bostonbubble.com Forum Index bostonbubble.com
Boston Bubble - Boston Real Estate Analysis
 
 FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups   RegisterRegister 
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 

 
Go to: Boston real estate bubble fact list with references
More Boston Bubble News...
DISCLAIMER: The information provided on this website and in the associated forums comes with ABSOLUTELY NO WARRANTY, expressed or implied. You assume all risk for your own use of the information provided as the accuracy of the information is in no way guaranteed. As always, cross check information that you would deem useful against multiple, reliable, independent resources. The opinions expressed belong to the individual authors and not necessarily to other parties.

US real prices fall to 1999 levels, declines surpass Great D

 
Post new topic   Reply to topic    bostonbubble.com Forum Index -> News & Reference Suggestions
View previous topic :: View next topic  
Author Message
news



Joined: 14 Jul 2007
Posts: 0
Location: Greater Boston

PostPosted: Tue May 31, 2011 5:18 pm GMT    Post subject: US real prices fall to 1999 levels, declines surpass Great D Reply with quote

Use this forum thread to discuss the following link.

Description: US real prices fall to 1999 levels, declines surpass Great Depression
URL: http://www.forbes.com/feeds/ap/2011/05/31/general-financials-us-home-prices_8492 ...truncated...
Info/Broken?: http://www.bostonbubble.com/link_info.php?id=3538

Subscribe to New Links: RSS Feed
Suggest a Link: New Topic
Back to top
View user's profile Send private message Visit poster's website
CC
Guest





PostPosted: Wed Jun 01, 2011 2:43 pm GMT    Post subject: Reply with quote

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.
Back to top
admin
Site Admin


Joined: 14 Jul 2005
Posts: 1823
Location: Greater Boston

PostPosted: Wed Jun 01, 2011 4:27 pm GMT    Post subject: Reply with quote

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.

- admin
Back to top
View user's profile Send private message Send e-mail Visit poster's website
Display posts from previous:   
Post new topic   Reply to topic    bostonbubble.com Forum Index -> News & Reference Suggestions All times are GMT
Page 1 of 1

 
Jump to:  
You can post new topics in this forum
You can reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum


Forum posts are owned by the original posters.
Forum boards are Copyright 2005 - present, bostonbubble.com.
Privacy policy in effect.
Powered by phpBB © 2001, 2005 phpBB Group