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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Skeeter Bug who wrote (172951)12/21/2008 10:14:47 PM
From: neolibRead Replies (1) of 306849
 

i would agree that ratio was high at the top of the bubble. it is much lower now, though, as wealth has been destroyed in a massive way.

Yeah, I didn't state that I guess. What I'm wondering is if the current correction of that ratio is getting anywhere near close to what might look like the extension of a long term trendline prior to the recent asset bubbles, kind of like the real estate vs GDP graph elroy posted.
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