Here is a very interested chart from “A history of Home Values” from Robert J Shiller, which may one pause. If I read this correctly and if the projected value of homes continues as this chart suggested, then sometime around 2015 home values (in inflation-adjusted to today’s dollars) will be about the same as 1900 and again in 1950s to 2000. Truly a monumental loss in values if the trend were to continue. I hope for something better and home values level off near where they are today. Time will tell.
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Thanks Curtis for this interesting, and perplexing, chart!