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Re: Homes' Mispricing: Straight Lines!
Originally posted by Ed View Post
the dotted lines... so you think home prices revert to the mean 1997 inflation-adjusted price by 2010? hey... that's when johh williams/shadowstats says the hyperinflation kicks in. how will that impact your forecast? -
Re: Homes' Mispricing: Straight Lines!
Originally posted by metalman View Post
A lot of homes will find no buyer if oil price rise to $300 a barrel and wages remain the same.Comment
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Re: Homes' Mispricing: Straight Lines!
agreed... even if the gummit shoves interest rates down to 4% with bond buying by their pals in china et al.Originally posted by touchring View PostComment
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Re: Homes' Mispricing: Straight Lines!
metalman,
First, just to be sure this is clear:
re. the last chart in the page
Real Dow & Real Homes & Personal Saving & Debt Burden
at
http://homepage.mac.com/ttsmyf/RD_RJShomes_PSav.html
For the three real (inflation-corrected) S&P/Case-Shiller Home Price Indices in that last chart, an index’s difference from its inferred "WILL return to" level (54., 49.4, 43.5) is here called “mispricing”.
If higher inflation:
The straight lines extrapolations of real prices remain as is. More inflation than the 4%/yr assumed gets less nominal $ price decreases at mispricing = 0 than I have written.Comment
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Re: Homes' Mispricing: Straight Lines!
Thanks Ed, very helpful.Comment
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