Quote:
Originally Posted by Red
One thing of note here.
They are comparing housing after one of the largest crashes of early 80s (if not the largest) with historically most expensive housing of today.
Wonder how different this would be if they compared 1978 to 2003? Or 1980 to 2015??? Things could be a lot different then.
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Someone just graduating now can't exactly go back to 2003 and buy a house then. A new university grad this may would have been ~12-15 years old in 2003, which would have made getting a mortgage pretty hard.