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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: J. P. who wrote (21932)7/4/2004 3:25:59 PM
From: ChrisJPRead Replies (1) of 306849
 
Truth is, in most of the country there's no housing bubble. Perhaps the crucial ratio from which economists determine whether housing markets are out of whack is the ratio of home prices to annual income. In most of the country, it is modest, 2.4:1 in Wisconsin, 2.2:1 in Kentucky, 2.9:1 in Illinois.

Only in about 20 metro areas, mostly located in eight states, does the relationship of home price to income defy logic. The bad news is that those areas contain roughly half the housing wealth of the country.

So what this means is ONE HALF OF OUR COUNTRY IS IN A HOUSING BUBBLE !!

Hey in 1999 and 2000, I'll bet less that half the stocks were in a stock market bubble.

But it was still a bubble.

Chris
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