Real estate over the past 7 years has gotten absolutely crazy. While it has come down some, it still seems as if prices are still at ridiculous prices. A condo should not cost well over $300,000! Richard Hodge from SpeculativeBubble.com created a rollercoaster simulation based on percentages of pricing that US housing has gone up or down since 1890. It’s an excellent simulation, but the chart after the video really shows how drastic this pricing has been. It makes you think that prices have to come down…and come down hard. Whatever goes up, must come down, right?? How have prices been in your area?

Here is the chart that shows the actual pricing: