Wednesday, January 28, 2009

Housing prices-to-income ratios

How the hell did no one notice this? From roughly 3.25 to 4.75, most of which came sharply between 2000 and 2006. Gams, were people talking about this? What was the CW on the "why"? How were people justifying this in their head?

1 comment:

GammaBoy said...

Yeah a lot of people saw it, but when everybody is making money, no one wants to hear about it.

I remember the Economist had a special report calling it the big bubble in history. That caught my attention.

Found the link. June 2005. Premium content unfortunately, but it is probably interesting to go back and read the contemporary analysis.