http://www.zerohedge.com/news/2013-05-28/chart-day-crushed-us-consumer-all-time-high-home-prices-record-housing-bubble
Benny's (Bernanke) Bubbles.......
Submitted by Tyler Durden on 05/28/2013 15:14 -0400
Benny's (Bernanke) Bubbles.......
Record Housing Bubble
Chart Of The Day: Crushed US Consumer + All Time High New Home Prices = Record Housing Bubble
We must have discovered a new bug in excel, because when we took median new home prices (which a week ago hit an all time high) which we then divided by the average American's purchasing power expressed through real disposable income per capita, we got this chart...
... which is impossible, as it would imply that not only are homes the mostunaffordable they have ever been, but that the cheap credit propping up the housing market is bigger than it has ever been in history.
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