-2-
Prior to This Decade, Housing Had Been a Stable Investment,Increasing at Less Than
½
of 1% Per Year After Inflation…
Source: Robert J. Shiller,
Irrational Exuberance
, Princeton University Press 2000, Broadway Books 2001, 2nd edition,2005, also
Subprime Solution
, 2008, as updated by the author at http://www.econ.yale.edu/~shiller/data.htm
100120140160180200220Real Home Price Index(1890=100)
Trend Line
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