Wednesday, August 29, 2007
So you want the Phoenix bubble in logs.....
There is an interesting debate going on over at the housing panic blog about whether the charts should be presented in logs rather than indices. (see http://housingpanic.blogspot.com/). Well, I took the numbers for Phoenix and put them into logs. Not much changes; prices in Phoenix are still way out of line with log run trends. That sorry fact shows up when the data is logs, indices or plain old US dollars. As my dear old grandma might have said "I don't care if its logs or schmogs, it is still a bubble".
Posted by Best at 9:48 AM