The Housing Crisis
It’s Not What You Think
The price of housing is a two edged sword: When high, it’s good for the seller, when low it’s good for the buyer. Much has been made of the current lending crisis, which is actually not anywhere near so much about the cost of houses, but about the cost of the money used to buy the houses.
Punaro has a wonderful illustration of the cost of housing since 1890. It may be very contrary to your perceptions.
And gee – I never realized how bad the recession of the 1890s was. That was the recession blamed on the infamous “Robber Barrons”.
WordPress does not allow embedded videos (for security reasons), else I’d have presented the video directly.
Please note that the dates are shown intermittently in the lower right hand corner.