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Median House Prices: Work vs Gold

By Patrick following x   2018 May 22, 6:55pm 613 views   6 comments   watch   sfw   quote     share    


http://thesoundingline.com/median-home-prices-work-vs-gold/

Both median US Home prices and family income have been rising since 1963, though home prices have outpaced income. To me, the feature that stands out the most in this chart is the ‘bump’ in median home prices that started sometime around 2003, the subsequent decline that started around 2007, and then the rapid climb higher in home prices that we have been experiencing since 2011.


1   mell   ignore (2)   2018 May 22, 7:03pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

It's not a surprise 2003 is around that time when greenspan/bernanke et al fully started inflating the bubble and artificially depressing rates. Nothing inflates better than local goods/assets.
2   Strategist   ignore (3)   2018 May 22, 7:22pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

Patrick says


Something is clearly wrong here:
1. The chart in the same article shows the ratio of home prices to income has increased by 50% since 1964. The above chart from the same article shows a completely different picture. Do the ratios manually, and you will see.
2. The above chart shows an increase of roughly 4 fold from 1986 to 2016. I purchased my first house in 1986 in OC, and it had increased 4 fold in line with OC median home prices by 2016. We all know California and OC median home prices have outperformed the national median home prices.

Conclusion: The article a a fake.
3   Tim Aurora   ignore (0)   2018 May 23, 6:10am   ↑ like (0)   ↓ dislike (0)   quote   flag        

Strategist says
2. The above chart shows an increase of roughly 4 fold from 1986 to 2016. I purchased my first house in 1986 in OC, and it had increased 4 fold in line with OC median home prices by 2016. We all know California and OC median home prices have outperformed the national median home prices.


I roughly calculated the numbers and believe them to be true. Can you please publish your calculations
4   BayArea   ignore (0)   2018 May 23, 6:56am   ↑ like (0)   ↓ dislike (0)   quote   flag        

I wold like to see this same chart localized to the bay area
6   NuttBoxer   ignore (2)   2018 May 23, 10:41am   ↑ like (0)   ↓ dislike (0)   quote   flag        

I like this chart better...





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