US Home prices 1890-2006 adjusted for inflation plotted as a roller coaster graph. It’s a long ride, but gives you some interesting perspective.
Roller Coaster from Speculative Bubble via Freakonomics Blog.
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A couple of nights ago I was watching a rerun of The Andy Griffith Show from about 1962 while I did a Sunday New York Times crossword puzzle. In the show, Andy was reluctantly forced by the town miser to deliver an eviction notice to a family that was behind in their mortgage. The payment that they couldn’t come up with– $52.50. The grand total to pay off the note– $780. And it was a pretty nice house, too.