Monday, March 23, 2009

The new wisdom...

The beauty of hindsight can be appreciated in the following link....

http://money.cnn.com/galleries/2009/moneymag/0903/gallery.financial_rules.moneymag/index.html

An interesting -- and overlooked -- fact about housing prices in the US... A 2005 analysis by Yale University economist Robert Shiller (of the Case Shiller index) found that real estate appreciation in real (after inflation) terms has been "unimpressive" since 1890 with two spectacular exceptions. The first was the post-World War II boom and the second began in 1998. Guess we know when it ended...

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