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0 pointss1artibartfast2y ago0 comments

"just halving" is a radical change that will never happen on a short timeline.

With a more realistic number of 2% (for the US), you are talking about a 35% reduction in Price/income in 20 years. I think that is a very optimistic case to shoot for socially and politically.

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leereeves2y ago· 2 in thread

If home prices can rise 5% or more per year, why can't they also fall 5% per year?

s1artibartfastOP2y ago

I dont know what point you are trying to make, but housing prices fluctuate all the time. I am talking about long term averages.

leereeves2y ago

So am I. The median home price rose from 221k in Q4 2011 to 442k in Q4 2022.

That's doubling in 11 years, thus rising 6.5% per year on average over the long term.

https://fred.stlouisfed.org/series/MSPUS

Over the same time period, the value of existing homes, as measured by the Case-Shiller U.S. National Home Price Index (which measures the price of repeat same home sales) more than doubled.

https://fred.stlouisfed.org/series/csushpinsa

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