https://www.economist.com/blogs/graphicdetail/2016/08/daily-chart-20 There are 5 simple charts on the page. Naturally can't predict future, but looking at how prices skyrocketed, while incomes did not. How the chart shows a huge bell curve. I have a feeling that next price reduction is coming in a few years. Maybe nothing crashing, but the bell should start curving back down soon I think, like 2 more years?
Feels like a serious problem these days. I talk to a lot of folks who are paycheck to paycheck because of high rents. Sure they can move to a cheaper area, but there are no jobs, and jobs they can get there will be under same circumstances. A lot of people seem to live in Palmdale and commute to LA for jobs just to not spend all income on housing.
There are 5 simple charts on the page. Naturally can't predict future, but looking at how prices skyrocketed, while incomes did not. How the chart shows a huge bell curve. I have a feeling that next price reduction is coming in a few years. Maybe nothing crashing, but the bell should start curving back down soon I think, like 2 more years?
#housing
#shacks