The Yale economist Robert Shiller has indexed American housing prices going back to 1890.
You know how people like to say that such-and-such experience “was a real roller-coaster ride”?
Well, the blogger Richard Hodge at SpeculativeBubble.com wanted to see if housing prices really were a roller-coaster ride. So he plotted Shiller’s inflation-adjusted index onto a roller-coaster video ride. It is pretty fantastic.
(Hat tip: Matthew Fogarty)
and 
. You can also watch it on 
Josef: It was made with Roller Coaster Tycoon 3 (it was stated at the end of the video)
I want to ride on such a roller coaster btw… 4 mins of pure rush of adrenaline.
Josef: It was made with Roller Coaster Tycoon 3 (it was stated at the end of the video)
I want to ride on such a roller coaster btw… 4 mins of pure rush of adrenaline.
There’s a huge flaw in this analysis; if he’s using the standard inflation index that the BLS releases, those include the price of housing as a major part (something like 30% of the total index) of that index.
There’s a huge flaw in this analysis; if he’s using the standard inflation index that the BLS releases, those include the price of housing as a major part (something like 30% of the total index) of that index.
I saw this a couple of weeks ago and thought it was pretty cool. It reminded me of the Douglas Admas book Dirk Gently’ Holistic Detective Agency in which a character previously struck it rich by creating software to translate corporate profit numbers into music. The better sounding the music, the better the company was doing.
I saw this a couple of weeks ago and thought it was pretty cool. It reminded me of the Douglas Admas book Dirk Gently’ Holistic Detective Agency in which a character previously struck it rich by creating software to translate corporate profit numbers into music. The better sounding the music, the better the company was doing.
A couple of thoughts. Last time I saw a graph like that was the Nasdaq back in 2000. But it is interesting to wonder by how much specific markets (New York, San Fran) are driving up the national average.
Also seems like the government will be hard pressed to more strictly regulate mortgage lending if/when this goes south.
A couple of thoughts. Last time I saw a graph like that was the Nasdaq back in 2000. But it is interesting to wonder by how much specific markets (New York, San Fran) are driving up the national average.
Also seems like the government will be hard pressed to more strictly regulate mortgage lending if/when this goes south.