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posted by Jason Kottke  ·  gift link

Suroweicki explans why ever-rising housing prices may

Suroweicki explans why ever-rising housing prices may be deceiving. “If you control for inflation and quality…real home prices barely budged between the eighteen-nineties and the nineteen-nineties. The idea that housing prices have nowhere to go but up is, in other words, a statistical illusion.”