Using raw data from here
http://www.realtor.org/research/research/ehsdata
I noticed an interesting trend -- the rich get richer, the middle class and poor get chased out of their houses at low prices.
Sunday, October 24, 2010
Housing Pricing - Orig Chart by Hawaii Trading
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Using raw data from here
http://www.realtor.org/research/research/ehsdata
I noticed an interesting trend -- the rich get richer, the middle class and poor get chased out of their houses at low prices.
The richest home buyers were the only segment that saw year over year gains. The rich get richer. Are they smart? Locking their money into hard "assets", or just stupid because they don't see just how bad things are? Time will tell, but in reality a house is a highly illiquid investment that could easily fall 50% from here.
Using raw data from here
http://www.realtor.org/research/research/ehsdata
I noticed an interesting trend -- the rich get richer, the middle class and poor get chased out of their houses at low prices.
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