Housing Prices Are Collapsing Upwardsposted by MR WAVETHEORY at 4/13/2007 10:03:00 AM
Then the author goes on to say
I don't want to be too sophisticated here, but 2007 is going to suck, all 12 months of the calendar year. Our future is not as bright as what we would like it to be.
— D.R. Horton Chief Executive Officer Donald Tomnitz
So what has happened to housing prices since the bubble supposedly broke in 2005? The problem the bubble heads have is that housing prices for the most part are still collapsing upward. Since the summer of 2005, existing home prices are up 12 percent while new home prices have risen 3 percent.
Collapsing upwards! Now that's a great one. I'll have to use that one more frequently!
To his credit, the author does show an interesting chart of housing prices vs Nasdaq. I think the only conclusion you can draw from the chart is that Nasdaq and housing are both up in the past 10 years - the difference being that Nasdaq is much more volatile then housing prices.