Source: J.P. Morgan
I am off to present to a room full of advisers this AM, but before I leave to tell them precisely where the Dow, Nasdaq and S&P will be in 12 months (to the 2nd decimal place!), I wanted to show the above housing charts.
The three charts show that prices are off the lows (IMO courtesy of ZIRP/QE), Renting remains pricey versus owning, while Inventory is very low.
Back soon . . .
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.