haha
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
https://www.advisorperspectives.com.../22/fhfa-house-price-index-index-up-1-6-in-q2
I find this very interesting, not least in the question raised by the real price bottoming clearly above its long term base of 100 at the low in 10/1/2011.
It is frequently said that houses "only match inflation" but do not beat it. Maybe so, but this may have changed. I can find no reason to suppose that it hasn't, or could not. Also, an asset that only matched inflation but provided shelter is not half bad, and with even a modicum of judgment the situation is much more positive.
Nevertheless, this cannot inform our judgment as to whether this is a good time to buy a house in a given place or even any place.
Ha
I find this very interesting, not least in the question raised by the real price bottoming clearly above its long term base of 100 at the low in 10/1/2011.
It is frequently said that houses "only match inflation" but do not beat it. Maybe so, but this may have changed. I can find no reason to suppose that it hasn't, or could not. Also, an asset that only matched inflation but provided shelter is not half bad, and with even a modicum of judgment the situation is much more positive.
Nevertheless, this cannot inform our judgment as to whether this is a good time to buy a house in a given place or even any place.
Ha