begin with... |
Yes, good point, but that doesn't make their statement wrong, just incomplete. I think it's still a useful comparison, even though greater declines would have justification this time, as you point out.
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