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May 01, 2012 at 15:54 PM EDT
U.S. house prices won’t recover?
Jack Hough at used the following chart to show the history of U.S. house prices after inflation adjustment: The key message here is that: But consider: After subtracting for inflation, (house) prices are also back to 1986 levels. And 1955 levels. And 1895 levels. That’s because the natural rate of price appreciation for houses [...]
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