A bit of R. I've mentioned a few times that I "knew" we were headed into the ditch around 2003. I don't recall that I'd read Shiller at that point (or even that I was aware of him), it was just obvious that house prices were outstripping median income. The raw data is available (no idea how long it has been), so here's a picture worth a few words. The data run from 1890 to 2009.
Where's my little blue pill???
19 August 2011
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