tag:blogger.com,1999:blog-5936637281134795592.post2879059136161215165..comments2024-03-08T08:55:52.985-08:00Comments on Whispers from the Edge of the Rainforest: May's Average Price and total listings graphUnknownnoreply@blogger.comBlogger3125tag:blogger.com,1999:blog-5936637281134795592.post-991304935456950202013-06-04T15:26:21.926-07:002013-06-04T15:26:21.926-07:00Bears just need some patience, but that chart, spe...Bears just need some patience, but that chart, specifically the detached SFH, looks like a bubble if I've ever seen one. Real estate bubbles take much longer than other assets to inflate to bubble proportions, years and years. But that climb from 2003 to present looks a lot like silver in 2011. We have topped out, and are currently at the "return to normal" stage in the cyclical bubble (http://goo.gl/QHyz6). <br /><br />Make my words, we're returning to the MEAN, which, according to that chart above, is roughly $550K for Detached SFH.Robbnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-46992926074513848582013-06-04T09:06:34.384-07:002013-06-04T09:06:34.384-07:00Well said Michael!Well said Michael!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-11797003059031021392013-06-03T23:52:41.903-07:002013-06-03T23:52:41.903-07:00Not that it has me thinking that prices in Vancouv...Not that it has me thinking that prices in Vancouver are going anywhere but horizontal or south, but I must say it always seems very quiet on this blog from both the author and the readers when an entry is posted and it reflects something contrary to the accepted truth.Michaelhttps://www.blogger.com/profile/00278784401164564783noreply@blogger.com