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Non-Tech : Investing in Real Estate - Creative Opportunities
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To: tejek who wrote (2038)2/5/2014 4:21:35 PM
From: John Vosilla  Read Replies (1) of 2722
 
From 2011 through the third quarter of 2013, housing prices grew by 5.83 percent. Rental costs grew by just 2 percent.

Another big miss by Mr Shiller IMHO. I am seeing rises far above 50% off the 2009-10 bottom in too many places for that to be fact even the ground zero markets like Phoenix or Miami. Am shocked how far markets like Austin have moved. All time highs in the TX cities, in Denver, rest of the energy patch, even upstate NY from what I am seeing. Of course we already know about the major metros in the NE and west coast which makes up near one third of the total population of the USA.. Case-Shiiler the idiots who expected home prices in many markets in FL to fall another 30%+ in 2009 if I recall. This after the 60-70% drop in 2007-08 which of course they were late on the data throwing the whole crystal ball out of whack going forward..
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