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 …
your vertical axis is concealing the movement in that index. Looks like it's around 200 in 1995 and closer to 120 in 1985.
-
-
Here are real house prices in the 3 big Calif coastal markets compared to US. From 80-96, up and down. From 97-2016, big divergence from nation.pic.twitter.com/C6pQY4A6AD
-
Price income ratios back to 1970s in the Bay Areapic.twitter.com/XSSjPYVisY
End of conversation
New conversation -
-
-
Here are ratio of house prices to income in the 3 big Calif coastal markets compared to US. Same pattern.pic.twitter.com/5NwX4Fs1wj
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.