Priced In Gold, The Median Home Price Is Down 80% In The Past Decade

Tyler Durden's picture

It is kind of the fine folks who compile the Case Shiller index to finally "definitively" tell us that home prices have now officially double-dipped (or is that quadruple dipped when one adjusted for the pro forma impact of QE1 and 2?). Well, below is a chart that cuts right through the noise and semantics, and shows that when expressed in a currency that has not been battered and diluted endlessly, the true normalized value of housing is really down 80% not just since the housing peak but since the turn of the millennium.

Median home price priced in gold.

h/t Mike via chartoftheday.com