Sunday, August 03, 2008

LA Times: no bottom yet for housing

The article Should You Buy A House Now? runs with the figure below, which pretty much summarizes the situation. They should have printed these statistics repeatedly in 2003, 2004, 2005, 2006, 2007 together with patient explanations of what price to income and price to rent ratios mean. Maybe that would have slowed down the bubble. Then again, maybe not :-(

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