Sorry to inundate you with Glenn Beck, but you have to see this housing chart. How The One believes he can keep prices artificially high forever is anybody’s guess.
Observations from a conservative in a blue state. With a little help from my friends!
Does anyone know what his graph is based on?
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I believe it’s based on median or average home prices in the US adjusted for inflation over the past century.
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Probably based on the Case-Shiller data. There was a similar chart published in the New York Times a few years ago, which I believe came from Shiller’s book “Irrational Exuberance.”
You can get the data here:
http://www2.standardandpoors.com/portal/site/sp/en/us/page.topic/indices_csmahp/0,0,0,0,0,0,0,0,0,1,1,0,0,0,0,0.html
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Ron, I am writing an essay on this housing market and on the claims Glenn Beck has made in this video…can you help me out?
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