Between a Rock and a Living Space;  

Oleh:

[s.n]

Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 398 no. 8723 (Mar. 2011), page 21-22.
Topik: housing
Fulltext: Between a rock and a living space(ros).pdf (23.08KB)

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If there is one chart that captures the madness of the housing bubble in the first half of the 2000s, it is Robert Shiller's index of real (ie, inflation-adjusted) house prices in America. The index goes back to 1890, and for the first 100 years or so prices go up and down but gain very little overall. Then, starting in the late 1990s, house prices pretty much double in real terms within a decade. The run-up in values was not just unprecedented, it was obviously lunatic. That begs an equally obvious question: if no one intervened to pop that bubble, is anyone likely to do so next time round?

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