More money than anyone imagined: an explanation for why the bubble never burst

Re:More money than anyone imagined: an explanation for why t... by sfkdjf9j3j on Friday July 26, 2019 @03:59PM (#20537895)

The vast majority of people live in, and the vast majority of economic activity takes place in, major urban areas. So yeah, housing inflation is very relevant.

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Re:More money than anyone imagined: an explanation for why t... by nostromo on Friday July 26, 2019 @04:02PM (#20537923)

And all of those sales are included in the link I provided, which shows that housing has gone up 13% nationwide since the peak twelve years ago.

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Re:More money than anyone imagined: an explanation for why t... by runT1ME on Saturday July 27, 2019 @04:09AM (#20540979)

Housing going up 13% means most homeowners made over 60% return on their money.

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Re:More money than anyone imagined: an explanation for why t... by YeahSureWhyNot on Friday July 26, 2019 @08:35PM (#20539579)

considering the fact that in all metro areas housing prices have almost doubled, I'm curious in which parts of the country the housing prices decreased by half to reach the 13% average increase

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Re:More money than anyone imagined: an explanation for why t... by sbjustin on Friday July 26, 2019 @09:04PM (#20539716)

Washington DC has for one not doubled. I'm not sure you're statement is accurate.

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Re:More money than anyone imagined: an explanation for why t... by refurb on Friday July 26, 2019 @05:43PM (#20538616)

There are plenty of urban areas that haven't seen drastic increases in home prices.

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Re:More money than anyone imagined: an explanation for why t... by lettergram on Friday July 26, 2019 @07:32PM (#20539240)

Some have even seen a decrease. Chicago has just made it back to peak 2008 level:

https://www.trulia.com/real_estate/Chicago-Illinois/market-t...

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