The real estate rollercoaster as an actual rollercoaster
I saw this a few years back, and the data stop in 2006, but in many ways I think it works better that way. This is US data, and we know how the story ended in the US. In the UK I think we’d still find ourselves near the top, but what do I know?
6 Comments
Mike Scott says:
UK house prices may or may not still have some way to fall, but they can’t possibly still be “near the top” as they have already fallen from their peak by 23.5% in real terms (Land Registry average (geometric mean) house prices: November 2007=£186,009, January 2012=£161,545. RPI November 2007=209.7, January 2012=238.)
5th of March, 2012Jimmy says:
Makes me think of those adverts on the tube calling you to invest in gold because of it’s recent precipitous rise in price.
5th of March, 2012Bevan says:
It’s an interesting viewpoint, because going “up” feels forced, difficult and unnatural, while going “down” just happens (gravity and all).
5th of March, 2012Andreas Moser says:
Riding on this rollercoaster, I’ll rather leave my money in the bank. Or spend it right away.
The novel “Parrot and Olivier in America”, set in 1831, already has a beautiful literary explanation of the housing bubble: http://andreasmoser.wordpress.com/2011/01/11/a-literary-explanation-of-the-us-housing-bubble/
5th of March, 2012sanbikinoraion says:
Would have been nice if they had put the years ticking by in the bottom right corner or something.
6th of March, 2012Popup says:
It’s a shame that they put the years ticking by in the bottom right corner where it gets obstructed by the YouTube logo unless you go full-screen. Top-right would have been better.
7th of March, 2012