Showing posts with label Housing prices. Show all posts
Showing posts with label Housing prices. Show all posts

Friday, June 22, 2012

We were not as rich as we thought

The presumed wealth of the 1990s wasn't all smoke and mirrors, just a mirror reflecting our greedy/hopeful inner selves.

Again, cost/price is not a true measure, and value is a slippery thing.

http://www.aei-ideas.org/2012/06/americas-pre-crisis-wealth-was-an-illusion/

(Story has one of those charfs to back up the thesis. Scary, that where we should be is about where we are.)

Linked from www.maggiesfarm.anotherdotcom.com