26 April 2008

Cool chart on housing prices versus rents...

...from a blog post by Princeton economist/New York Times columnist Paul Krugman.

Some charts grab you right away, like this one, which highlights how crazy things got during the home-buying mania that swept America in the early 2000s. As home prices soared, rents stayed flat - an indication that buyers were being motivated by factors other than the fundamental one of the relative costs of renting versus owning. Now the fallout from home-buying mania is currently rippling through our economy - and causing a great deal of distress to many homeowners.



Some people will tell you that renting a home
is like throwing your money away.
People who sell homes, for example.

24 April 2008

A blast from Wavelength's past...

...here's a quartet of captioned photos we emailed to our email list members back in September 2005. Plucky, weren't we?

(click to enlarge)