Again I am stealing from Barry Ritholtz, (buy his book so I fell better about stealing so much from his great blog) but this chart is amazing. It is the Case-Shiller home price index going back to 1890. Look at that spike from the mid-90's to 2006. And folks still wonder why there was a crash, and wait for their home value to return to "where it should be"? Ha!
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So, based on this chart, would you argue that folks hold off on purchasing a home until after 2010?
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