Schiller Price Index
Stumbled upon this graph showing the history of home values, by Yale economist Robert J. Shiller.Unfortunately it is limited to the United States. The graphic depiction of the runaway increase in home prices since 2000, and the probable descent of future values, is amazing.
Thank goodness Topiary needs no home, just a humble, green, leafy canopy of carefully trimmed hedge.
Moo!
Graph courtesy of the Bubble Meter.
posted by The Topiary Cow at
8:25 AM
4 Comments:
I love Professor Shiller, but I'd like to see his index measured in wage units rather than constant dollars. Is Ms Cow now a little happier about the price she sold her house for?
Ah, Gorilla is so wise...wage units indeed have shrunk for most, except the top 10% who have seen a 145% increase...
Actually, Cow never did sell her house. She backed out of the deal, losing the new job in the process, to avoid a catastropic sale at a rip-off price due to unscrupulous realtors.
And now must be content with humble Topiary dwelling, for any chance of new jobs has gone, gone, gone.
Moo!
The stories I've read put the housing bubble largely in other parts of the country, and not around here. My house is on the market right now, and at a price that's not unreasonable (high or low). Thanks for posting this data. I want to review it, along with the book you posted about above.
Cow recommends you just don't sell too fast, or let yourself be pressured by your realtor into selling too cheaply.
Moo!
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