Saturday, December 20, 2008

What comes up

This figure, from this article, is really quite impressive.

I think that my expectation that housing prices would return to their 2000 levels, and could fall as fast as they came up will not be far from the truth. The only thing I am surprised at is they seem to be falling faster than they came up. Oh well, no one in their right mind will buy into the idea of real estate being the ideal investment for a few years so if I can just get a job and start saving I will be in good shape to buy right at the bottom.

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