Inspired by the infamous roller coaster video from SpeculativeBubble.com in 2007 using Rollercoaster Tycoon 3 to illustrate the ups and downs of a century of inflation adjusted home prices.
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Case Shiller Roller Coaster Illustration – The Ups and Downs of Home Prices from 1890-2010
and wells fargo is still handing out hamp loan applications???
,,,,,,,,,,,RATHER BE ON THE REAL ROLLER COASTER……….AND i’LL PASS ON THIS ONE THAT I HAVE BEEN STUCK ON!
This is an interesting graphic representation but what is it really saying? The cost of construction wages have not appreciably changed for 30 years. The cost of land has gone up, but isn’t that supply and demand? Location, location, location. Building material costs have increased. But how do you compare a basic 3 bedroom, 1 bath home in the 50’s consisting of 1,000 square feet, to a 3-4 bed, 2 bath home in the 70’s of 1500 square feet, to the 3,000 to 5,000 square foot Macmansions? Do you really need titanium plumbing faucets? Granite countertops? etc. Mind you, I enjoy building quality, artistic/ habitable sculpture, but deep down inside my pragmatic ethic asks, what is ‘enough?’ And what is green? What is environmental? Owning a suburban mansion and driving a Prius, using your recyclable bags, and returning your plastic is not going to cut it. This is a question of complexity, and how our culture and its citizens can no longer think coherently. Wall Street/ Banksters, though no friend of mine, simply provided the green to satisfy consumer greed. Mea culpa.