The Housing Market Roller Coaster

click to enlarge

That's not what I expected to see. Note the graph below (lesser quality) that indicates where we're at after the 2008-09 decline. Also enjoy the ride- the graph plotted into a Roller Coaster Tycoon ride (almost sickening).

What I learned from Glenn Beck is (1) that where we're at now is about half way back down to the previously high peaks and an additional 20% to get back to a 100 year+ average (adjusted for inflation), let alone an additional 40% to get to Great Depression lows, (2) any attempts to preserve current housing prices is working against the system and an attempt to live within a utopian dream of housing rights for people who don't deserve them.