A History of Home Values (Hint: the Bottom Isn't Here Yet)

3 posts / 0 new
Last post
switters's picture
switters
Status: Platinum Member (Offline)
Joined: Jul 19 2008
Posts: 744
A History of Home Values (Hint: the Bottom Isn't Here Yet)

Sometimes a picture really is worth a thousand words.  Click here to see the full-size chart.

Thomas Hedin's picture
Thomas Hedin
Status: Platinum Member (Offline)
Joined: Jan 28 2009
Posts: 815
Re: A History of Home Values (Hint: the Bottom Isn't Here ...

and sometimes a movie is worth a 1000 views

 

 part 1 (watch in full screen HD)

 part 2 (watch in full screen HD)

 

RussB's picture
RussB
Status: Silver Member (Offline)
Joined: Dec 9 2008
Posts: 101
Re: A History of Home Values (Hint: the Bottom Isn't Here ...

Very interesting chart, Chris. It's a graphic portrayal of how wrongheaded is the policy goal, so beloved of evidently everyone in politics and punditry, of trying to reinflate the housing bubble (or to pretend that prices have gone down enough and need to be stabilized).

What we really need, if we're to have any hope of transforming to a more rational, sustainable economy, is to figure out the real value of things. One of the ways in which Marxist economics is superior to market economics is that it attempts to find a non-arbitrary measure of value, namely the labor theory of value.

Similarly, I'd like to enumerate criteria for the proper valuation and distribution of land. One idea I've been tossing around, which relates to our looming predicament, is that the "correct" value of land should be pegged to the food it can grow, and that land should be distributed and stewarded in accordance with that value. This would unquestionably be more rational, practical, and equitable than the current distribution.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Login or Register to post comments