Archive for May, 2010
Too Pig to Fail
May 30
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I read a lot that housing prices will start to fall further as interest rates begin to rise, which, in the surface, makes sense. However, if one looks at the Case-Shiller house price index (adjusted for inflation), house prices did NOT drop much in the late 1970’s when mortgage rates were approaching all time highs near 20%.
How can this be?
submitted by dmm219
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