Riding the Rollercoaster of Home Prices

Ever feel like you're riding on a rollercoaster? (If you're in real estate how can you not feel that way?) I've got a virtual world rollercoaster for you to ride in this blog post (see below). A creative techie came up with this and posted it on YouTube some time ago. What he's done is he's taken the home prices from the year 1890 to the present, adjusted them for inflation and then plotted them to a rollercoaster ride using the Rollercoaster Tycoon Atari computer program. (Note: When you watch the video, the years appear in the bottom right hand corner right behind the YouTube logo. Look closely.) One quick thing that's interesting is just how incredibly high the coaster gets beginning right after a drop in the early 1990s to 1995 and then it continues up, up, up and up some more starting in 1997 through 1998, 1999, 2000, 2001 and continuing (how high can it possibly go?) up until right around 2006-ish where it levels off and right before a slow, bending turn leading to a quite precipitious fall at the point where the track ends. Are we headed for a crash? Hold on to your hats, everybody, and enjoy the ride! (Thanks to Sugar Pine Realty Realtor, Kathie Burby, for the tip for this post.)