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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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From: ajtj992/11/2022 2:26:20 PM
   of 97457
 
Gary Shiller throwing shade on housing bulls (however, he leaves out the difference in mortgage rates, which are about 1/3 lower than in 2005):


The median-priced house leaped from 4.2 times median household income in the first quarter of 2019 to 5.6 times median in the fourth quarter of 2021, exceeding the previous record high of 5 times during the fourth quarter of 2005 when the subprime mortgage bubble was in full swing. The National Association of Realtors’ housing affordability index dropped from 180 in the first quarter of 2021 to 151 in the third quarter.
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