Below is a chart of housing prices in a number of regions over the long term (i.e. 10, 15, and 20 year periods). As can be seen, changes in the price have been widely varied by city and a number actually appear "cheap" relative to the 20 year inflation rate of 2.5%. Interesting (to me) is that while a lot of markets still appear to be extended over 10 and 15 year periods, prices look quite reasonable over a 20 year period.
Source: S&P / BLS
Thursday, September 16, 2010
Housing over the LONG Term
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Dude, in the long term we are all dead! So said Keynes himself.
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