Susan Sierra

I have long been a believer that real estate prices will go down. Really.far.down.

I’m sure the fact that I’m a renter accentuates that belief, but the math is just not computing. Prices have gone up too far too fast, the mortgage-to-rent ratio is completely out of whack, and household incomes are not increasing.

When the topic comes up, I’m never really good at explaining why I believe so strongly that the bubble is going to burst. Thankfully, now I don’t have to. Check out this post from a local real estate blogger. He has obviously spent hours putting together these graphs and charts and making it all look pretty clear…

Check it out here.

PS - click on the graphs to make them bigger