A Bottom in Housing? You’ve Got to Be Kidding!

I have an interesting discussion on Housing later this week, but for now, let’s look at this Yahoo video n another bottom call in Housing.  (Note that the charts discussed are linked below)

Here are the relevant charts regarding Home Sale and Rental ratios, as well as Median Income and Home prices.

Charts:

Median New Home Prices vs Median Household Disposable Income
http://www.comstockfunds.com/files/NLPP00000/312.pdf

Home Price Appreciation vs CPI – Rent
http://www.comstockfunds.com/files/NLPP00000/313.pdf

   

Previously:
Revisiting Housing Seasonality & the Perennial Bottom Callers (July 1008)
http://bigpicture.typepad.com/comments/2008/07/revisiting-seas.html

Source:

A Bottom in Housing? You’ve Got to Be Kidding
 
Henry Blodget
Yahoo Tech Ticker Aug 13, 2008 07:30am EDT
http://finance.yahoo.com/tech-ticker/article/47438/A-Bottom-in-Housing-You’ve-Got-to-Be-Kidding

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