The 1970s: When global housing prices began outpacing incomes by a significant margin. http://voxeu.org/article/home-prices-1870 …pic.twitter.com/cZ3U2eGwHV
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Yes, that one's pretty straightforward. (Assuming a "House Price Index" is something that rates price against income.)
Interesting - I didn't know how prices dipped during the world wars. Or stayed almost perfectly flat through Great Depression.
Looks like the big change in slope was not the inflationary 70s or anti-inflation 80s, but the 90s -- financialization?
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