Real Estate, Like Life, is a Roller Coaster
June 17th, 2007 by George
I was surfing youtube the other day, looking for real estate videos and information. What I wanted to watch was something more than the typical talking head, who just sat there explaining:
- how his method is better that everyone elses,
- how flipping homes is so easy,
- how he can make you a millionaire, without ever leaving the couch,
- if you just send him $495.00 for his informational video tapes…,
- with the placement of “tiny little classified ads in hundreds of newspapers”, you can become RICH,
- etc, etc, etc, ad nauseum
(On a side note, it’s amazing what these tiny classified ads can do for you… Even the Federal Government has taken note and erased the deficit using this money making system…)
When, suddenly, I ran across a very cool video added by speculativebubble. What he did was use an index of home prices (adjusted for inflation) that was created by Yale economist Robert Shiller
speculativebubble used this index in a roller coaster simulation as a means of visualizing the trends year over year.
Be sure you stick around at the end, as the roller coaster gives a final turn to see the ride you have just been on. It will be interesting to see how this video gets updated over the next few years, what ups & downs we will be apart of.
- Posted in General