User 108682

No Bottom Yet: Housing Permits Drop To 14-Year Lows

Clay Kime,

I address your
When will "too high" no longer be "too high?

The past, corrected for inflation, provides a clear basis for inferring a (real) future -- to say the least! Please see first and last charts here:
“Real Dow & Real Homes & Personal Saving” at
homepage.mac.com/ttsmy...
And please note, of course, that the exampled real 41% lower is achieved (1) by a 41% lower US$ nominal house price, or (2) by a 70% higher CPI-U consumer prices, or (3) by a combination of (1) and (2).

Is this clear (I hope so)?

An Interview With Housing Index Guru Robert Shiller

Terrific interview of a terrifically honest guy.
Bubbles would be well-deterred IF real (i.e., inflation-corrected) asset price histories, e.g.

homepage.mac.com/ttsmy...
(and please don’t miss the last chart therein)

were kept in the public’s face ongoingly. This is NOT done because such truth is 'bad for business'. It is a massive and treacherous deception by omission. This long-term status quo in our USA is: “The public be suckered.”.