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kdakota630 (29.76)

Peter Schiff’s Article on TheStreet.com: Housing's Big Picture Isn't Pretty

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May 22, 2009 – Comments (8)

While economists and real estate investors "celebrate" the slight deceleration in the pace of home price declines in the recent data, a quick look at home price trajectories over the past 100 and 50 years reveals little to cheer about and much to be feared.

More significant than small month-to-month changes is the flow of home price patterns over decades. In his book Irrational Exuberance, Robert Shiller determined that in the 100 years between 1900 and 2000, home prices in the U.S. increased by an average of about 3.4% per year. These figures have not been adjusted for inflation. If they had, home prices would have outpaced inflation by only the slimmest of margins.

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8 Comments – Post Your Own

#1) On May 22, 2009 at 5:35 PM, kdakota630 (29.76) wrote:












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#2) On May 22, 2009 at 5:51 PM, JIMRH1 (< 20) wrote:

With there being so many self proclaimed experts on the fool.com website, it's nice to see what the real experts have to say about current and forward market valuations.

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#3) On May 22, 2009 at 6:10 PM, portefeuille (99.60) wrote:

... , it's nice to see what the real experts have to say about current and forward market valuations.

The real experts? Which one of those is a real expert?

 

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#4) On May 22, 2009 at 6:16 PM, ciahomia (< 20) wrote:

Listened to Peter Schiff's comments on this video, I feel so damn sorry for the other three, how the hell do we have them here in the US, they poluted the US with F....ing no brain people...

how can they be a commentator without a basic knowledge of supply and demand... give me a break people.....geez....

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#5) On May 22, 2009 at 7:22 PM, semper77 (32.83) wrote:

Wow, talk about people who never learn.  Haven't these commentators ever heard of YouTube?

 

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#6) On May 23, 2009 at 12:58 AM, Bays (30.12) wrote:

Wow... kdakota, you have sky rocketed up in points.

Good job.

 

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#7) On May 23, 2009 at 10:28 AM, kdakota630 (29.76) wrote:

Thanks, Bays.  I got lucky making some green-thumb calls at the right time.

Now if only some of my terrible red-thumb calls would turn around.

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#8) On May 23, 2009 at 3:29 PM, Bays (30.12) wrote:

Haha I feel ya on that one. 

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