Quote
Originally posted by: Boilerman
Oh gosh, I'm shock!
I just found learned that the housing index in Manhattan was at a peak of 100 in 1988, then dropped by 27% over the next 6 years. The index did not again hit 100 until 2002...............14 years after Forkies random year of 1988.
Okay Forkie, how about you repeat your calculations, except this time begin in 1998?
Originally posted by: Boilerman
Oh gosh, I'm shock!
I just found learned that the housing index in Manhattan was at a peak of 100 in 1988, then dropped by 27% over the next 6 years. The index did not again hit 100 until 2002...............14 years after Forkies random year of 1988.
Okay Forkie, how about you repeat your calculations, except this time begin in 1998?
Also the S&P was at a low point on 1/1/88, so the index he's comparing to was moving into a major bull market. If the analysis started in 1/1/2000 it would be a completely different result...but that wouldn't fit his narrative.
