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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Elroy Jetson who wrote (77875)4/17/2008 7:01:30 PM
From: 8bits  Read Replies (2) of 116555
 
We had really bad inflation in the 1970s and home prices tanked.

No, the 1970s had 6 years of (nominal) double digit increases in median price of housing in the US. The collective gain was almost as high as the past 10 years (until 2006). Real estate was a much better asset class than US bonds or stocks in the 1970s.

census.gov
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