Thursday, August 02, 2007

Case-Shiller's Data


These are medians but you can clearly see who's been partying a little too hard!

Just for the record, the correct way to interpret the data about Detroit, Cleveland, and Denver is not that they had no housing bubble but that they would've (and still will) have had an outright depression starting 2000 had it not been for the credit bubble. They're still headed down that same path.

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