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)
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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...
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