A Forecast for Real Estate
This is a must read if you currently own real estate or looking to buy a home. I’ll attach a link to a forecast done by Martin Armstrong in 2009. This study shows a 78 year cycle starting with the price increase from 1955, to the housing bubble bursting in 2012. These documents also show the rebound we experienced in the housing market over the last few years & drastic price reduction ending the cycle in 2033.
https://www.armstrongeconomics.com/wp-content/uploads/2012/03/a-forecast-for-real-estate-111509.pdf
Yeah I saw where back in the early 1900's the average cost of a house was $8,000 which was also the average yearly income :/