Impress Your Friends

Safehaven.com has this lengthy piece that describes why house prices are not going to go much higher. Make a copy of this piece and show it to your non-bubble believing friends.


Excerpt…

“Recently, Yale professor Robert Shiller has developed a long-term index of real housing prices for the U.S.1 This index is shown in Figure 1. In my prior discussion of trends in real estate values, I presented a variety of information providing evidence for an 18-year cycle in real estate/land values.2 What was not available to me was national data concerning real estate values over a long period of time.”