Thursday, September 4, 2008
"Those Are Big 'Ifs'"
LATimes Reporter/Blogger Peter Viles notes,
'This graph, courtesy of Credit Suisse, shows the historical ratio of median existing single-family home prices to median family income in the United States. It suggests that, if the previous historical ratio of prices to income is meaningful, and lasting, home prices will continue to decline until late 2009 or early 2010. Those are big "ifs."'
He continues what he usually refers to as his 'analysis/bloviation' here.