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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (37530)	8/11/2005 12:24:27 AM
From: CalculatedRisk	Respond to of 306849

I agree completely. I just offered the one stat that was close (Residential Investment) ... and it makes sense that there was a boom in the '50s. In every other measure that I'm aware of, housing is the largest % of GDP ever.

To: John Vosilla who wrote (37530)	8/11/2005 12:42:26 AM
From: John Vosilla	Respond to of 306849

I guess it is also a matter of what jobs, services and activities are considered housing related. It would be very interesting to see how that figure that includes everything (even stuff like home furnishings and the pool cleaning service<g>) as a percentage of GDP has changed over time if you included all the components. It's not a stretch to believe most folks who now are realtors, mortgage brokers and title insurance reps would have worked in a factory, steel or garment industry ect 50 years ago...