Comparing Housing Prices, Real vs Nominal (1890-2011)

The chart of inflation-adjusted vs. nominal home prices in this is pretty staggering. Imagine if the adjustment was based on the more realistic CPI from ShadowStats, which is basically the CPI as the government used until the early 1980s. We suspect that point on, real housing prices would show that the sector (despite, or nay, because of extensive government subsidies) has been even more of a money-loser.