Here's a great video showing the growth and collapse of the housing bubble. Things really start to take off around 2000. This coincides with the bursting of the the Dot-Com/ NASDAQ bubble and consequent slashing of interest rates by the Federal Reserve, which made mortgages super cheap. So in the end, we traded one bubble for a larger one. Makes you wonder what's next. In my view, what we have growing now is a government bubble.
There is all the difference in the world between treating people equally and attempting to make them equal. - Friedrich Hayek
what sucks now is the old folks are being taken under with the reverse mortgages now. they are saying it as bad or worse then the balloon mortgages that started it all in the first place.
You could pick up Lindsay Lohan for less than a intel 990x, and still have money left over to bail her outta jail
Dont take the comment the wrong way, as I think as a society we should look to improve what the base house is, but what would happen to the graph if we adjusted for sq ft creep and extra amenities?
Houses have become larger with more bedroom, basements have turned into family rooms, and additional bathrooms have been added to most houses in my parents area.
Am I alone here? Is that it?
Am I the only one who sees.
Maybe we can learn to be just like him.
Wear a little uniform.
Yes, sir.
No, sir.
Thank you, sir.
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