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Home Prices Are Back... To 1894's Levels

Tyler Durden's picture





 

Six years after the onset of the traumatic US housing crisis, the optics are there that suggest a stabilization is occurring. Whether real or manufactured by record-low foreclosures, bank supply withdrawals, and fed-subsidized cash REO-to-rent trades, the sad truth is that jobs (and the GDP-enhancing multiplier effect that they create) are just not coming. Even Bob Shiller prefers the potential for 4% gains in stocks over housing risk in the medium-term as he points out that - inflation-adjusted - house prices are back at levels first seen in 1894... now that is a long-term investor.

 

 

Source: Goldman Sachs

 


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Thu, 02/14/2013 - 12:29 | Link to Comment FecundaGoat
FecundaGoat's picture

I see housing like dividend paying stocks....Pick the right one at a low cycle in the market, rent it until the market peaks and unload it!!

All investments cycle...BTFD!!

BooYaa!!  God Bless America!!

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