That is, if you own a home. Average home prices for over a hundred years:
Hmm... not so bad... in the mid-1990s prices really came right back to their post-WWII average. I'm sure nothing changed since then, right?
Oh, I forgot something:
Now, I vaguely remember the nasty headlines from the end of the 1980s real estate bubble. Of course, given the economic mess of the early 1990s, it was really just more noise. But I don't believe anyone has identified a single factor that would explain why home prices should not, eventually, return to their post-WWII average as they did before.
This has the potential to be very, very nasty.