Steadfast FinancesCase Shiller: Confirmation of the Double-Dip in Home Prices - Steadfast Finances

Case Shiller: Confirmation of the Double-Dip in Home Prices

Filed in Infographics & Chartology , Real Estate 7 comments

As if we had any real doubt that U.S. real estate was FUBAR, but the March Case Shiller Index numbers did us a favor and confirmed what the smart money already knew.

Too bad the Case Shiller model doesn’t take condos, bank owned real estate, short term prices, etc. Wouldn’t want to show chartology for the most distressed segments of the market… that might undermine confidence and investor psychology.

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Posted by CJ   @   31 May 2011 7 comments
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May 31, 2011
3:35 pm
#1 Hal (GT) :

It won’t be too much longer I think before we start hearing more talk about some kind of gold standard as the dollar is going to be toast because of this artificial bubble that our “leaders” created to prop up the banks because of this very problem.

May 31, 2011
3:41 pm
#2 Matt SF :

I’ve heard it from 1-2 politicians in the last year. But the problem with that is our system of government encouraged taking on debt is rooted into our business system…

Take on debt… inflation devalues dollar… burden of principal & interest repayment is lessened after few years… [repeat]

Jun 2, 2011
5:15 pm
#3 Hal (GT) :

I agree that’s where our gov has led us. But the gold standard may not come from the USA this time. But you can only repeat it so much before there’s nothing left.

As our nation defaults on these outlandish debts the rest of the world will seek something else of value. BRIC nations are already making moves to protect themselves and China is doing everything they can to gobble up mining companies.

Jun 8, 2011
4:05 am
#4 JT :

To be fair, China’s buying every company. Not only that, but they’ve practically backed their currency with junk world currencies.

Jun 9, 2011
11:32 pm

If I remember my recent economic history correctly, we were one of, if not the, first country to get off of the gold standard, and then the rest of the world followed suit. Maybe if we adopted it again, other countries would take note, and some stability would emerge again. Not overnight certainly, but in the long run I think it would be a very good idea. Of course there would be turbulence and “unfair” issues as the world transitioned back to something of real value, but if we could just get past that we’d be on a better track.

One thing’s for sure: things are going to have to get a whole lot worse for a gold standard to come back, or any kind of signifigant, long-lasting, and actually beneficial reform to occur.

Jun 10, 2011
9:23 am
#6 Matt SF :

I think going back to a dollar backed gold standard is unlikely at best. It’s way too profitable to pay back debts with consistently devalued dollars, and in this scenario, it’s actually beneficial to take on debt b/c the dollars you repay years later are worth far less many years later.

Jun 10, 2011
1:11 pm
#7 Joe :

Can a double dip recession be far behind? (Or have we never really gotten out of the first recession?)

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