Why did it take you so long to realize this? Americans made homeownership the social safety net in lieu of having a broader social safety net. Acceleration of home appreciation in the 80s coincides with the fraying of other parts of the social safety net.https://twitter.com/noahpinion/status/937747372284682240 …
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Not really. Prices bumped up sharply in late 80s but fell back in 90s California slump. Bought house in ’85, sold it with no real appreciation in ’95. https://fred.stlouisfed.org/series/CASTHPI
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your vertical axis is concealing the movement in that index. Looks like it's around 200 in 1995 and closer to 120 in 1985.
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