2008-05-23 — typepad.com
All those Housing Bottom callers should consider the Housing Price to Rent ratio. It argues very loudly against a bottom anytime soon:See the Chart
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opsguy19 at 22:41 2008-06-09 said:
The graph suggests mid-2009 for the ratios to return to historic "normal levels". It would probably be an additional 6 months or so after that (lagging response) for economic activity to begin to rebound. That gives us about 18 months to go for the beginning of the recovery. Other analysis using different data to arrive at similar time frames, echo this information. Obviously, there are lots-o-variables. Permalinkadd a comment | go to forum thread
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