[As a public service to the WAM readers, we will from time to time offer you examples of exactly how we as American's can quantify & celebrate the "Change" that was promised during the campaign]
THEN: When you adjust for inflation, since 1890, the median cost for a home in the US typically is between $90,000 and $100,000. Sure there have been dips (WW's I & II, Great Depression) and Peaks (70's, 80's). But on average, the market likes housing to hover within a close range of $100K per home.
NOW: The bubble of the early part of the decade sent the median cost to $200K per home. Today, it sits right around $170K & falling. The market is trying to adjust back to where it should be, but we won't let it! This is America dangit, and $100K just isn't good enough. So we will artificially dictate the costs, not the capitalistic market. Dictating who got a martgage worked out well for us didn't it?
Link
Click the Chart to enlarge:
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