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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Mike Johnston who wrote (32913)6/8/2005 4:16:51 PM
From: TradeliteRead Replies (1) of 306849
 
Now that's odd. I could swear the value of my home has increased 100 percent SEVERAL times in the years I've owned it. Where did you get the impression that the latest runup in prices (occurring roughly over the past 5-7 years) has never occurred before?

In fact, the value of my father's house has increased 100 percent MANY times in the years he's owned it (since about 1951).

And calm down, the pendulum might swing back for a while. No need to push the panic button.

<<Population of this country has been increasing for decades, many times at higher rates, without creating 100% increases in housing prices>>
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