Friday, April 06, 2007

A sobering sense of scale

People have been talking about the "housing bubble" for a while now, but it wasn't until I saw this graph that I had a sense of what they're really talking about -- it looks nontrivially scary. In Philadelphia, most of the housing market rush is a correction of years of undervaluation, but I'm sure we're not immune to some future corrections too. Anyway, a more entertaining rendition of the graph can be had as a rollercoaster ride. (So far, no final drop...)

(via Medley)

1 comment:

Medley said...

That graph reminded me of Al Gore's CO_2 graph in _Inconvenient Truth_... if I had time, I'm sure there's a clever blog post to be made linking the two, somehow...