Originally Posted by MasterBlaster
Looking at the charts you showed it looks like inflation has been constant since 1970.
Inflation line is smoother than I* expected - but if you go to the link of the base data - you can see inflation rates over the years that vary from 1% to over 10%
The graphs show housing prices have a "very scary departure" from the long term historical trend line. I don't buy the, "this time it is different" argument.
If I were "between houses", I would rent for awhile, if practical.* *If prices do not fall, they will at least "go sideways" for a number of years -- being "out of the housing market" right not does not present a lot of downside risk of missing appreciation gains.