(NYT Chart © 2006; Additions By Steve Barry via TBP, 2010)
A nice graphic (originally authored by Bill Marsh of the New York Times online), provided by The Big Picture, about housing prices in the United States over 120 years.
What does this chart say? That A) Median prices for homes in America skyrocketed, beginning in 1997, relative to the previous 100+ years of housing price data; and B) Why the _______ ____ did that happen?; and finally, C) Whatever the reason (You knew this already), someone was making all kinds of money.
Follow the link and read. You might learn something -- though I'm listening to Bernard Herrmann's soundtrack to the film, "The Five Fingers" right now. Don't bother me unless there's a war. Well, I mean another war.
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